Cummins investing in hydrogen power, although path to profitability uncertain
The Columbus-based manufacturer is bullish on hydrogen’s possibilities to power everything from buses, trains and trucks to industrial equipment.
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NBA All-Star Game in Indy canceled for 2021, but city gets honors for 2024
Plans for the All-Star Game and related festivities in February at Bankers Life Fieldhouse have been scrapped due to the COVID-10 epidemic.
Hogsett, wife in quarantine after potential COVID-19 contact
Indianapolis Mayor Joe Hogsett and his wife, Steph, had close contact with a person last weekend who subsequently tested positive for COVID-19, according to the mayor’s office.
Entrepreneur plans restaurant, recreational project in Broad Ripple
A local entrepreneur plans to redevelop the former Broad Ripple Steakhouse restaurant site and an adjacent property into a multi-tenant dining concept and outdoor recreation area. The development would utilize numerous shipping containers in its design.
City preparing to open Assessment and Intervention Center next week
Mayor Joe Hogsett’s administration has described the new substance abuse and mental health treatment center as the first of its kind in the state.
Local contractor’s plans for former HHGregg headquarters fall through
Indianapolis-based Deem LLC wanted to use the 28.6-acre campus on East 96th Street for its corporate offices and those of several affiliate companies.
Meat-smoking firm Smoking Goose plans $625,000 investment to fund national expansion
The nine-year-old Indianapolis company, which already employs more than 50 workers, said it plans to add up to 25 more by the end of 2024.
Buckingham withdraws plans for $70M project along Indiana Avenue
A formal withdrawal of project plans was filed Friday, Nov. 20 with the city of Indianapolis, although no reason was offered.
Colts acquire 9 acres of parking properties south of Lucas Oil Stadium
The Indianapolis Colts spent at least $6.3 million to acquire the lots, most of which are vacant and have been used for game parking by third-party vendors since Lucas Oil Stadium opened in 2008.
IBJ Podcast: Can Indy pull off hosting the entire NCAA tourney?
Host Mason King talks with IBJ reporter Mickey Shuey, who has been covering the story, as well as Mark Ganis, co-founder of Chicago-based Sportscorp. Ltd., and Larry DeGaris, a University of Indianapolis professor and sports marketing consultant, about a proposal to have the city host all of the NCAA tournament games.
As colleges retrench, Marian goes on offensive
During a year filled with uncertainty for many industries, including higher education, the small Catholic university is preparing to embark on another ambitious project.
Restaurants: Tighter rules would cause devastation
A surge in coronavirus cases has local restaurateurs fretting that public officials are on the cusp of imposing severe restrictions that they say will force hundreds of local eateries to close.
Storied Rahal race team plans $20M HQ in Zionsville
The facility, set to open in 2022, will consolidate Rahal Letterman Lanigan Racing’s IndyCar operations in Brownsburg and the Ohio operations for the other series the team competes in.
How four area restaurants are coping with pandemic slowdown
Eateries are digging deep and thinking creatively to try to hang on. IBJ looks at the strategies employed by Beholder, Shapiro’s Delicatessen, Gomez BBQ and Azzip Pizza.
Tinker Street owner puts closed restaurant up for sale
Owner Tom Main, 63, said he contacted a broker to put the business on the market. The asking price is $1.2 million, which includes both the business and the 900-square-foot building it occupies in Herron-Morton Place.
Slippery Noodle Inn owner Hal Yeagy Jr. dies
Yeagy had owned the establishment since 1985, building it into a renowned spot for live blues music.
Central Indiana homebuilders see biggest October since 2005
Area homebuilders have made 7,181 single-family building permit filings through the first 10 months of 2020. That’s already more than they’ve filed in any full year since 2007.
Home sales, prices in central Indiana continue recent tear
The median home price in the area reached $221,000, up 15.1% from a year ago when the median price was $192,000.
NCAA graduation rates reach another record high at 90%
College athletes continue to graduate at record rates and outperform non-athletes, according to the NCAA’s new Graduation Success Rate report.
Governor in quarantine after some in security team test positive
Gov. Eric Holcomb and his wife are “considered close contacts” and will be tested later this week, his office said.