I accidentally knocked her onto the airport floor. “I’m terribly sorry,” I said. “Are you hurt? Let me help you up.” “I’m fine,” she said, rising by herself. “It’s just another of life’s insults.” “I’m so sorry,” I said with true contrition. “Could I get you a coffee or something?” “Something,” she said, “but stronger […]
On the morning of April 2, I spent three hours outside a crowded committee hearing room in the Statehouse, watching and listening to testimony regarding the funding problems of the Capital Improvement Board. Much of the supporting testimony regarded the importance of sustaining and growing Indy’s vibrant downtown. When the hearing was over, I drove […]
The pressure on Indianapolis’ new downtown JW Marriott convention hotel to perform-despite the recession-is about to increase exponentially. The Marion County Capital Improvement Board’s bailout depends on it. CIB, which manages the city’s professional sports stadiums and its convention center, needs to close a $47.4 million annual budget deficit. On April 2, the Indiana Senate’s […]
For more on the role a new downtown hotel will play in CIB’s rescue plan, see Peter Schnitzler’s story in this weekend’s IBJ. The Indianapolis Capital Improvement Board’s finance committee yesterday afternoon recommended slashing an additional $1.1 million from the organization’s budget in an ongoing quest to eliminate an expected $47 million shortfall. The CIB’s […]
A top state senator said yesterday he would likely drop his proposal to double Indiana’s alcohol tax statewide to help fund the agency that runs the major Indianapolis sports stadiums and the Indiana Convention Center. Senate Appropriations Chairman Luke Kenley (R-Noblesville) told The Associated Press that he was probably going to amend his proposal next […]
Indianapolis Economic Development Inc., the group responsible for promoting the growth of Marion County businesses and brokering incentives for new job creation, yesterday reported a 33-percent increase in its results for the first quarter of 2009 compared to the same period a year ago. Despite the recession, IEDI said it participated in 16 projects, resulting […]
Indianapolis Economic Development Inc., the group responsible for promoting the growth of Marion County businesses and brokering incentives for new job creation, yesterday reported a 33-percent increase in its results for the first quarter of 2009 compared to the same period a year ago. Despite the recession, IEDI said it participated in 16 projects, resulting […]
Gen Con, one of city’s biggest annual conventions, has signed a five-year extension with the Indianapolis Convention & Visitors Association for 2011 through 2015. The four-day event held each August attracts almost 30,000 visitors who account for 25,000 hotel room nights and $26.9 million in annual visitor spending. It was the third largest convention in […]
Gen Con, one of city’s biggest annual conventions, has signed a five-year extension with the Indianapolis Convention & Visitors Association for 2011 through 2015. The four-day event held each August attracts almost 30,000 visitors who account for 25,000 hotel room nights and $26.9 million in annual visitor spending. It was the third largest convention in […]
By MARCY GORDON WASHINGTON The chief executive of Goldman Sachs Group Inc. on Tuesday called for new standards on how Wall Street executives are compensated and new regulation of large hedge funds and private equity funds. Lloyd Blankfein, who received compensation valued at nearly $43 million last year, said lessons from the financial crisis include […]
Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 A Statehouse proposal to bail out the group that oversees Indianapolis’ sports facilities is loaded with potential benefits for other cities and counties – but taxpayers could have to open their wallets to pay for some of the perks. A bill moving through the General Assembly […]
Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 A Statehouse proposal to bail out the group that oversees Indianapolis’ sports facilities is loaded with potential benefits for other cities and counties – but taxpayers could have to open their wallets to pay for some of the perks. A bill moving through the General Assembly […]
This morning’s debate about solving the Capital Improvement Board’s $47 million shortfall attracted so many people to the Statehouse that dozens watched the proceedings on television monitors outside Room 431. Sen. Luke Kenley (R-Noblesville) presented a plan that would raise various taxes, including doubling the alcohol tax, increasing hotel taxes and upping the admission tax […]
Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 Indiana’s alcohol tax would be doubled and hospitality taxes would be raised again under a Statehouse plan designed to bail out the financially struggling group that runs the professional sports stadiums in Indianapolis. Sen. Luke Kenley (R-Noblesville) wants to add about 2 cents to the price […]
Sen. Luke Kenley will introduce his plan to solve the $37 million Capital Improvement Board revenue shortfall to area reporters today at 5 p.m. at the Statehouse. But mums the word. Reporters will…
The Indianapolis Convention & Visitors Association said today that it has booked the Chicago-based American Library Association’s 2021 annual midwinter meeting. The group will use every meeting room in the Indiana Convention Center, as well as all meeting rooms in surrounding hotels, ICVA said. The ALA holds its midwinter meeting in January. It is estimated […]
The Indianapolis Convention & Visitors Association said today that it has booked the Chicago-based American Library Association’s 2021 annual midwinter meeting. The group will use every meeting room in the Indiana Convention Center, as well as all meeting rooms in surrounding hotels, ICVA said. The ALA holds its midwinter meeting in January. It is estimated […]
Undaunted, some entrepreneurs still count on franchises, despite the shaky economy.
Hoosiers’ long ride on the gambling gravy train finally may be coming to an end.
Taxpayers are in no mood to hand over additional subsidies to our two for-profit sports teams.
