Buildings on Monument Circle and its immediate surroundings would be protected from demolition and inappropriate alteration under plans being drawn to create a new downtown historic district. The Indianapolis Historic Preservation Commission, a unit of city government, is working on creation of the Monument Circle-Downtown Historic District using $15,000 in funding from the Central Indiana […]
Budget hotel chain Red Roof Inn Inc. has defaulted on $361.4 million of mortgage debt, a rating agency that tracks mortgage defaults said yesterday.The hotel chain fell 30 days delinquent on four securitized loans for which the collateral was 131 Red Roof properties, said Frank A. Innaurato, managing director of Realpoint LLC, a debt rating […]
Indianapolis Mayor Greg Ballard has revised his plan to help the city’s struggling stadium agency out of a projected $47 million deficit for next year. The new proposal to rescue the Capital Improvement Board is similar to others brought to the Indiana Legislature, only this one does not include an additional $13 million in spending […]
The owners of a 1.3-acre parking lot southeast of Meridian and South streets have put the property up for sale, apparently putting an end to the dream…
A look at some features of a budget bill passed by the Indiana General Assembly and signed into law by Gov. Mitch Daniels tonight: – Spends about $27.8 billion over the two-year budget cycle. – Public schools will see an average state funding increase of about 1 percent in the first year and 0.3 percent […]
Mayor Greg Ballard’s administration will be confronting “very difficult decisions” as it attempts to close the Indianapolis Capital Improvement Board’s projected $47 million deficit. “Until I have the cash-flow analysis completed, I can’t fully articulate what those decisions are going to be, but I don’t see any of them being good,” Paul Okeson, chief […]
Mayor Greg Ballard’s administration will be confronting “very difficult decisions” as it attempts to close the Indianapolis Capital Improvement Board’s projected $47 million deficit. “Until I have the cash-flow analysis completed, I can’t fully articulate what those decisions are going to be, but I don’t see any of them being good,” Paul Okeson, chief of […]
Republican Gov. Mitch Daniels and Democratic House Speaker Patrick Bauer don’t agree on much, but both said yesterday they were tired of trying to find ways to help the cash-strapped agency that runs Indianapolis’ sports stadiums and convention center. Daniels said he doesn’t want to see any more legislation to help the Capital Improvement Board […]
A federal agency has filed a lawsuit against shopping mall owner Simon Property Group Inc., alleging it discriminated against Hispanic employees at its Forum Shops at Caesars on the Las Vegas Strip. The Equal Employment Opportunity Commission filed the civil rights lawsuit Tuesday in U.S. District Court in Las Vegas. The suit claims the Indianapolis-based […]
Organizers of the 2009 U.S. Senior Open at Crooked Stick are sinking one birdie putt after another in their efforts to meet
their budget and draw strong crowds to central Indiana later this month. In this economy, sports marketers are calling ticket
and sponsorship sales for the tournament remarkable.
Organizers of the 2009 U.S. Senior Open at Crooked Stick are sinking one birdie putt after another in their efforts to meet their budget and draw strong crowds to central Indiana later this month. In this economy, sports marketers are calling ticket and sponsorship sales for the tournament remarkable. With less than a month until […]
Most of the companies that agreed to help underwrite the 2012 Super Bowl are standing by their commitments even as the recession wreaks havoc on their businesses. Of $25 million pledged by more than 80 companies before last year’s bid process, only about $1 million is at risk, said host committee head Mark Miles. And […]
Legislative sessions that occur during recessions are inherently unsatisfying. With tax revenue pinched, lawmakers are rightfully tightfisted about funding even the most worthy programs, recognizing that, above all, they must not jeopardize the state’s long-term financial health. But the session that concluded June 30 with passage of a two-year budget left an especially bad taste […]
Indiana’s struggling gambling industry didn’t get the relief it sought during the special session of the Indiana General Assembly. But embedded within the budget bill approved June 30 is a provision creating a gambling summer study committee. Its recommendations, due by Dec. 1, may make or break several of Indiana’s casinos.
Most of the companies that agreed to help underwrite the 2012 Super Bowl are standing by their commitments even as the recession
wreaks havoc on their businesses. Of $25 million pledged by more than 80 companies before last year’s bid process, only about
$1 million is at risk, said host committee head Mark Miles.
The legislative session that concluded June 30 with passage of a two-year budget left a bad taste in our mouths. For starters,
legislators lacked the courage to tackle local government reform—even though cash-strapped units of government
desperately need the millions of dollars in savings they would generate. In short, they put political cronyism ahead of the
interests of the state.
In a saturated gambling market, Indiana casinos increasingly rely on expanded entertainment options to
attract patrons. The upshot is that an industry once considered “recession-proof” is asking
the General Assembly for lower taxes and hopes to eliminate expensive regulatory requirements like maintaining engines
and crews.
Plans are in the works for a wine bar called Tastings that would take the first-floor corner space at the Conrad Indianapolis.
The $1 million project would add an entrance to the luxury hotel at the northeast corner of Washington
and Illinois streets and include a total of 80 outdoor seats along both streets, in the shadow of the
Artsgarden.
Plans are in the works for a wine bar called Tastings that would take the first-floor corner space at the Conrad Indianapolis and…
