Owners of downtown towers plan $55M renovation, request $10M tax break
The Gold Building’s exterior overhaul is expected to completely replace the iconic gold panels with “crystal gray” panels from the third floor through the 20th.
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Pharmaceutical manufacturer seeks $6.5M tax abatement for Indianapolis plant
A City-County Council committee on Monday advanced a proposed tax abatement for a pharmaceutical company that plans to spend $72 million to build a new facility near the Indianapolis International Airport.
IBJ Podcast: Can Cook Medical help turn an Indy neighborhood around?
Host Mason King talks with Pete Yonkman, president of Cook Group and Cook Medical, and Ashley Gurvitz, executive director of United Northeast Community Development Corp., about a plan to build a $15 million manufacturing plant in a low-income Indianapolis neighborhood.
Indiana Landmarks helping to preserve historic World’s Fair homes
When the National Park Services launched Indiana Dunes National Lakeshore, as it was known then, in the 1960s, it inherited a number of historic structures, including the World’s Fair homes.
High Alpha launching new firms at torrid rate
The venture firm has been gaining altitude since the venture studio launched in 2015, but with eight tech startups introduced this year, it’s entered a new stratosphere.
Carmel startup harnesses sun to help schools
Sun FundED specializes in providing what amounts to turnkey services for school systems that want to install solar-power systems, but lack either the funds or the know-how to handle it themselves.
Cummins investing in hydrogen power, although path to profitability uncertain
The Columbus-based manufacturer is bullish on hydrogen’s possibilities to power everything from buses, trains and trucks to industrial equipment.
Pandemic exacerbates Salvation Army’s red kettle fundraising woes
This year could be tougher than ever, as already-existing hurdles, such as a decrease in foot traffic and steady decline in how many people carry cash, are exacerbated by COVID-19.
NBA All-Star Game in Indy canceled for 2021, but city gets honors for 2024
Plans for the All-Star Game and related festivities in February at Bankers Life Fieldhouse have been scrapped due to the COVID-10 epidemic.
Hogsett, wife in quarantine after potential COVID-19 contact
Indianapolis Mayor Joe Hogsett and his wife, Steph, had close contact with a person last weekend who subsequently tested positive for COVID-19, according to the mayor’s office.
Entrepreneur plans restaurant, recreational project in Broad Ripple
A local entrepreneur plans to redevelop the former Broad Ripple Steakhouse restaurant site and an adjacent property into a multi-tenant dining concept and outdoor recreation area. The development would utilize numerous shipping containers in its design.
City preparing to open Assessment and Intervention Center next week
Mayor Joe Hogsett’s administration has described the new substance abuse and mental health treatment center as the first of its kind in the state.
Local contractor’s plans for former HHGregg headquarters fall through
Indianapolis-based Deem LLC wanted to use the 28.6-acre campus on East 96th Street for its corporate offices and those of several affiliate companies.
Meat-smoking firm Smoking Goose plans $625,000 investment to fund national expansion
The nine-year-old Indianapolis company, which already employs more than 50 workers, said it plans to add up to 25 more by the end of 2024.
Buckingham withdraws plans for $70M project along Indiana Avenue
A formal withdrawal of project plans was filed Friday, Nov. 20 with the city of Indianapolis, although no reason was offered.
Colts acquire 9 acres of parking properties south of Lucas Oil Stadium
The Indianapolis Colts spent at least $6.3 million to acquire the lots, most of which are vacant and have been used for game parking by third-party vendors since Lucas Oil Stadium opened in 2008.
IBJ Podcast: Can Indy pull off hosting the entire NCAA tourney?
Host Mason King talks with IBJ reporter Mickey Shuey, who has been covering the story, as well as Mark Ganis, co-founder of Chicago-based Sportscorp. Ltd., and Larry DeGaris, a University of Indianapolis professor and sports marketing consultant, about a proposal to have the city host all of the NCAA tournament games.
As colleges retrench, Marian goes on offensive
During a year filled with uncertainty for many industries, including higher education, the small Catholic university is preparing to embark on another ambitious project.
Restaurants: Tighter rules would cause devastation
A surge in coronavirus cases has local restaurateurs fretting that public officials are on the cusp of imposing severe restrictions that they say will force hundreds of local eateries to close.
Storied Rahal race team plans $20M HQ in Zionsville
The facility, set to open in 2022, will consolidate Rahal Letterman Lanigan Racing’s IndyCar operations in Brownsburg and the Ohio operations for the other series the team competes in.