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Indy’s hotel pipeline remains strong despite strains of pandemic

July 23, 2021 | Mickey Shuey

None of the projects in Indy’s central business district has definitively been canceled since the pandemic began, IBJ research has found. In fact, three new downtown properties have opened since last December, with another three scheduled to debut later this year.

Big acquisition gives Kite Realty Group new markets, more clout for future growth

July 23, 2021 | Mickey Shuey

But the real estate investment trust might also face pushback from investors, largely because the acquisition follows five years of offloading dozens of debt-heavy properties.

HAHN: Consumers must learn to spot manipulative practices online

July 23, 2021 | Jalene Hahn

Bringing manipulative and harmful practices to light will help all of us protect ourselves.

U.S. economy surpasses pre-pandemic size with 6.5% second quarter growth

July 29, 2021 | Associated Press

For all of 2021, the economy is expected to expand perhaps as much as 7%. If so, that would be the strongest calendar-year growth since 1984.

Report calls Carmel’s Hotel Carmichael financing process ‘deeply flawed’ but legal

July 30, 2021 | Kurt Christian

City Council President Sue Finkam issued a report analyzing the hotel’s $18.5 million in overruns and recommending changes in the way the council and Carmel Redevelopment Commission communicate.

Colts, city submit interest in hosting NFL draft, keeping combine in Indy

July 30, 2021 | Mickey Shuey

The submissions—which are forerunners to formal bids—detail the city’s interesting in hosting the NFL scouting combine from 2023 to 2027 and the the draft in either 2025 or 2027.

Worker pay rises as businesses fight to fill jobs

July 30, 2021 | Associated Press

In the year ending in June, wages and salaries jumped 3.5% for workers in the private sector, the largest increase in more than 14 years. That increase was driven by sharp rise in pay for restaurant and hotel workers of more than 6%.

Indianapolis International Airport adds nonstops, tries to attract more routes

July 30, 2021 | Mickey Shuey

The airport has added nearly 20 nonstop routes since the start of the year, a number that’s still shy of pre-pandemic levels but is a sign of recovery, at least in leisure travel.

Mike Lopresti: Victory Field celebrates 25 years with unusual season

July 30, 2021 | Mike Lopresti

But I’m starting to feel like my old self. I know things are getting back to normal when I feel peanut shells being crunched on my walkways. Funny, the things you miss.

Tsunami of deferred debt is about to hit homeowners no longer protected by a foreclosure moratorium

August 1, 2021 | The Washington Post

Congress approved $10 billion in federal assistance to help homeowners pay off debt, but the program is moving so slowly that protections are expiring before states have figured out how to distribute the money.

IBJ Podcast: Indy Chamber’s shift in focus pays dividends

August 2, 2021

Guest host Lesley Weidenbener interviews Indy Chamber CEO Michael Huber and the group’s director of economic development, Vincent Ash, about the programs that won it Chamber of the Year honors.

Carmel council’s harassment investigation won’t include details of city settlement

August 3, 2021 | Kurt Christian

The Carmel City Council voted Monday to continue its investigation into allegations that former city attorney Doug Haney harassed a city employee without including detailed information from the city’s settlement with the complainant.

Across from Bottleworks, contractor planning kindred project in Jungclaus campus

August 3, 2021 | Mickey Shuey

The owner of several buildings across Massachusetts Avenue from Bottleworks plans to redevelop the property in a similar but limited fashion with courtyards, residential units and new office and retail space.

Carmel council accepts criticisms, recommendations in Hotel Carmichael report

August 3, 2021 | Kurt Christian

The document criticizes the way the city’s administration and Carmel Redevelopment Commission handled the hotel’s construction and how it announced the project’s $18.5 million in cost overruns.

Food giant Tyson to require vaccination for all U.S. workers

August 3, 2021 | Associated Press

In a memo to employees, CEO Donnie King expressed alarm over the rise of the more contagious delta variant and made clear the vaccine requirement was needed to overcome persistent hesitancy to get the shots.

NCAA probe finds ‘systemic’ gender disparities, recommends combined basketball Final Four

August 3, 2021 | The Washington Post

The review, commissioned by the NCAA in the wake of an uproar over inferior facilities at the women’s basketball championships, offers a detailed accounting of the ways systemic inequities can disadvantage women athletes and constrain the growth of women’s sports.

U.S. added 943,000 jobs in July in bigger-than-expected hiring surge

August 6, 2021 | Associated Press

The unemployment rate dropped to 5.4% in another sign that the U.S. economy continues to bounce back with surprising vigor from last year’s coronavirus shutdown.

Carmel-based firm uncovers three separate cases of employee fraud

August 6, 2021 | Susan Orr

Maria Caceres, a former employee of Seven Corners Inc., stands accused of defrauding the travel insurer by submitting false claims—the third employee to face such charges within two years in separate cases.

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