The three hotels at the intersection of Interstates 70 and 465 have nearly 500 rooms between them. The largest, a Marriott that serves as an overflow hotel for big downtown events, is slated for a renovation that could run between $10 million and $20 million.
Bert Whalen and his Oceanpointe Property Management used fake leases to dupe investors into buying run-down rental properties in Indianapolis, according to an indictment made public Friday. No charges have been disclosed against his partner, former “Fox and Friends Weekend” host Clayton Morris.
The California-based company’s local franchisee is shopping for sites downtown and across central Indiana. Also this week: Best Friends Pet Hotel, Mission 27 Resale, Rize and Dr. Tavel.
The average season-ticket price for 2020 will rise 2.9 percent, according to the Indianapolis Colts, but about two-thirds of the tickets will be priced the same or less.
The acquisition of Hulman & Co. will give Penske Corp. control of about 37% of all the land in Speedway, making the company the town’s single-largest landowner. Roger Penske said he wants to take advantage of that land.
Visit Indy, which isn’t involved in the Pan Am negotiations, is in “somewhat of a holding pattern until we have the exact details finalized and presented to us,” Vice President Chris Gahl said.
Despite IndyCar’s modest progress in recent years, it still faces significant obstacles, including the need for more corporate sponsorships, a broader fan base and higher TV ratings.
The outcome of Tuesday’s local elections will also decide whether a new casino can be built in Terre Haute and the fate of several school district construction and security improvement proposals.
All four projects are worthy of funding. But what makes them special as a group is that they will serve such a diverse group of people—tech workers and startups, ex-offenders, homeless families and the African American community—while enhancing all of Indianapolis.
The hospital system’s 45-year-old campus will likely need hundreds of millions of dollars in upgrades in coming years to keep it competitive long term.
Pacers Sports & Entertainment hopes to pin down a new multimillion-dollar sponsorship deal before the first phase of a $360 million renovation to the venue begins next summer.
Indianapolis Mayor Joe Hogsett said Tuesday that the city intends to use New Markets Tax Credits from the U.S. Department of the Treasury to support development projects involving the Madam Walker Legacy Center, the Wheeler Mission Center for Women and Children and two other groups.
Acapulco Joe’s, 365 N. Illinois St., has been acquired by Ezequiel Fuentes, who owns or co-owns nine other Mexican restaurants in the region, including one in Zionsville. It will close for a couple of weeks for renovations.
Here’s a roundup of all of the state school districts that will put a tax increase on the ballot in November, including a couple of school districts with both construction and operational referendums.
The decision came just a week after Butler announced it had raised $171 million from 27,000 donors during the “quiet phase” of its largest-ever fundraising campaign.
Turning a former German social club and gym into the offices of a medical claims management organization and international travel insurance company was no small order—especially because the building had to remain more-or-less true to its original form to qualify for the federal Historic Tax Credit program.
