Despite virus, city bids to host dozens of sports events
Local officials are betting big on Indianapolis’ continued success as a sports city by submitting two dozen bids for championship-level events slated through 2030.
Mickey Shuey
Articles
Protests in Indy likely this weekend, but IMPD optimistic businesses aren’t at risk
Local officials say a few small protests related to the Breonna Taylor grand jury decision are planned this weekend in Indianapolis, but there’s little expectation the demonstrations will give way to destructive rioting like they did in May.
UPDATE: Developer finds partner for long-stalled Wilshaw hotel project in Speedway
Loftus Robinson LLC partnered with an Indianapolis hotelier late last week to shore up financing for the project at the southeast corner of 16th and Main streets. Construction has been stalled since July 2019.
Texas developer plans $325M industrial park in Whiteland
Dallas-based Mohr Capital has already broken ground on the first building in the master-planned Mohr Logistics Park—a 1 million-square-foot distribution center for Cooper Tire—and has several more in the early planning stages.
Despite pandemic losses, brokers still optimistic about retail’s future
In particular, vacant spaces in higher-population suburbs should have no trouble finding new tenants, brokers say.
IMS Museum selling dozens of vehicles to help upgrade collection
The basement of the Indianapolis Motor Speedway Museum is jam-packed with hundreds of vehicles that never go on display. Some of those cars are going on the auction block.
Indianapolis Motor Speedway gets OK to have 10,000 fans at Harvest Grand Prix
The determination to allow spectators at the 300,000-seat venue came from the Marion County Public Health Department.
Colts say 7,500 spectators will be allowed at second home game
Pete Ward, chief operating officer for the Colts, confirmed the 200% increase in the maximum-allowed crowd for the Sept. 27 game against the New York Jets.
UPDATE: Health officials reduce Indy Eleven capacity to 2,500 following IBJ story
The county health department said it was reducing the soccer team’s capacity at Lucas Oil Stadium to match what will be allowed at this weekend’s Colts game.
Crowd-limit disparity for Colts, Eleven home games raises questions
The Indianapolis Colts will be limited to 2,500 spectators at Sunday’s home football opener at Lucas Oil Stadium even though crowds for Indy Eleven soccer games at the venue have regularly doubled that figure since early July.
Developer plans $12M townhouse project near Garfield Park for affordable housing
The town homes—all of which are expected to have three-bedrooms—would be available for lease to individuals and families with modest incomes, with an option to eventually buy the units.
CIB still seeing major losses, but anticipates August revenue bump
While the convention center began seeing some activity during July, those events had very little impact on the venue’s operating income for the month.
Developers ‘optimistic’ about multifamily projects, stress that incentives are needed
Developers remain optimistic about multifamily developments in general across the city, but some believe additional affordable housing—and associated incentive deals—is needed.
$40M apartment project planned for Herron-Morton Place
The proposed project includes 234 multifamily units in the 2100 block of Central Avenue, along with nearly 12,000 square feet of new or redeveloped commercial space.
Colts to start season with just 2,500 fans in stands under agreement with health officials
The plan will allow less than 4% of capacity for the team’s its home opener at Lucas Oil Stadium against the Minnesota Vikings on Sept. 20.
Architect Stephen Alexander helping to sketch future of Old Southside
He has a big plan for the south side of downtown, but the plan is ever evolving and it will require hundreds of millions of dollars in investment and large-scale rethinking of development along the Interstate 70 corridor.
Local developer planning $58M apartment project on South Meridian Street
TWG hopes to receive incentives for the project from the city of Indianapolis, as part of a ”potential public-private partnership” supported by tax-increment financing.
Bradley to buy Indy-based Resource as commercial brokerage grows footprint
The deal likely would make South Bend-based Bradley Co. the second-largest commercial real estate brokerage in central Indiana.
Tourism experts disagree on wisdom of planned convention center expansion
Overall attendance at Indiana Convention Center events has stagnated, but annual major conventions have seen explosive growth.
Colts planning to start season with home games at 15% capacity
The Indianapolis Colts are cutting back on spectator capacity in their latest health and safety plan, with hopes of boosting crowds as the season progresses, depending on the course of the COVID-19 pandemic.