Preparing for budget crunch, conferences ask NCAA for relief
Five major football conference commissioners have asked the Indianapolis-based NCAA to relax some requirements to compete in Division I for four years.
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Chicago-style pizza chain Lou Malnati’s adding Broad Ripple, Carmel sites
Beloved in the Chicagoland area, the deep-dish chain confirmed to IBJ in March that it planned to enter the central Indiana market with several locations.
Indy-based Knowledge Services acquires Fishers building for new HQ
The company, which provides workforce management services, said it is investing $15.1 million overall to acquire and renovate the 165,000-square-foot building, where it will move 130 employees.
City-County Council allocates $1.1 million to absentee-voting initiative
Mailing absentee ballot applications to Marion County’s nearly 650,000 registered voters is expected to cost $550,000 for the primary. The council also allocated $550,000 for the fall, in case social distancing is still being encouraged at that time.
IBJ Podcast: The pressures of working and parenting at home in a pandemic
Many parents who now work remotely have been forced to manage their duties as employees, spouses and parents all at the same time and all in the same place. Podcast host Mason King asks human resources expert Liz Malatestinic and local families for strategies for staying organized and ahead of potential meltdowns.
New Noblesville mayor makes push to restore Hobbs Station, 10-acre railyard
A planned $1.5 million investment in Noblesville’s historic railyard is designed to draw visitors into downtown, but it also might put the city’s rocky relationship with rail back on track.
Endowment’s largesse targets not-for-profit safety net
Within a week of Indiana’s first confirmed case of COVID-19, the Indianapolis-based endowment granted $15 million to underwrite a new community fund dedicated to helping social service agencies respond to the pandemic.
Virus forces CIB to scale back first phase of $360M fieldhouse renovation project
The Capital Improvement Board is significantly scaling back the first phase of a $360 million Bankers Life Fieldhouse renovation as uncertainty about working conditions and the NBA season have thrown a wrench into the construction schedule.
Owner of Try It Tiny files bankruptcy, dissolves company
The Airbnb concept for tiny houses was dissolved March 23 with more than $765,000 in outstanding business debt.
Area existing-home sales took off in March despite pandemic limitations
Sales of existing single-family homes increased dramatically in central Indiana in March despite a global pandemic that limited house shopping. Meanwhile, tight inventories helped propel the median home price in the region to a record.
With casinos closed, gambling revenue declines drastically in Indiana
Indiana took a major hit in expected gambling revenue during March, not only because of closed casinos, but because the cancellation of major sports events severely limited sports betting.
Carryout just isn’t cutting it for many local restaurants
Some local restaurants trying to stay afloat without dine-in service report sales have plunged by two-thirds or more, raising questions about how much longer they’ll be able to survive.
After Indiana teachers fought for better pay, coronavirus could mean cutbacks instead
The most pressing education issue in Indiana has quickly shifted from increasing teacher salaries to mitigating how much progress students will lose with school buildings shut down through the end of the academic year.
Asbury Automotive furloughs 215 employees at local car dealerships
Asbury, which has eight Indianapolis-area dealerships, said it’s furloughing 2,300 employees across its 10-state operating footprint due to a sharp drop-off in sales and service revenue.
Former Purdue President Steven Beering dies at 87
Under Beering’s 18-year-tenure, Purdue University grew its liberal arts programs, promoted diversity and added 20 major buildings. Enrollment of international students grew threefold to become the largest at any public university.
Indianapolis Symphony Orchestra puts musicians on unpaid furlough, lays off half of staff
The Indianapolis Symphony Orchestra said it has applied for financial relief through the federal Paycheck Protection Program and advised employees to seek unemployment benefits.
Indiana Repertory Theatre sues insurer over rejected claim tied to virus crisis
IRT, the state’s largest not-for-profit professional theater, says its insurer refused to cover a “business interruption” claim tied to the coronavirus crisis.
City reaches tentative deal with developer on Broad Ripple Park community, health center
The Indy Parks and Recreation Department would share space in the $20 million center with Community Health Network. But a new wrinkle potentially stands in the way of the project.
Republic Airways applies for federal funding to keep employees working
The pandemic has been incredibly disruptive for the airline industry, and Republic, a regional carrier, is feeling the pain. The health crisis has led to a “rapid erosion” of Republic’s daily flight schedule.
Crowne Plaza near Indy airport being used as COVID-19 treatment site
State officials declined to provide details on specifically how the hotel is being used—including whether it is a treatment site for homeless individuals—to protect patient privacy.