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Hotel occupancy rates in the last two years have plunged nationally and locally to levels not seen in decades, putting a number
of hotels at or near the financial breaking point. But relief finally appears to be on the way.
An initiative to bring 10 of the biggest travel tour operators in the United Kingdom to this year’s Indianapolis 500 could
be a first step in bolstering business at the Indianapolis Motor Speedway, area golf courses and Indianapolis International
Airport, where city boosters hope to establish direct flights to London.
GM’s axing of its Saturn brand may fuel the nationwide emergence of an Indianapolis-based used-car franchisor. The first All
Things Automotive franchise will open this month in Fishers, at the former Saturn store owned by Lockhart Automotive Group.
Three Hoosier universities—Notre Dame, Marian and Indiana—are moving to launch programs that seek to apply MBA-style training to the unique demands of schools.
The turmoil that now engulfs Junior Achievement of Central Indiana likely was spawned by questions that arose in 2008 about
the handling of a scholarship fund worth about $200,000.
The $16.5 million worship auditorium that Northview Church in Carmel opened last month may be the last major church-related
project completed in central Indiana for years. Although many projects were finished before the recession, churches, which
usually pay for much of construction in cash, struggled to collect pledges.
My longtime assistant, Marla Smith, had a sign on her desk that read, “The best
man for the job is often a woman.” I have grown to appreciate and believe in that advice.
The property tax caps that are all but sure to become part of the Indiana constitution after a voter referendum
this November
are definitely good politics—and might prove to be good policy. We won’t know for sure until we see what becomes
of two property-tax funded entities that are starving as the caps fully phase in.
Lilly Endowment has been a substantial Lilly stockholder for 73 years, so to focus on the past decade is a mistake.
Such “value added” services are a key part of the airport’s strategy, said John Clark, CEO of the Indianapolis
Airport Authority.
Speedway businessman Tim Hicks will launch the Indianapolis Drive next fall as part of the ABA’s 11th season.
First in a month-long series of new Broad Ripple restaurant reviews. This week: Flatwater.
Our study found that simply permitting deregulation of cable TV caused a pleasing increase in broadband adoption.
One art-collecting couple has opened a fine-art gallery in Zionsville, while the founder of a contemporary craft show is planning
a boutique in Irvington.
It’s not too early to think about next season at the Indiana Repertory Theatre, the Indianapolis Symphony Orchestra, and more.
Twelve investment firms agree to repurchase auction rate securities from Indiana clients for a total of over $370 million
and
to pay fines totaling more than $3.5 million.
Renovation work finally has begun on the building at 16th and Pennsylvania streets. Developer Christopher Piazza found two
equity partners for the project because banks were unwilling to lend.
