Work could start this summer on delayed Terre Haute casino
The casino’s groundbreaking could happen in late June or early July, with an opening by fall 2022, Hard Rock International executive Jon Lucas told the Indiana Gaming Commission on Tuesday.
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Biden asks U.S. intel officials to investigate COVID-19 origin
While the lab leak theory was initially dismissed as unlikely, recent reports about the hospitalization of Wuhan lab researchers in November 2019—weeks before the virus was identified in that city—have given it new traction.
Ford: Electric vehicles to make up 40% of global sales by 2030
The company said 70,000 customers have put down $100 deposits to reserve an electric F-150 in the week since it was unveiled. Ford’s F-Series pickup is the top-selling vehicle in the U.S.
COVID-19 cases rise by 655 in Indiana, deaths by six
Statewide hospitalizations due to COVID-19 increased from 797 on Monday to 810 on Tuesday.
Amazon to buy MGM for $8.5B, adding to its streaming service
MGM’s library includes more than 4,000 movies, including “Silence of the Lambs” and “Thelma & Louise,” and 17,000 TV shows, such as reality TV staples “Shark Tank” and “The Real Housewives of Beverly Hills.” Amazon also will get cable channel Epix out of the deal.
FFA picks longtime agricultural education leader Stump as new CEO
Scott Stump’s most recent role was assistant secretary of career, technical and adult education for the U.S. Department of Education, where he served from July 2018 until January.
Surprise plunge in bankruptcies puts attorneys to test
Economists thought economic turmoil caused by the COVID-19 pandemic would cause bankruptcy filings to surge. Instead, they’ve plummeted, which is forcing bankruptcy practitioners across the state to cut costs or find other work to fill the void.
Parent of Indianapolis-based Pac-Van acquired in billion-dollar deal
Stamford, Connecticut-based United Rentals Inc. paid $19 per share for Pasadena, California-based General Finance Corp.—which has owned Pac-Van since 2008—and assumed $400 million in debt.
Amazon faces antitrust case over treatment of vendors
Like its Big Tech counterparts Facebook, Google and Apple, Amazon faces multiple legal and political offensives from Congress, federal and state regulators and European watchdogs.
GOP legislators protest Indiana University’s vaccine order
A letter dated Tuesday to Gov. Eric Holcomb calls on him to prohibit any state university from mandating vaccines that don’t have full U.S. Food and Drug Administration approval.
Noblesville OKs new vehicle taxes to chip away at Pleasant Street extension costs
The Noblesville City Council approved vehicle excise and wheel taxes Tuesday to generate $1.8 million in annual revenue starting next year. The money is slated to pay for a portion of the city’s estimated $113 million Pleasant Street extension project.
Former Muncie mayor pleads guilty to federal theft charges
Former Muncie Mayor Dennis Tyler, 78, admitted to receiving $5,238 to steer Public Board of Works contracts to an unnamed company.
Newfields puts historic Westerley property on market for $2.2M
The museum has used the the four-bedroom, eight-bathroom Tudor-style home built in 1922 to house its leader. It’s the first time the property has been on the market since the 1930s.
GOP senators ready $1T infrastructure counteroffer to Biden
The Republicans said their new $1 trillion offer, spread over eight years, would be aligned with what they discussed with President Biden in their first Oval Office meeting almost two weeks ago.
U.S. cuts Mexico’s aviation safety rating, curbing new flights
The downgrade means that U.S. airlines won’t be able to sell tickets on flights operated by Mexican airlines, a setback that will mainly hit Delta Air Lines, which has a partnership with Aeromexico.
Indiana attorney general argues governor exceeding authority
Indiana’s attorney general argues in new legal filings that the governor is wrongly trying to use the courts to expand his powers with a lawsuit challenging the authority state legislators have given themselves to intervene during public emergencies.
Southern District courts to lift mask, distancing mandates for vaccinated individuals
The Indiana Northern District Court, however, is continuing to require face coverings in most situations.
Saved by online lenders, businesses say they’ll borrow again
Loans from online lenders saved thousands of small business owners who were unable to get COVID-19 relief loans from big traditional lenders. Now, encouraged by getting applications processed within days rather than weeks, these owners are becoming repeat customers.
State’s COVID-19 case count rises by 525, deaths by 12
The state said 2.44 million Hoosiers have been fully vaccinated against COVID-19. More than 2.6 million had received the first dose of a two-dose vaccination.
Real Estate Weekly: News notes, 05/25/21
These news notes appeared in IBJ’s Real Estate Weekly on May 25, 2021.