Area homebuilders see applications sink for first time this year
Permit filings had been on the rise in nine of the last 10 months before pandemic-related issues finally took a toll on numbers last month.
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Mass Ave Toys closes after 14-year run
The owner, who has operated toy stores for more than 40 years, said she closed the shop so she could retire.
Indiana’s K-12 schools won’t face state funding cuts, Holcomb says
Gov. Eric Holcomb and state lawmakers have agreed to move forward with the current budget, he said during a scheduled video conference. That includes maintaining the planned $183 million increase in school funding.
Area existing-home sales sank 23% in May as prices hit all-time high
May’s sales decline in the 16-county central Indiana area came on top of a 16.8% year-over-year decrease in April.
Carmel City Council OKs more than $27M for developer bonds, tax shortfall
The Carmel City Council approved bonds for four development projects and covered a property-tax shortfall at its Monday meeting.
City partnership aims to reimagine public safety in Indianapolis with community’s help
The goal of the partnership with the Criminal Justice Lab at the New York University School of Law is to create a new community-driven and community-monitored vision of criminal justice in Indianapolis.
Simon Property, Brookfield, Authentic Brands in talks to buy J.C. Penney
Authentic and Simon Property Group also are in discussions with Brooks Brothers Inc. on a joint bid that would be part of a potential bankruptcy filing by that clothing retailer.
Lilly testing third potential treatment for COVID-19
The Indianapolis-based drugmaker said it is launching a global trial for the anti-inflammatory drug baricitinib, which it launched two years ago to treat moderately to severely active rheumatoid arthritis.
Children’s Museum, Newfields, Zoo, Eiteljorg announce reopening plans
Several of the city’s largest cultural attractions are rolling out plans to reopen after long closures during the pandemic.
Indianapolis officials wait to green-light school reopenings
Marion County Public Health Department Director Virginia Caine said she is “very optimistic” that schools will be able to reopen, and she aims to have a definitive answer by July 15.
Carmel’s Clay Terrace loses seafood restaurant, Italian eatery
Carmel outdoor shopping center Clay Terrace has two sizable restaurant spaces to fill after the closures of Mitchell’s Fish Market and Biaggi’s Ristorante Italiano.
Union 525 investors plan 160-unit downtown apartment project, parking garage
The investor group behind Union 525 is proposing another expansion to the tech incubator’s downtown Indianapolis corporate campus, this time with plans to construct a nine-story apartment building and a 700-space parking garage on an nearby lot.
Indy Council passes resolution declaring racism a public health crisis
The council on Monday night also approved the mayor’s plan to to immediately deploy nearly half of the $168 million it has received in federal coronavirus relief funds to help residents and businesses that have been affected by the pandemic.
Anthem pledges $50M for racial injustice, health inequities programs
Indianapolis-based health insurer Anthem Inc. and its charitable foundation said the investments will reinforce long-standing partnerships with national and community organizations “that are working tirelessly to combat systemic racial inequality and health inequities.”
Brothers to funnel $4.5M into companies stung by pandemic
Sensing an investment opportunity—and a chance to do good—the four Litt brothers have set aside for investment a portion of the $40 million they reaped from the 2019 sale of their transportation-management firm, Reliable Source Logistics.
Pandemic fuels sales surge for bike shops
Bike shops are benefiting as the public thirsts for something that will roll away the lockdown monotony and provide a little exercise.
Pandemic, violence put Indy downtown at crossroads
The one-two punch of the pandemic and protest-related violence raises questions about whether downtown can recover. Experts and community leaders say yes—but only with concerted effort and strong leadership.
Scrappy WISH-TV throws passion, resources into covering chaos
WISH usually has one crew on Saturday nights, but on May 30, it had four. WISH went live outside its normal newscasts more than any other station—which is easier for it to do than any other station because it lacks a major network affiliation.
CIB sees revenue dip by 50%, as officials hope for late-summer surge
With no new business in April and downtown hotel occupancy stuck below 8% since late March, the agency overseeing the Indiana Convention Center and Lucas Oil Stadium has seen revenue crater.
Indiana State Fair called off this year over pandemic concerns
Organizers said the event will be replaced with a modified State Fair 4-H Livestock Show featuring additional activities.