A change made to legislation designed to boost funding for the Capital Improvement Board means the quasi-governmental agency could see an additional $15 million in tax funds annually—nearly double what was initially proposed.
Spectacle Entertainment—a company founded by some of the same investors that operated Centaur before it was purchased by Caesars Entertainment—is in the process of buying Gary-based Majestic Star Casino I and Majestic Star Casino. It has said it wants to move one of the casinos to the Interstate 80/94 corridor and the other to Terre Haute.
Hilton selected Indianapolis as one of three markets for its new Signia line. The hotel is a key component of efforts to beef up downtown’s capacity to host large events and conventions.
The Indiana Senate passed legislation Tuesday morning that would boost funding for Indianapolis’ Capital Improvement Board, keep the Indiana Pacers in town for at least another 25 years and provide support for a dedicated soccer stadium for the Indy Eleven.
The legislation would legalize sports wagering, let horse-track casinos add table games this year as opposed to waiting until 2021 and allow two Gary casinos to move.
The project in suburban Detroit will include 500 apartments, a 200-room hotel, 20,000 square feet of retail and dining space, and a 30,000-square-foot grocery.
The developer behind the $5.4 million plan to convert Castleton Extended Stay into senior living units is seeking a three-year tax break on the project.
Daredevil, named the state’s Brewery of the Year in 2017 and 2018, has lined up space in the Garage Food Hall at the Bottleworks District on Mass Ave, developer Hendricks Commercial Properties announced Tuesday.
Some of the biggest hotel operators in Indianapolis say the city would not be able to absorb the 800-room and 600-room hotels planned by Kite Realty Group Trust alongside the proposed expansion of the Indiana Convention Center at Pan Am Plaza.
Thompson Thrift Retail Group now has firmer plans for developing land adjacent to The Yard at Fishers District as the project moves forward in the zoning process. The plan moved forward in the approval process Wednesday night.
The president of the Capital Improvement Board said negotiations on a 25-year deal with the Indiana Pacers are progressing, but a final pact is likely months away.
Three more suburban communities are seeking to impose a food and beverage tax to help fund infrastructure, public safety and quality-of-life improvements.
Some of the most prominent hotel operators in downtown Indianapolis told state lawmakers Wednesday that the process that led to developer Kite Realty Group Trust and Hilton being selected for the Pan Am Plaza project was unfair.
As Congress and President Donald Trump's administration aim to lower prescription drug costs, outside groups like the Alliance for Patient Access are seeking to sway the outcome.
