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 […]
Renovating a zoo facility called Monkey Island. Upgrading school toilets so they don’t flush when no one is around. Creating the world’s fastest alternative-fuel vehicle. Turning idle factory space into fish farms. State officials wanted suggestions on how to spend Indiana’s share of federal stimulus money, and they got plenty of ideas. About 9,000 proposals […]
A $21 million construction project kicks off today in Fishers as crews prepare to widen 126th Street from State Road 37 to Olio Road. Actual construction will begin in July. The project is expected to take three years to complete. The project will require crews to replace three bridges, including the bridge over Interstate 69.
Subsidiaries of Toyota Group plan to invest $14.2 million to build a plant in Franklin that would supply the automotive industry with plastic parts. Premium Composite Technology North America is expected to employ 37 workers and begin operations in the spring of 2010. Franklin Mayor Fred Paris welcomed the announcement, citing the roughly $20-an-hour wage […]
Pulte Homes Inc. agreed to acquire Centex Corp. today in a stock-for-stock deal valued at $1.3 billion that will create the nation’s largest homebuilding company. The transaction, which also includes $1.8 billion of debt, will give the combined business a strong liquidity position with more than $3.4 billion in cash as of March 31. The […]
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 […]
Office vacancy rates increased for the fifth consecutive quarter both downtown and in the suburbs, according to the latest statistics from CB Richard Ellis, a sign that the economy continues to take its toll on the local market. The suburban office vacancy rate jumped to 20.27 percent in the first quarter, from 19.52 percent in […]
Evansville officials have a downtown site in mind for a new 11,000-seat arena that they hope to start building this summer. Some business owners located in the two-block area, however, are clear that they want to stay. Much of the property is owned by the O’Daniel family, which operates D-Patrick Ford on the site. The […]
Compared to most of the rest of the state and nation, Indianapolis is an occupational dynamo.
Indianapolis-based Brand Acceleration Inc. has announced an expansion of its service area to include the South-Atlantic and Mid-Atlantic states.
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 […]
In just one year, Indianapolis’ unemployment rate has risen from 4.5 percent to 8.2 percent. But don’t expect local economic development officials to complain too much. Not when 74 of Indiana’s 92 counties have higher unemployment rates than Marion County’s. “When I took this job 15 months ago and the Dow [Jones industrial average] was […]
Indianapolis-area industrial real estate vacancy rates dipped to 7 percent in the first quarter on limited market activity, according to a report issued today by Colliers Turley Martin Tucker. The vacancy rate fell from 7.4 percent at the end of 2008 and from 7.8 percent a year ago. Only 410,00 square feet of space was […]
Undaunted, some entrepreneurs still count on franchises, despite the shaky economy.
The future of Carmel’s Merchants Square mall is uncertain because of the rise of competitors.
PDFs are still a mystery to many business folk, even those who routinely receive them and read them.
A new generation of company leadership is revving the Gene B. Glick Co. and building and buying apartment complexes again.
The hiring of minority- and women-owned
businesses to work on the $275 million Indiana Convention Center expansion is far ahead of state requirements and has surpassed
rates that were registered for the $715 million Lucas Oil Stadium project.
Child’s-Play, a small business that installs playground equipment, has been hurt by the residential construction crunch, but
is surviving by traveling more and providing more maintenance services.
