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Competition to land sports events, big conventions stiffens as other cities build stadiums

November 11, 2022 | Mickey Shuey

Officials in Nashville say they plan to pursue some of the events that take place in Indianapolis now that the city is planning to build a $2.1 billion, 60,000-seat enclosed stadium.

Flying home for holidays likely to cost travelers much more this year

November 14, 2022 | Associated Press

Airline executives say that based on bookings, they expect huge demand for flights over Thanksgiving, Christmas and New Year’s. Travel experts say the best deals for airfares and hotels are already gone.

Measure of U.S. wholesale inflation eases to 8%

November 15, 2022 | Associated Press

The annual figure is down from 8.4% in September. On a monthly basis, the government said Tuesday that its producer price index, which measures costs before they reach consumers, rose 0.2% in October from September.

Indy airport board investigating feasibility of connected hotel

November 23, 2022 | Mickey Shuey

The approval of such a study marks the first substantive step in the airport authority’s consideration of a hotel—which would sit on the west side of the existing terminal garage—since the terminal opened in 2008.

Mark Montieth: Road sweet road

December 2, 2022 | Mark Montieth

Still, NBA road trips are far more grueling than in other professional sports. Teams play four, five, even six or seven games in a row, hopscotching from city to city.

Lesley Weidenbener: Fort Wayne turns up the coolness factor

December 2, 2022 | Lesley Weidenbener

Electric Works is a massive redevelopment of a 39-acre historic campus in the core of Fort Wayne that housed General Electric Co. until it closed in 2014.

City considering additional $25M in funding for Pan Am Plaza project

December 6, 2022 | Mickey Shuey

The $550 million project includes a $125 million expansion of the Indiana Convention Center, as well as an 800-room hotel being developed by local developer Kite Realty Group Trust. A second 600-room hotel is planned for a later phase of the project.

Hoosier consumer advocates ask feds to probe regional energy operator

December 6, 2022 | Leslie Bonilla Muñiz, Indiana Capital Chronicle

An Indianapolis-based ratepayer protection group has asked federal regulators to audit spending by a Carmel-based energy transmission system operator for an annual meeting at luxury resort 600 miles beyond its service territory.

As supply chains unclog, consumers enjoy (tentative) relief

December 7, 2022 | Associated Press

The main factor behind the improvement has been diminished demand for manufactured goods. Spending on goods has fallen for three straight quarters, according to the Commerce Department.

MDC approves $25M in extra funding for Pan Am Plaza redevelopment

December 7, 2022 | Mickey Shuey

The approval allocates $25 million from the city’s downtown tax-increment financing district to pay for the acquisition of the basement level of the project from developer Kite Realty Group Trust, which plans to build an 800-room hotel and an addition to the Indiana Convention Center.

Dora submits plans for Tru by Hilton hotel along U.S. 31 in Carmel

December 8, 2022 | Daniel Bradley

The Fishers-based hotel developer and manager and Indianapolis-based American Structurepoint filed plans to build a five-story, 126-room hotel on 1.13 acres at 12164 N. Meridian Street.

CIB approves another $50M in funding for growing Pan Am Plaza project costs

December 9, 2022 | Mickey Shuey

The additional financial support will come from the Capital Improvement Board’s fund balance, which was bolstered in October with $50 million in revenue replacement funds through the federal American Rescue Plan Act.

Pace of wholesale inflation in U.S. shows 5th straight slowdown

December 9, 2022 | Associated Press

The latest year-over-year figure was down from 8% in October and from a recent peak of 11.7% in March.

Diminished U.S. workforce could lead Fed to keep interest rates high

December 12, 2022 | Associated Press

In a recent speech, Federal Reserve Chair Jerome Powell pointed to the shortfall of workers and the resulting rise in average pay as the primary remaining driver of the price spikes that continue to grip the economy.

Key inflation gauge sees smallest monthly rise in more than year

December 13, 2022 | Bloomberg News

The report, the last of 2022, points to inflation that—while much too high—is beginning to ease.

Fed set to extend inflation fight with 7th rate hike of 2022

December 14, 2022 | Associated Press

The six rate hikes the Fed has already imposed this year have raised its key short-term rate to a range of 3.75% to 4%, its highest level in 15 years.

Fed raises key rate by half-point, signals more hikes to come

December 14, 2022 | Associated Press

Consistent with a sharp slowdown, Fed officials projected that the economy will barely grow next year, expanding just 0.5%, less than half the forecast it had made in September.

Downtown heliport expected to remain open at least through February

December 16, 2022 | Mickey Shuey

The Indianapolis Airport Authority said it hopes to receive tentative approval to decommission the facility at 51 S. New Jersey St. by the end of February. It is working with the Federal Aviation Administration to secure the designation, which is crucial for future redevelopment of the site.

Mark Montieth: Indiana Basketball Hall of Fame to be expanded

December 16, 2022 | Mark Montieth

Construction has begun on an expansion that will add 6,600 square feet to the facility, with 2,600 of that devoted to museum space.

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