Despite rising wages, voters as a group lost spending power during 2021 and 2022 due to inflation and high interest rates, and are still facing an uphill battle.
The updated report found that Indiana could bring in between $413 million and $929 million over the first three years of legalization in “average” conditions at different possible tax rates.
More than a year after the original projected completion, the $54 million hotel renovation project shows little evidence of progress. But work behind the scenes continues, the developer told IBJ.
Under the bill, funds raised through the district could be used for capital investments in the geographic area outlined in the district or to support marketing efforts aimed at attracting more visitors to the area.
Six months after human remains were discovered at the site of the future Henry Street Bridge, the city made the finding public in a press release Thursday.
A 26-person contingent comprising state and city officials, not-for-profit leaders and business executives traveled to the tiny city-state Nov. 14-17 to study how the nation has developed land along its waterfront.
The publicly traded firm, which said in June that it would move its operations to the OpenLane Inc. building at 11299 N. Illinois St., sees potential for residential and retail development and different kinds of office uses.
Fabio De la Cruz said if his vision is realized and partners participate as he expects, the total investment in the area could reach $700 million to $1 billion.
Thursday’s report from the Commerce Department said the gross domestic product—the economy’s total output of goods and services—decelerated from its sizzling 4.9% growth rate the previous quarter.
In a sweeping two-year investigation, The Associated Press found goods linked to prisoners wind up in the supply chains of everything from Frosted Flakes cereal and Ball Park hot dogs to Gold Medal flour and Coca-Cola.
Chancellor Donde Plowman called it “intellectually dishonest” for NCAA enforcement staff to pursue infractions cases as if students have no NIL rights or institutions are “willfully violating” a “clear and unchanging set of rules.”
The NBA has contracted with 29 of downtown’s 35 lodging properties, with each committing at least 90% of their inventory at negotiated rates and minimum four-night stays, according to Visit Indy.
The Federal Reserve indicated Wednesday that it’s nearing a long-awaited shift toward cutting interest rates, a sign that its officials have grown confident that they’re close to fully taming inflation.
Brokers are filling vacant retail spaces with corporate parties, personal events and an assortment of fan-focused pop-ups. They hope the crowds will want to return later for a fun night, a nice dinner or even office or residential space.
