Greenwood planning $8M athletics campus along Interstate 65
The unnamed project—still in its early planning stages—could include a multi-use playing field, eight ball diamonds and a splash pad on 40 acres on the city’s southeast side.
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Buttigieg gains backing from Indianapolis mayor
Mayor Joe Hogsett told a few dozen Pete Buttigieg supporters that the presidential candidate has shown an ability to work across party lines and “represents the best of what makes America work.”
Noblesville Schools plans new $14M football, track stadium
The district said the facility will be built behind Noblesville High School on Field Drive, replacing a former transportation building.
Former prosecutor Brizzi to seek GOP nomination in 5th District race
Brizzi, who served as Marion County Prosecutor from 2002 to 2010, is one of 15 Republicans to toss his hat in the ring in Indiana’s 5th Congressional District.
Council Democrats turn down proposal to form special study commission on crime
The Public Safety and Criminal Justice Committee on Wednesday night voted along party lines to reject the Republican proposal, hours before a shooting on the far-east side left four people dead.
Land trust secures final property for nature preserve along White River
The Central Indiana Land Trust Inc. plans to open the 12.2-acre White River Bluffs Nature Preserve in 2021.
Buttigieg, Sanders nearly tied as Iowa caucus results narrow
The race remained too early to call early Thursday with most votes counted. Meanwhile, Tom Perez, chair of the Democratic National Committee, said Thursday that he wants the Iowa Democratic Party to recanvass results of the party’s caucus.
Council committee OKs Hogsett’s tenant-protection initiative
The Public Safety and Criminal Justice Committee on Wednesday night approved the proposals 7-3, with Republicans on the committee voting against them.
400-unit apartment property in Castleton sells for $36.5M
The sale of the 37-year-old complex near Interstate 69 and 82nd Street gives Muesing Management 19 properties in the Indianapolis area.
Town of Speedway announces plans for 25-acre project near I-465
The project is expected to include a 127-room Hampton Inn and conference center, a national grocer, restaurants and retail space, and possibly senior housing and medical offices.
Developer plans eighth floor, 39 more rooms for downtown hotel project
Original plans called for a 99,000-square-foot, seven-story building with 104 Moxy rooms and 102 AC Hotel rooms. The new plan includes 126 Moxy and 119 AC rooms in a structure of just more than 113,000 square feet.
Macy’s to close 125 stores, shed 2,000 corporate jobs
Macy’s said Tuesday it is closing 125 of its least productive stores and cutting 2,000 corporate jobs as the struggling department store tries to reinvent itself in the age of online shopping. The store closures represent about one-fifth of Macy’s current total. They include about 30 that are in the process of closing and account […]
Simon Property holds deal talks with Taubman, sources say
The talks come as a wave of retail bankruptcies squeeze mall-oriented real estate investment trusts, putting pressure on the industry to consolidate.
Cummins sees 4Q sales drop, expects bigger revenue decrease this year
The Columbus-based engine-maker said it expects sales to drop another 8% to 12% in 2020, it expects its full-year 2020 revenue to decline between 8% and 12%, mostly because of lower truck production in North America, Europe, China and India
Century-old Diamond Chain downtown plant with 240 employees set for closure
New owner Timken Co. plans to consolidate the local plant’s operations in Illinois. Diamond Chain was founded in 1890 as the Indianapolis Chain & Stamping Co., originally to produce chains for the nation’s fast-growing bicycle industry.
Charter operator spending $10M to relocate elementary school to former warehouse
Paramount Schools of Excellence bought the 55,000-square-foot building in the Cottage Home neighborhood for about $3.2 million.
Simon Property’s fourth-quarter performance exceeds expectations
The Indianapolis-based shopping mall giant topped analyst predictions for funds from operations and revenue in the latest quarter.
Carmel council members seek answers over hotel’s cost overruns
A double-barrel audit may be the next step in scrutinizing why Carmel’s boutique hotel project, The Hotel Carmichael, is about $20 million over its original budget.
Indiana push for pregnant worker protections gets sidelined
The proposal faced opposition from some business groups, including the Indiana Chamber of Commerce and the Indiana Manufacturers Association.
Amazon plans new Indianapolis-area distribution facility with up to 1,000 employees
The Seattle-based e-commerce company plans to use a 660,384-square-foot building that’s already under construction for an an “inbound cross dock” center.