IndyGo purchases former Celadon offices for $3M
The east-side site, at 9503 E. 33rd St., will serve as an additional location for IndyGo, which has outgrown its current West Washington Street headquarters.
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IBJ Podcast: Can IU keep Tom Allen as elite schools come knocking?
Headed for the Outback Bowl, the football program finds itself in an unusual position after years as the Big Ten’s doormat. One could argue that IU needs coach Tom Allen right now a lot more than Tom Allen needs IU.
Planned Noblesville bypass can’t seem to avoid controversy
Officials are leaning toward choosing a path that cuts through the property of a major employer, in order to avoid the route that would pass through a historic district. The employer is threatening to leave the city.
Pandemic prompts developer to reassess what to build next at Bottleworks District
Hendricks Commercial Properties has begun preliminary discussions on phase two, but hasn’t decided whether to stick with its original plan that emphasized office space.
Lawmakers seek to shield businesses from COVID lawsuits
Several state lawmakers have been drafting coronavirus immunity legislation over the past several months as efforts in Congress to pass federal legislation have stalled.
Can IU keep Coach Allen when big schools call?
The much-beloved leader of the No. 7-ranked Hoosiers has become the hottest coaching commodity in college football, and the headhunters are circling.
Cummins to pay $4.5M for Greenwood site in revision to firm’s deal with city
Cummins announced last year that it planned to build a $35 million office building at the corner of Interstate 65 and County Line Road, but the pandemic has the engine maker rethinking how to best use that site.
Central Indiana homebuilders continue biggest year since 2006
Builders in the nine-county Indianapolis area filed 694 single-family building permits in November, up 47% from the same month of 2019.
State tax revenue outlook better than lawmakers expected, but cuts still possible
According to a revenue forecast presented to the State Budget Committee on Wednesday morning, tax receipts for the state’s general fund—essentially its main checking account—will total $34.95 billion for the next two-year budget, which will start in July.
U.S. Supreme Court agrees to hear NCAA athlete compensation case
The U.S. Supreme Court on Wednesday agreed to review a court decision that the NCAA has said blurred “the line between student-athletes and professionals” by removing caps on education-related money certain football and basketball players can receive.
Lilly acquiring gene therapy startup for up to $1 billion
Eli Lilly and Co. on Tuesday announced that it is buying New York-based Prevail Therapeutics Inc., an emerging player in the sizzling-hot area of gene therapies, which targets Parkinson’s disease and other brain-related maladies.
Photos: Bottleworks Hotel opening Tuesday
The 139-room hotel will be among the first components of the $300 million Bottleworks District to open. Additional tenants—including retailers, restaurants and entertainment-focused businesses—will begin opening early next year.
Simon Property reversing pandemic-related executive pay cuts
Indianapolis-based shopping mall giant Simon Property Group will reinstate the pay of executives and board members who had been working under pandemic-related pay cuts since spring, the company announced Monday.
IBJ Podcast: Lawmakers in sticky situation making state’s next budget
Host Mason King talks with IBJ Statehouse reporter Lindsey Erdody about what legislative leaders are saying about the budget, which state programs could be on the chopping block and what spending the Republican-majority will prioritize.
Environmental work almost completed on former stamping plant property
Officials said remediation efforts are in their final stages, with final certification expected in the next few weeks. Elanco Animal Health Inc. plans to build a $100 million headquarters on the site.
Vaccines roll out as officials share months-long timeline for immunization effort
Federal officials hope to have given both of the required vaccine doses to 100 million people by the end of March. It could take two to three more months to immunize enough people to prompt herd immunity.
Colts capacity reduced to 10,000 for next home game
It’s unknown whether the health department will institute the same restriction for the Big Ten Football Championship game, scheduled to take place the day before the Colts game.
COVID puts Legislature in fiscal vise in upcoming budget session
Leaders promise K-12 education will be the top priority, but they also acknowledge that every line item in the spending plan is at risk of cuts.
Dinner at Governor’s Residence, $25M land purchase helped snag Elanco HQ
The state’s pitch to keep Elanco Animal Health Inc. in Indiana for the long term began with a dinner at the Governor’s Residence two years ago.
Little about the next legislative session will be normal—maybe not even when it starts
Republican leaders are confident the General Assembly can meet safely and still let the public have input, but Democrats are skeptical.