Mayor calls on VA to halt Crown Hill cemetery project
Indianapolis Mayor Joe Hogsett on Wednesday said his “dream” would be for the Crown Hill North Woods to become part of the city’s park system.
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Kokomo, Howard County officials approve bar smoking ban
Officials in a central Indiana county have approved a ban on smoking in all bars and private clubs.
Debut of $37M Coil to kick off Broad Ripple apartment flurry
The village is expected to add as many as 500 rental units in the next year or so. Businesses hope they’ll boost daytime traffic in the area traditionally known for its nightlife.
HHGregg files for bankruptcy, lines up buyer
The company did not disclose the identity of the purchaser. CEO Robert Riesbeck said HHGregg is “fully committed” to continuing to operate the 132 stores that will remain after it completes the closings announced last week of 88 stores.
Department store chain Gordmans facing bankruptcy
Gordmans Stores Inc., a Midwestern department-store chain founded more than a century ago, is preparing to file for bankruptcy, according to people familiar with the matter. The retailer has one store in the Indianapolis area and several others in Indiana.
HHGregg could file bankruptcy as soon as next week
The news comes one day after the Indianapolis-based retailer announced that it was closing 88 stores and three distribution centers
RadioShack’s successor reportedly preparing for bankruptcy
A filing could happen within the coming days and will probably result in liquidation, sources said. The Indianapolis area is still home to several RadioShack locations.
Storied racetrack revved for a restart under new owner
Kevin Garrigus bought the Speedrome in November with the goal of revitalizing the historic east-side short track. He’s already put $500,000 into upgrades—with more on the way.
Development taking off in east-side corridor
Harrison College is asking $11.5 million for its two-building campus along East Washington Street, a steep jump from their assessed values but reflective of the area’s increasing potential for growth.
HHGregg closing 88 stores, three distribution facilities
The closure of 40 percent of the retailer’s stores will result in the elimination of about 1,500 jobs.
Roundup: Fountain Square fields new pizza options
The owner of Red Lion Grog House in Fountain Square intends to launch Sidekicks Pizza in the neighborhood’s most visible building, while a small Chicago-based chain plans its first location outside of Illinois.
Young design firm planning 25-employee expansion
The architectural and interior design firm on Wednesday announced plans to double its office space in the Stutz Business Center.
Historic White Castle building gets reprieve from Indiana Landmarks
The not-for-profit has stepped in to save the downtown structure, built in 1927 and believed to be the third-oldest restaurant constructed by the burger chain.
Salesforce unveils sign design for namesake tower
Salesforce.com Inc. on Tuesday filed permit drawings for its Salesforce Tower signage—finally giving an image to the vision the company set last May when it said it would assume naming rights on the state’s tallest tower.
HHGregg shares cease trading on New York Stock Exchange
The New York Stock Exchange on Tuesday suspended trading of HHGregg Inc. shares as it began proceedings to delist the struggling retailer’s common stock.
Steak n Shake results lost some sizzle in 2016
Same-stores sales for the burger chain dropped for the first time since 2008. Profit and customer traffic also fell.
Target pulls down other retailers with tepid quarter, outlook
Target Corp. reported a 43 percent drop in fourth-quarter profit as weak store sales overshadowed an improving online performance.
Future of east-side church, once slated for demolition, still in limbo
TWG Development’s plan to convert the century-old structure into senior housing units has hit a snag, as the project wasn’t awarded federal tax credits in the latest round of allocations.
Westfield approves housing development near Grand Park
The Westfield City Council on Monday also agreed to send a proposal for a housing development around the Wood Wind Golf Club back to the city’s plan commission.
Ganassi Racing seeking tax break for $3.5M expansion
The owner of four IndyCar racing teams says the tax abatement would help offset costs related to a 40,000-square-foot addition the company wants to build at its northwest-side headquarters.