Developers make $27M in bond requests from Carmel to spur multiple projects
The Carmel City Council on Monday voted to send developer-backed bond requests for four major real estate projects to the city’s Land Use Committee for further review.
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MHG Hotels sues insurer for claim denial as pandemic-related losses climb
A local hotelier expects to lose more than $20 million from declines in travel tied to the coronavirus pandemic, according to a lawsuit filed against its insurer earlier this month.
Downtown steakhouse joins list of restaurants permanently closing
The Facebook page for the upscale restaurant lists the location as “permanently closed.” It has been removed from the company’s online list of restaurants, and its local phone number no longer works.
IBJ Podcast: Holcomb campaign faces peril of managing COVID crisis in public spotlight
On one hand, Holcomb has the opportunity to show voters how he can handle a dire crisis. On the other hand, if he miscalculates how quickly the state should reopen, it’ll be in front of millions of voters with a deep, vested interest.
J.C. Penney files for bankruptcy, plans to close some stores
The 118-year-old retailer was struggling long before the public health crisis forced it to temporarily shutter all of its stores.
Grand Park set to reopen, launches study to gather feedback
The Grand Park Sports Campus in Westfield has a preliminary plan to begin reopening on May 24, but it wants to make sure the public is OK with the steps it is taking to reactivate youth sports.
Finance vets angle for control of Protective Insurance
The business—formerly Baldwin & Lyons Insurance—is one of central Indiana’s oldest public companies.
Crisis puts Holcomb center stage—and that comes with risks, rewards
According to a recent poll conducted by Indy Politics and Change Research, 63% of Hoosiers say they approve of how Holcomb has responded to the pandemic, and 54% say the state is headed in the right direction. But Holcomb’s overall approval rate—at 47%—trailed the numbers for his handling of the coronavirus crisis.
Indiana credit unions pursue growth by buying banks
The banking industry, which argues that credit unions’ tax-exempt status gives them an unfair edge, objects to the trend.
Area homebuilders saw applications rise in April despite pandemic limitations
Applications for home construction permits rose 5% in the Indianapolis area in April, marking the ninth monthly increase in the past 10 months on a year-over-year basis.
Gym owners sweating over whether patrons will return
The fitness industry faces lingering uncertainty about the health risks of the traditional gym, with its shared treadmills and sweaty saunas, as well as the ongoing disruption to a business model that values routine and repetition above all else.
Broad Ripple sports bar calls it quits after 30 years in business
Nicole Harlan-Oprisu, who co-owns Old Pro’s Table and several local restaurants, previously told IBJ that business has been difficult during the pandemic.
UPDATE: An estimated 186,000-plus Hoosiers have or had COVID-19, new study says
Study results released Wednesday by the Fairbanks School of Public Health at IUPUI also indicate that 44% of people who get COVID-19 show no symptoms.
UPDATE: Marion County to ease stay-home order Friday, with several restrictions
Indianapolis Mayor Joe Hogsett on Wednesday said he will begin easing Marion County’s pandemic stay-at-home orders on Friday but with several major exclusions not found in the state’s reopening plan.
Holcomb asks Supreme Court whether AG Hill’s suspension creates vacancy for him to fill
Holcomb’s petition also challenges Curtis Hill’s decision to appoint his chief deputy to serve in his absence.
Area existing-home sales sank 16.8% in April amid pandemic limitations
Amid the big decline in sales, prices hit record highs in central Indiana, according to the MIBOR Realtor Association.
Former downtown correctional facility up for sale as neighborhood takes off
Real estate sources told IBJ the land likely would sell for at least $1 million per acre because of its proximity to the heart of downtown, where sizable redevelopment opportunities are scarce.
Simon shares rally after firm lays out reopening plans, pledges to pay a dividend
CEO David Simon said the company is continuing to work closely with its tenants but declined to discuss how it is assisting those that have faced financial strains from limited or diminished operations.
Discount retailer with 8 central Indiana stores files for bankruptcy, seeks buyer
Store closures due to the coronavirus crisis undermined the department store chain’s parent company and its ability to get financing to continue operations.
Restaurants reopen for dine-in service with restrictions but cautious optimism
Restaurateurs didn’t know what to expect early Monday, but patrons likely will see staff members in masks, tables spread at least six feet apart and rigorous cleaning protocols.