The company dreamed of becoming a major hospitality industry player and saw Grand Park Sports Campus as the place to hit a home run. But there were signs of trouble from the start, and unpaid bills quickly piled up.
U.S. companies spend hundreds of millions annually on entertaining customers and clients at sporting events, tournaments and arts venues, an expense they can no longer partially deduct from their tax bill under new law.
A nearly-30-year-old business known for custom-made cakes for weddings, graduations, birthdays and other special events is liquidating its equipment and closing its shop near the University of Indianapolis.
In September, the Carmel Board of Zoning Appeals denied a variance request from Forrest and Charlotte Lucas to allow for large gatherings on their massive West 116th Street estate. That decision hasn't stopped the parties.