Study: Indianapolis Motor Speedway events generated $1B impact over one year
The total economic impact of $1.058 billion found by the months-long study is more than double the figure calculated in a similar study in 2013.
Mickey Shuey
Articles
Gray Brothers Cafeteria seeking franchisees for carry-out locations
The family-owned Mooresville restaurant that has become synonymous with comfort food in central Indiana wants to branch out into franchising. It projects startup costs for carry-out locations to be between $391,000 and $738,000.
Mayoral candidates differ on approach to downtown incentives
While incumbent Joe Hogsett says a broad use of incentives like tax-increment-financing bonds is often necessary to bridge funding gaps, Jefferson Shreve favors a moderated use of the city’s incentive toolbox.
Alamo Drafthouse cinema chain to open first Indiana multiplex near Lafayette Square Mall
Renovations to the former Georgetown 14 Cinema are expected to cost $15 million as part of an operating agreement the dine-in theater chain has reached with building owner Fabio de la Cruz.
Old City Hall development is ‘huge opportunity,’ although designs remain in their infancy
Early plans for the $150 million project, known for now as the “Alabama Redevelopment,” call for a 387-foot glass tower containing 190 apartments, 24 condominiums, 150 hotel rooms and 8,000 square feet of retail and hospitality space.
Walker Legacy Center to start endowment with proceeds from real estate sales
The sale of Walker Plaza, which was built in 1989, also clears the way for the center’s leadership to usher in a new plan for the Legacy Center, which is expected to focus on further educating the public about C.J. Walker and her work as a businesswoman and prominent figure in Indianapolis in the early 1900s.
Three historic buildings near Monument Circle sold to Chicago-area firm
The connected buildings contain 161,500 square feet of office space, which is all leased to the Indiana Department of Health.
Creative agency plans move to historic Lockerbie building
Indianapolis marketing and communications agency Well Done Marketing plans to move to a building constructed in 1861 that was once home to businesses operated by well-known interior designer and historic preservationist Sallie Rowland.
City hires New York firm for fresh perspective on Indiana Avenue redevelopment
City officials have hired an out-of-state firm to create a development plan for the Indiana Avenue corridor, a part of downtown that has seen neighbors push back on recent project proposals.
Made in Indiana: Pies by Wick’s Pie
History: The company was started in 1944 by Duane “Wick” Wickersham as a café intended to deter factory workers from drinking on the job. Wickersham used his grandmother’s pie recipes for the café and a 1934 Buick sedan to deliver the product throughout Winchester. Within four years, Wick was selling 300 pies per day. In […]
Corteva to occupy new $30M distribution center in Anderson
The 300,000-square-foot facility is being developed by local industrial real estate firm Scannell Properties LLC.
Colts owner Jim Irsay praised by PETA for embracing vegan lifestyle
The animal-rights organization this week promoted a video of a discussion with Irsay, who lives a vegan lifestyle, about his expanded involvement in animal activism.
Local investors plan to revamp dilapidated College Avenue building
As proposed, the project would consist of street-level commercial spaces and upscale three-bedroom, three-bathroom apartments on the second floor.
Civic group defines new mission during State of Downtown event
The leader of civic organization Downtown Indy Inc. said Thursday that she is bullish on the future of the city’s core—and the not-for-profit’s role in moving downtown forward.
Meeting and Event Planning Guide: 2024 presents ‘a huge tourism opportunity’
“Not a month next year is going to go by where we don’t have something significant happening in our city from a tourism perspective, whether that’s a large annual conference that’s coming back, or something new,” said Chris Gahl, executive vice president of Visit Indy.
Work on new community center set to start in International District
The nearly 15,000-square-foot building, about two miles south of the new Window to the World project along Lafayette Road, will be called the International District Community Center.
Carmel’s Crooked Stick to host 2028 U.S. Senior Open Championship
The stop in Carmel marks the course’s first time hosting the Senior in nearly 20 years, and seventh time the course will host a USGA championship event.
16 Tech pencils in plans for two more buildings after early leasing success
Pre-leasing has begun on two buildings planned for the entrepreneurism-innovation district: a 100,000-square-foot laboratory building and a 40,000-square-foot office structure that would be dedicated to sports- and health-focused tenants.
Hogsett, civic leaders don’t expect downtown taxing district approval before election
A new state law allows the council to create an economic enhancement district board that could impose a fee on property owners in the Mile Square.
Pacers use AI to better know fans, sell tickets
The team wants to use artificial intelligence to provide news about a fan’s favorite player, suggest best routes to the fieldhouse and available parking spaces, make restaurant recommendations based on customer preferences and party size, and more.