Roiled by pandemic, not-for-profits cut back, shift missions
Seventy percent of not-for-profits in Indiana have reduced programs or limited capacity since the coronavirus pandemic hit the state, according to a recent report.
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Simon Property-backed venture makes offer to buy Brooks Brothers
Under the terms of the agreement, the Simon-back venture intends to purchase substantially all of the iconic retailer’s global business operations as a going concern. It has committed to acquiring at least 125 Brooks Brothers retail locations.
IndyGo seeks $25.8 million bond to purchase 27 hybrid buses
The Indianapolis City-County Council’s Municipal Corporations Committee voted 7-2 Wednesday night to advance the proposal to the full council.
NCAA football oversight committee asks board for time on fall sports
The NCAA football oversight committee is asking the association’s Board of Governors to avoid making a decision soon on whether to conduct fall championships, “so that conferences and schools may have ample latitude to continue to evaluate the viability of playing football this fall.”
City-County Council committee approves $5.3M bond for library upgrades
The money would be directed toward needs at the West Perry, Pike and Nora branches, plus the library’s Center for Black Literature and Culture digital project.
Ivy Tech breaks ground on $14M automotive tech center in International Marketplace
The center will move operations from a building it has operated in for several years at 1331 E. Washington St.
UPDATE: Holcomb to mandate mask usage statewide
Indiana Gov. Eric Holcomb on Wednesday said he would pass a statewide mask mandate because of a recent rise in the COVID-19 positivity rate.
Kite Realty sues Oceanaire, Mattress Firm over rent disputes
In both of the suits, Indianapolis-based Kite claims that the retail tenants are in default on their leases because they didn’t pay rent in April, May or June.
Indy 500 blackout lifted; 500 Festival Parade, other events called off
The decision to allow local fans to watch the race live comes one day after Indianapolis Motor Speedway officials announced plans to reduce attendance capacity for this year’s race to 25%.
Democratic lawmakers call for special session, but House speaker says it’s not needed
The Indiana Senate Democratic Caucus, Indiana House Democratic Caucus and Indiana Black Legislative Caucus announced Tuesday during a press conference that they want lawmakers to come back to Indianapolis in August.
Indy 500 to run with crowds at 25% of capacity
Officials said that ticket sales for the Aug. 23 race will not be permitted after Friday, which could further limit the number of people who attend the 104th running of the Indy 500.
Lilly seeking $23.8M tax break to expand diabetes research, production
In the past seven years, the drugmaker has received tax breaks worth nearly $40 million in exchange for investing more than $500 million at its Indianapolis properties.
Fishers opening 33-acre AgriPark to the public starting next week
Described by city officials as the largest park in the country dedicated to a working farm, the 33-acre Fishers AgriPark at 11171 Florida Road is designed to offer an agricultural experience and educational opportunities about food production.
Developer streamlines plans for mixed-use project on Speedway’s main drag
The $6 million project is expected to feature retail space on the first floor—already fully pre-leased—along with apartments on the second floor and condominiums on the third.
Fishers council approves $16M financing plan for Geist Waterfront Park’s first phase
The lone council member to vote against the plan questioned whether now is an appropriate time to commit more money to a “nice-to-have” project.
David’s Tea closes Fashion Mall store, exits U.S. market
The struggling Canada-based retail chain is closing all 42 of its stores in the United States as it restructures its finances.
Subaru pressing ahead with plans for $158M expansion in Lafayette
The automaker, which announced its expansion plans just weeks before COVID-19 began disrupting the economy, says the project won’t be affected by the pandemic.
IBJ Podcast: Indy’s top doc on the COVID response, masks, contact tracing, second wave
Dr. Virginia Caine, one of the key interpreters of data and shapers of policy in Marion County, discusses the frustrations and challenges of combatting a pandemic and shares her blunt message for those who won’t follow the recommendations.
Area builders see big jump in home-construction applications
After a slowdown in May, applications for home construction permits made a solid rebound in the Indianapolis area in June despite the pandemic.