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Former Colt opening downtown event venue
Former Indianapolis Colt Gary Padjen is turning a vacant 18,000-square-foot building near Lucas Oil Stadium into a venue he is hopeful will host everything from Super Bowl and other corporate parties to concerts and mixed martial arts bouts.
New renderings: $5M plan for amphitheater, trail in Fishers
The Town of Fishers this week unveiled plans to build a new outdoor amphitheater and multipurpose trail in its downtown district along 116th Street.
Oktoberfest organizers face bill for unpaid fairgrounds rent
Board members of the German-American Klub of Indianapolis could be personally on the hook for more than $20,000 in unpaid rent at the Indiana State Fairgrounds.
Downtown’s Nestle Inn under new ownership
Nearly 12 years after opening Nestle Inn Bed & Breakfast, Steve and Barb Tegarden decided to sell the business at 637 N. East St. to marketing and hospitality veteran Leesa Smith and her husband.
Republic Airways hires GE unit to cut fuel bill
Indianapolis-based Republic Airways Holdings Inc. said it has hired GE Aviation to help it analyze and reduce its spending on fuel.
Shoe Carnival quarterly earnings rise 15 percent
The Indiana-based footwear and accessories company reported Thursday that its earnings rose to $10.5 million for the period ended Oct. 29, up from $9.1 million a year ago.
Packaging company plans to add 63 jobs in Lawrenceburg
Toronto-based IntraPac said it will move operations from New Jersey to the southeastern Indiana town and build an 80,000-square-foot plant that should open in February.
Venture firm set to score on Angie’s List, Groupon IPOs
Battery Ventures’ investments in Angie’s List Inc. and Groupon Inc. have produced more than $440 million in paper profit after the Internet-commerce companies sold shares to the public this month.
IU unveils $15M donor for biz-school expansion
Bigger and better surroundings for undergrads at Indiana University’s Kelley School of Business will be named Hodge Hall, in honor of an alumnus James Hodge, who is giving $15 million for the project.
State lets Occupy Indy protesters keep small camp
Indiana officials are declaring détente with Occupy Indy demonstrators after the protesters removed much of their camping equipment from the Statehouse lawn.
Shelbyville’s SCB Bank scrambles for capital
A Shelbyville-based bank appears to have missed a federally mandated deadline for boosting its capital levels, a failure that might put it at risk of government takeover.
Mass Ave deal’s brokerage fee raising eyebrows
A real estate brokerage picked by the city to spearhead redevelopment of a prime Mass Ave parcel occupied by the Indianapolis Fire Department stands to collect a million-dollar-plus payday if it closes the deal.
IPS hopes new high school attracts high-achievers
Christine Collier, the longtime leader of the Center for Inquiry elementary and middle schools, is designing a high school within the Indianapolis Public Schools system that officials hope will draw students who now attend some of the highest-achieving K-8 schools in the IPS system.
Bank hits Centre Properties with $43M suit
Three local strip centers owned by longtime Indianapolis developer Centre Properties are the target of a $43 million foreclosure lawsuit brought by the real estate firm’s lender.
Trio of ad agency executives launches boutique firm
Three well-known advertising industry executives formed an agency this month that industry insiders think could make some noise in the local market.
Ski-lodge-themed facility planned for Union Station
The NFL is spending hundreds of thousands of dollars to build a posh 15,000-square-foot hospitality area inside Union Station’s Grand Hall for this year’s Super Bowl. The facility will be a perk for the league’s best corporate partners, former players and coaches, and other high-rollers.
Fight for schools
Mike Hicks tells readers to “vote with their feet” if their local school districts don’t improve in a few years. From the perspective of true community leadership, this philosophy of action is wrong.