The board carries $56 million in liability insurance for its facilities, including a $1 million general liability policy and a $55 million umbrella policy.
CEO Jim Hallett predicts that 2019 will be the peak year for brick-and-mortar auto auction volumes, but company officials aren’t sitting around wringing their hands and wishing for the past.
Real estate developers and experts suspect the firm couldn’t get access to enough capital to move forward with the massive, 103-acre development. Opinions are mixed on whether the site should remain intact or be split into multiple projects.
The past-its-prime Wi-Fi system at the Indiana Convention Center could get a big boost in 2020, as its owner looks to make $5.7 million in enhancements to the venue.
The outcome raises the possibility that former defendants will retaliate and seek the fees and costs they incurred when Richard Bell filed lawsuits against them.
The owner of Taste plans to reopen early next year in a new space within a mile of the former restaurant at 52nd Street and College Avenue.
Louisville-based Investment Property Advisors is planning 279 additional units and more than 28,000 square feet of retail space just south of its 9 on Canal project, to be dubbed 350 West.
In 1914, Charles Brenner started manufacturing his first products—fiber board suitcases and traveling bags—in a factory on the south side of Indianapolis. A sign now posted inside Brenner Luggage’s last retail location says it’s closed permanently.
Cole and sister Monica Peck took over the business in 2008 from their parents, just as the Great Recession was gathering steam. They more than doubled their sales after the “Sisters of Savings” radio ad campaign began.
Through a series of developer partnerships that included $53 million in private funding, more than $90 million worth of new buildings and infrastructure improvements have been added along or near North Green Street.
The transit system is in the early stages of a plan to gather data on the employers and schools along its bus lines and develop specific pitches to persuade their employees or students to ride—and maybe cajole the employers to subsidize the cost.
The city has spent the past several years remediating the former railyard site and marketing it for potential development.
Plans for the development include a 220-room hotel and 32 residential units. The addition would boost the existing historic building from four to 26 stories.
When students are recorded as leaving for home schools in Indiana, they’re left out of a school’s graduation calculations, as though they never attended at all.