The coronavirus pandemic has made many consumers cautious of air travel, cruise ships and hotels, and they now see RVs as a safer mode of travel and better vacation alternative.
For Indianapolis to return to economic normalcy, we must work harder than ever to mend our differences, address long-neglected problems and coalesce around an inclusive, strategic plan for renewed growth.
The one-two punch of the pandemic and protest-related violence raises questions about whether downtown can recover. Experts and community leaders say yes—but only with concerted effort and strong leadership.
With no new business in April and downtown hotel occupancy stuck below 8% since late March, the agency overseeing the Indiana Convention Center and Lucas Oil Stadium has seen revenue crater.
American Airlines said it will aggressively add back flights in July, while United Airlines also announced plans to add back flights, while taking a more cautious approach.
The Carmel City Council might force organizers of a proposed film and music festival to find funding elsewhere if they insist on holding it in May 2021.
Wall Street absorbed better-than-expected economic data: Private payrolls shed 2.76 million jobs in May, ADP reported Wednesday. Economists surveyed by Dow Jones had expected a drop of 8.75 million.
On Monday, Marion County entered Phase 3 of its COVID-19 reopening plan, which among other relaxed restrictions included allowing restaurants to serve patrons indoors, up to 50% of their dining-room capacity.
All 11 S&P stock sectors advanced, led by financials and industrials, which had been unloved sectors. Their comeback is a sign that the slow recovery is broadening.
Patachou, which operates 12 restaurants in Indianapolis and Carmel, is among a growing number of local companies that have sued their insurers for claim denials related to COVID-19 business losses.
Gen Con—the single-largest event the Indiana Convention Center hosts on an annual basis from an economic impact standpoint—will become an online event this year. Organizers said the social nature of the gaming event made it impossible to hold in-person.
The Facebook page for the upscale restaurant lists the location as “permanently closed.” It has been removed from the company’s online list of restaurants, and its local phone number no longer works.
The Indiana Gaming Commission on Friday awarded a casino license to Spectacle Jack, which plans to build a $120 million casino near Interstate 70 and State Road 46 in Terre Haute.
As the coronavirus crisis drags on and the timeline for a vaccine remains uncertain, U.S. households and small businesses are rapidly running out of money, according to new federal data released Thursday.
After delays, the Indiana Gaming Commission is poised to consider awarding a casino license to a subsidiary of Spectacle Entertainment, now that two former executives of Centaur Gaming have divested their interests in the project.
