Forbes: Colts rank as NFL’s 20th most valuable team
Forbes estimated the Dallas Cowboys are the NFL’s most valuable franchise, with a value of $5.7 billion, the 14th consecutive year they’ve held that distinction.
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Simon, Brookfield reach deal with lenders to acquire bankrupt J.C. Penney
The tentative rescue deal, which would preserve about 70,000 jobs, includes a $300 million equity investment by landlords Simon Property Group and Brookfield Property Partners, a lawyer for J.C. Penney said at a Wednesday bankruptcy hearing in Texas.
$40M apartment project planned for Herron-Morton Place
The proposed project includes 234 multifamily units in the 2100 block of Central Avenue, along with nearly 12,000 square feet of new or redeveloped commercial space.
Noblesville planning to partner on $52.8 million redevelopment of former Marsh site
Indianapolis-based Cityscape Residential LLC is working with Noblesville to develop an apartment and office complex on the west side of the White River, along River Road and State Road 32.
Architect Stephen Alexander helping to sketch future of Old Southside
He has a big plan for the south side of downtown, but the plan is ever evolving and it will require hundreds of millions of dollars in investment and large-scale rethinking of development along the Interstate 70 corridor.
City government workers not as diverse as residents they serve
Indianapolis city-county government has work to do recruiting and retaining more minority employees—particularly Hispanic workers—if its staff is going to reflect the population it works for.
Ballyhooed Simon Cancer Center to empty out by 2026
Just 12 years after opening to great fanfare, the future of the $150 million center, a partnership between the Indiana University School of Medicine and Indiana University Health, is full of questions.
Groundbreaking well-being app targets Black women’s stressors
Entrepreneur Katara McCarty says the Exhale app she developed “speaks to the path of women of color.”
Owner closes Butler-Tarkington hardware store after 43 years in business
The Ace Hardware owner cited a variety of reasons for the closure, including the difficulty of competing against larger retailers and increased business costs.
Reopening date for downtown T.J. Maxx store still uncertain
The store on the ground floor of the historic William H. Block Building closed in the spring because of the pandemic. It sustained damage during the riots and looting that took place downtown in late May.
Oregon-based drive-thru coffee chain coming to Indy market
The Human Bean, which opened its first shop in 1998, is coming to Westfield. The local franchisee said he’s scouting Hamilton County for more sites. Also this week: Noble Roman’s, Big Woods and more.
Memo: NCAA to furlough its entire staff for up to 8 weeks
The NCAA will furlough its entire Indianapolis-based staff of about 600 employees in a cost-saving move, according to memo obtained Wednesday by The Associated Press.
School of Rock coming to Zionsville this fall
Zionsville parents convinced the local owner of the Carmel and Fishers School of Rock franchises to open the new school, which is offering lessons ahead of its October grand opening.
Council considers penalties for vendors that don’t meet minority-contracting goals
The proposal gives more power to the Office of Minority-Owned and Women-Owned Business Enterprise in ensuring city contractors work to meet the city’s goals for utilizing minority-owned, women-owned, disabled-owned and veteran-owned businesses.
Beech Grove Ponderosa, once a sales superstar, closes due to pandemic
The Beech Grove location’s owner, Fishers-based CMR Partners LLP, has also closed its three other Ponderosa locations since mid-July.
J.C. Penney lenders plan takeover after talks with Simon, other bidders stall
J.C. Penney filed for bankruptcy May 15, part of a wave of already-struggling merchants undone by the pandemic. Simon Property, Brookfield Property Partners and Authentic Brands Group were in talks to buy the retailer.
IBJ Podcast: Remodelers reveal what homeowners want in pandemic era
An architect, interior designer and design-build contractor discuss the sudden shift in priorities for the home, how much projects can cost and how crews get the work done in the middle of a health crisis.
Deputy mayor for economic development leaving administration
Angela Smith Jones, deputy mayor for economic development for Indianapolis since 2016, is joining Health and Hospital Corp. as the vice president of diversity and inclusion.
Soul-food landmark Kountry Kitchen set to begin rebuilding after fire
Its owners are planning to begin construction on a new, bigger building this fall, following the January fire that gutted its original home. Also this week: The W Nail Bar, Crazy Tortas.
Photo gallery: The $58.5 million Hotel Carmichael opens in Carmel
The 110,000-square-foot hotel is situated between the Monon Trail and Veterans Way in Carmel, just south of City Center Drive.