The Capital Improvement Board of Marion County and Visit Indy said they are implementing several cost-cutting maneuvers ahead of expected drops in tax revenue over the next several months.
A planned $1.5 million investment in Noblesville’s historic railyard is designed to draw visitors into downtown, but it also might put the city’s rocky relationship with rail back on track.
The Airbnb concept for tiny houses was dissolved March 23 with more than $765,000 in outstanding business debt.
Facing millions of dollars in lost revenue from the COVID-19 outbreak, major arts and cultural attractions throughout Indianapolis are slashing budgets, cutting staff and dipping into reserves or endowments to make ends meet.
MHG President Sanjay Patel has been through tough times in the hotel industry before—but nothing quite like this.
The tourism bureau’s 62 employees will see their work weeks cut to four days through at least April.
The race—rescheduled for Aug. 23—is on an otherwise open weekend in the city’s summer event calendar, which could fill hotel rooms at a time they would otherwise have been empty.
Little League International has postponed this year’s planned opening of its Central Region headquarters, citing construction delays, not the coronavirus pandemic.
Two Indianapolis Symphony Orchestra musicians were enlisted to help produce a light and music show on Monument Circle to offer hope to the local community and countries around the world. The show airs multiple times every night from 9 p.m. until midnight, but officials are encouraging people to watch it online.
The 1,005-room JW Marriott Indianapolis and 650-room Indianapolis Marriott Downtown closed Monday after they stopped taking reservations late Sunday.
Early this century, the NCAA enlisted the accounting firm Deloitte to conduct a risk assessment, one that looked at the seemingly preposterous notion that the NCAA men’s basketball tournament—one of the most lucrative events in sports—would be canceled.
Pickup orders and deliveries will still be permitted, but dining rooms must shut to try to slow spread of COVID-19.
The dense crowds Saturday at some of the 13 airports where travelers from Europe are being funneled—among the busiest across the country—formed even as public health officials called for “social distancing” to stem the spread of the pandemic.
The not-for-profit organization that plans community events around the Indianapolis 500 race said it is continuing to plan for events after April 11, including the One America Mini Marathon, scheduled for May 2.
The head of the Capital Improvement Board of Marion County, which owns and manages the Indiana Convention Center and Lucas Oil Stadium, on Friday acknowledged there will be an “obvious impact” from the virus.
The convention for firefighters and other rescue personnel was scheduled to run April 19-25. It typically has an economic impact of nearly $35 million for the city.
The Indianapolis-based NCAA is weighing potential health risks to athletes against hundreds of millions of dollars on which the institution and dozens of athletic conferences and universities rely on for economic stability.
Combined, the events were expected to draw in upwards of $35 million in revenue for local businesses, including hotels and restaurants.
The Indiana House and Senate both passed a measure Tuesday night that would make panhandling illegal within 50 feet of any ATM; entrance or exit of a bank, business or restaurant; public monument; or place where any “financial transaction” occurs.
Nineteen hotel projects have been announced for downtown. If every one of them opens, they would add 4,203 more rooms to the central district of Indianapolis. But that’s not likely.
