Phoenix Theatre casts $1M gift for new downtown complex
The gift from the Allen Whitehill Clowes Charitable Foundation gets the theater closer to its $8.5 million goal for funding construction of a new home on North Illinois Street.
IBJ Staff
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Rocket 88 closes doughnut shops in Fountain Square, SoBro
In a Facebook post, the owner said he will now be focusing on a new business, Square Cat Vinyl, where “we won’t be serving doughnuts, but we will be serving vinyl records, coffee, and beer.”
Political talk show Indiana Week in Review gets new host
Indiana Public Broadcasting’s political reporter, Brandon Smith, will take over the show in December.
Restaurant group planning changes to ‘Devour’ events
The Indianapolis Downtown Restaurant & Hospitality Association is making big adjustments to its “Devour” events starting next year, the organization announced Monday.
New poll shows Gregg with big lead over Holcomb
The latest results vary widely from a poll performed just last week that found Democrat John Gregg with only a 2-point lead over Republican Eric Holcomb in the race for governor.
Indianapolis beer maker plans Midwest expansion
The company plans to expand distribution and add up to 17 full-time employees to its existing workforce of 11 by the end of 2019.
Developer Allen plans $2.6M project in Greenwood
Called Greenwood Business Center, the development is planned for an 11-acre site about a quarter-mile east of Interstate 65.
Emmis announces sale of Texas Monthly as part of effort to go private
The announcement comes on the eve of the latest deadline that CEO Jeff Smulyan set for shareholders to accept his offer to buy back the company’s stock and one day after Emmis said it would sell four Terre Haute radio stations.
Banks look to pay more to retain employees
A survey found bank employees are changing jobs at the fastest pace in a decade, with non-officer turnover at 18.7 percent and officer turnover at nearly 7 percent.
PNC survey finds business owners are optimistic
Small and midsize business owners in Indiana expect the state’s economy will continue to grow at a slow and steady pace, even though they are dissatisfied with the economic plans of both presidential candidates, according to newly released data.
EDITORIAL: Candidates for governor need solid power plans
Republic Eric Holcomb and Democrat John Gregg each endorse an “all of the above” energy strategy. But we’d like to see the candidate for governor be more specific about how they’ll move Indiana beyond coal over the long term.
Indy-area airports receive $12.6M for upgrades, electric buses
The Indianapolis International Airport plans to purchase six electric shuttle buses, which would constitute the largest electric fleet at any U.S. airport.
UPDATE: Indiana State Museum announces $17.8M renovation project
The Indiana State Museum and Historic Sites plans to pump more than $10 million into the Indianapolis museum in White River State Park and more than $7 million into 11 historic sites it manages around the state.
Emmis to sell four Terre Haute radio stations
The announcement comes as Emmis CEO Jeff Smulyan continues to try to gain board approval for his $4.10-per-share offer to take the media company private. He has extended his offer three times, and it's now set to expire Friday.
Feds snag Mainscape owner in American Senior Communities probe
The U.S. Attorney’s Office in Indianapolis filed a felony count against Mainscape CEO Dave Mazanowski on Wednesday alleging he was a willing participant in a fraud and kickback scheme orchestrated by former American Senior Communities CEO James Burkhart.
UPDATED: Feds say ASC’s CEO, 3 others used kickbacks, shell firms to pull off massive fraud
An indictment unsealed Wednesday alleges former American Senior Communities CEO James Burkhart orchestrated a massive scheme that defrauded the nursing home company, its owner and federal health care programs out of more than $16 million.
Four indicted in American Senior Communities billing probe
Former ASC CEO James Burkhart was arrested at his Carmel home Wednesday morning. He, former Chief Operating Officer Dan Benson and two other men are expected to make initial court appearances within hours.
New restaurant planned for Circle City Industrial Complex
The Convivial Community Bar—slated to open in spring 2017—will be on the south end of the complex with a patio along East 10th Street, just off the Pogue’s Run Trail.
Indiana Landmarks mounts campaign to restore historic clock
Historic preservation not-for-profit Indiana Landmarks is leading a fundraising campaign to restore the 80-year-old “Ayres clock” mounted on the corner of Circle Centre mall at Washington and Meridian streets.