Adam’s Mark converting to Wyndham
The Adam’s Mark Hotel Indianapolis has become the Wyndham Indianapolis West Hotel.
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Speedway president Chitwood resigns-WEB ONLY
The president of the Indianapolis Motor Speedway announced today that he will step down after this weekend’s Allstate 400 at the Brickyard, the second top administrator to depart the speedway in a month. Joie Chitwood, a longtime Speedway official, became president and chief operating officer of IMS in December 2004. He said he is resigning […]
Riverside course proceeds support preschool
One of the city’s golf course operators, Bob Thompson, has donated his earnings from two facilities to a single charitable
cause the past 15 years.Greater Indianapolis YMCA has $30M in projects planned
It takes a map of the entire metro area to show all the projects the YMCA of Greater Indianapolis has on its drawing board.
The $30 million plan calls for building two brand-new facilities, one in Avon and one in Pike Township; expanding
the Fishers YMCA; and building a new outdoor pool in Lawrence.Recession forces casinos to go all in with pricey expansion projects
In a saturated gambling market, Indiana casinos increasingly rely on expanded entertainment options to
attract patrons. The upshot is that an industry once considered “recession-proof” is asking
the General Assembly for lower taxes and hopes to eliminate expensive regulatory requirements like maintaining engines
and crews.George’s departure creates racing uncertainty-WEB ONLY
Indianapolis Motor Speedway and Indy Racing League corporate partners are wondering what the future holds after Tony George suddenly vacated his roles as boss of both of those organizations yesterday. IMS and IRL officials were working the phones this morning to reach out to constituencies and allay fears about massive changes, said Speedway spokesman Fred […]
George’s departure creates uncertainty-WEB ONLY
Indianapolis Motor Speedway and Indy Racing League corporate partners are wondering what the future holds after Tony George suddenly vacated his roles as boss of both of those organizations yesterday. IMS and IRL officials were working the phones this morning to reach out to constituencies and allay fears about massive changes, said Speedway spokesman Fred […]
Village Pantry moving HQ out of Indianapolis-WEB ONLY
Village Pantry’s headquarters on the northeast side of Indianapolis is closing as a result of an office consolidation between the convenience store operator and another in North Carolina, both owned by Sun Capital Partners Inc. The merger of accounting and administrative functions will take Village Pantry CEO Mick Parker and at least nine other executives […]
Village Pantry moving HQ out of Indianapolis-WEB ONLY
Village Pantry’s headquarters on the northeast side of Indianapolis is closing as a result of an office consolidation between the convenience store operator and another in North Carolina, both owned by Sun Capital Partners Inc. The merger of accounting and administrative functions will take Village Pantry CEO Mick Parker and at least nine other executives […]
Contest results-WEB ONLY
Last week, in a contest to win a family four-pack of tickets to see “Walking with Dinosaurs-The Arena Spectacular,” coming to Conseco Fieldhouse July 8-12, I asked you to write in your favorite dinosaur or dinosaur moment. Among many a Dino and Tyrannosaurus Rex, here are some of your other favorite dinosaurs: “The one Fred […]
Rehabbed midtown building fills up-WEB ONLY
Local accounting firm London Witte Group LLC’s decision last June to take a chance on an empty midtown office building is suddenly looking like a winner. The former Grain Dealers Mutual Insurance building at 18th and Meridian streets is now essentially fully leased thanks to an agreement by Clarian Health Partners to occupy the bulk […]
Speedway situation still mired in uncertainty-WEB ONLY
Normal 0 false false false MicrosoftInternetExplorer4 Tony George is still the CEO of Indianapolis Motor Speedway. How much longer he holds the title remains unclear. Yesterday afternoon, track officials denied a report that the board of directors voted to oust the 49-year-old CEO and said that George has instead been asked to create a more […]
Anderson apartments rescued by new owner-WEB ONLY
A 132-unit apartment complex in Anderson that became mired in an alleged $225 million Ponzi scheme last year has a new owner. Bloomfield, Ind.-based Renewing Properties LLC has purchased the Hilltop Apartments at 4529 Columbus Ave. for a “little below $2 million,” said George Tikijian of Tikijian Associates, which brokered the deal. The complex fell […]
Churches look for ways to pay off construction projects planned before recession took toll on collection plates
In Indianapolis and around the country, congregations that expanded before the recession are now taking drastic measures,
including budget cuts that have resulted in layoffs, salary reductions and giving less to charities.Contractors renovate offices for students and mentors
This summer, Starfish Initiative will welcome a new class of scholars to its freshly painted offices with all new furniture, spacious meeting rooms and an inviting lounge.
Building on a prayer-WEB ONLY
The Greek Orthodox families of central Indiana worked for 10 years to build their new gold-domed church in Carmel, but they aren’t finished sacrificing. The 500-family congregation now must pay off the $9 million building, just as the recession and stock market collapse have wiped out some families’ ability to make good on pledges. “We wish, maybe, we hadn’t got […]
Sad news out of Madison
The 154-year-old Jefferson County Courthouse caught fire last night, and the damage looks serious. Workers were finishing up renovations in preparation for Madison’s bicentennial next month. You can follow Twitter updates from the Madison Courier here. The…
Voters across Indiana turn down school projects-WEB ONLY
Voters rejected millions of dollars in school projects in special elections yesterday in central and northern Indiana. In the Mooresville school district south of Indianapolis, voters rejected a proposed $50 million middle school, 2,689-1,674, and a $45 million high school renovation, 2,564-1,780. In the Nineveh-Hensley-Jackson school district that straddles Johnson and Morgan counties, a proposed […]
Simon supports Target’s real estate strategy-WEB ONLY
Indianapolis-based Simon Property Group Inc. is supporting Target Corp.’s efforts to maintain ownership of its real estate rather than transferring it into a separate company as an activist shareholder is suggesting. Pershing Square Capital Management, a hedge fund engaged in a proxy battle with the Minneapolis-based retailer, is proposing that Target put its real estate […]
Simon supports Target’s real estate strategy-WEB ONLY
Indianapolis-based Simon Property Group Inc. is supporting Target Corp.’s efforts to maintain ownership of its real estate rather than transferring it into a separate company as an activist shareholder is suggesting. Pershing Square Capital Management, a hedge fund engaged in a proxy battle with the Minneapolis-based retailer, is proposing that Target put its real estate […]