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.
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IUPUI students pioneering technology to help emergency responders
A team of five recent IUPUI graduates and two faculty members were recently awarded $112,500 by the National Institutes of Standards and Technology for its software to help emergency providers, and the group has a shot at another $70,000.
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.
Gaming lounge, others launching after pandemic delay
Press Play Gaming Lounge, Two Chicks District Co. and Bella Pizzeria are following through with plans announced before the shut-down. Punch Bowl Social, meanwhile, aims to reopen this fall.
Carmel-based software firm planning to invest $2.6M in Westfield HQ, hire up to 65
Employee-owned SEP, one of the largest software development firms in the Indianapolis area, says it’s building a “forever home” that will more than double its current footprint.
ROUNDUP: Mac-and-cheese, pizza shops debut
Also this week: InCycle Strength, Rise ‘n Roll Bakery, Dancing Donuts, WB Pizza, The Mug, City Way Animal Clinics, Pet Wellness Clinics.
Proposed Carmel film and music festival could lose city backing
The Carmel City Council might force organizers of a proposed film and music festival to find funding elsewhere if they insist on holding it in May 2021.
Carmel mayor does about-face, no longer plans to sue Minneapolis to recover security costs
The decision comes less than five hours after the mayor first announced he hired outside attorneys to pursue the lawsuit, a move he said the public has misconstrued.
Carmel plans lawsuit against city of Minneapolis for security expenses
Mayor Jim Brainard said other cities should should join Carmel’s suit, which has not been filed. “Those in power need to understand the far-reaching consequences of their actions,” he said.
Developers make $27M in bond requests from Carmel to spur multiple projects
The Carmel City Council on Monday voted to send developer-backed bond requests for four major real estate projects to the city’s Land Use Committee for further review.
Return of retail in Indy area far from business as usual
A smattering of shoppers found a mixed bag of offerings on the first day that nonessential stores were allowed to open, with many retailers remaining closed or still providing pickup-only service.
Fat Atom Marketing’s demise hastened by lean pandemic budgets
Carmel-based Fat Atom Marketing has gone out of business, citing the health crisis as the final straw. Marketing industry experts predict there will be a big increase in the number of firms forced to close due to the impact of the coronavirus.
Allegion sees quarterly profit tumble due to COVID-19-related costs
The security-products maker, whose North American headquarters are in Carmel, exceeded analyst expectations despite a $96.3 million impairment charge because of COVID-19-related uncertainty.
COVID-19 pushes small retailers toward e-commerce
Pedcor Cos. is promoting an e-commerce web site for its Carmel City Center retail tenants, some of whom had sold little or no merchandise online until COVID-19 came along.
Chicago-style pizza chain Lou Malnati’s adding Broad Ripple, Carmel sites
Beloved in the Chicagoland area, the deep-dish chain confirmed to IBJ in March that it planned to enter the central Indiana market with several locations.
Allegion announces $30M in cost-cutting actions at non-U.S. locations
Ireland-based Allegion said it will take actions to streamline its business and cut costs. The company’s North American headquarters is in Carmel.
Nursing home residents account for 15% of Indiana’s COVID-19 deaths
The state health department laid out new orders Wednesday in an effort to protect elderly and confined Hoosiers from contracting the disease, Meanwhile, Carmel Mayor Jim Brainard is coordinating testing for nursing home residents in his city.
Not the grand opening coffee shop owner wanted
On the day Rachel Priddy finally got word from her contractor that she could apply for a certificate of occupancy to open her coffee shop in Carmel, Gov. Eric Holcomb ordered all restaurants to shut down in-person dining.
Carmel auto finance firm calling it quits after 33 years, terminating 127 employees
Carmel-based auto finance company Coastal Credit LLC plans to end operations and terminate all of its employees by the middle of this year, the company said in a letter to the state.
Carmel veterinarian indicted in high-profile racehorse doping scheme
Gregory Skelton, owner of Skelton Equine Sports Medicine LLC, was charged in a conspiracy that involved creating and giving performance-enhancing drugs to racehorses, leading to the death of at least one high-profile horse.