Multitude of creditors left high, dry as Celadon bankruptcy case closes
With most liquidation efforts complete, Celadon has raised only $75 million—$45 million short of the $120 million it needed to satisfy a loan from its secured creditors.
Susan Orr
Articles
Regulators liquidate troubled Indianapolis credit union
The financially troubled credit union had been operating under a conservatorship since January. As part of the liquidation, about 500 members and most of their deposits have been transferred to Indianapolis-based Elements Financial Credit Union.
Deliveries to sequestered March Madness teams boosting business, restaurants say
While they’re sequestered during March Madness, teams are ordering everything from pizza to soul food—and local restaurants are seeing a much-needed bump in business as a result.
Naptown Fitness team plans to buy, renovate classic 1930s building in Midtown
The smooth limestone building at 3902 N. Illinois St. with streamlined Moderne design touches has been vacant since a brewpub closed there in 2018. Before that, it was a Double 8 Foods store and the Hoster-Hiser Ford and Lincoln-Zephyr car dealership.
Kegs have been out, canned beer in, during pandemic
When the pandemic dried up the demand for beer at customer-limited bars and restaurants, local brewers had to shift focus to sales at grocery stores, pharmacies and packaged liquor stores.
Herron-Morton Place eatery Tinker Street plans reopening
Owner Tom Main said he’s shooting for an April reopening for Tinker Street, a fine-dining restaurant that’s been closed for dine-in service for more than a year and was on the selling block in late 2020.
United adding three new seasonal nonstop routes from Indianapolis
The flights, which will run from May 27 through Labor Day weekend, will connect Indianapolis with cities in Maine and South Carolina.
Marion County health officials shut down two clubs for COVID-19 violations
The health department said downtown club After 6 and Broad Ripple’s Casba Bar both violated pandemic-related health restrictions. Both clubs will have to submit risk-mitigation plans to reopen.
In Nora standoff, Crew Carwash battling Steak n Shake over corner property
Crew recently bought the property that contains the steakburger chain’s location on East 86th Street with plans to build a new carwash. But it contends in a lawsuit that Steak n Shake has refused to leave.
Area cultural attractions work to attract college basketball fans
Some local museums and cultural institutions say they saw a bump in visitation over the weekend related to March Madness. Meanwhile, the attractions are playing up their basketball connections in a bid to attract visitors.
New leader tries to turn City Market around
Between the pandemic, road construction and downtown safety concerns, the market has been dealing with a heavy load of challenges over the past year, and there’s no consensus on its recovery prospects.
Owner of Carmel’s Clay Terrace acknowledges possible bankruptcy filing
Washington Prime Group, a Simon Property Group spinoff that owns several other local shopping centers, barely missed defaulting on a $23.2 million interest payment this week before securing a forbearance agreement that ends on March 31.
Conexus Indiana’s top executive to depart in June
Mark Howell, 56, who joined Conexus in 2018, plans to focus on volunteer and philanthropic activities after leaving the Indianapolis-based not-for-profit, the organization said Wednesday.
Indianapolis-based Bastian Solutions on 400-employee hiring spree
Bastian Solutions, which makes conveyor systems, robotics and other automated materials-handling items often used by the retail industry, has seen growth accelerate because of the pandemic.
The Oakmont restaurant, bar to take vacant tavern space off Mass Ave
Two longtime friends in the restaurant business are teaming to create a concept in the former Krueger’s Tavern space featuring cuisine and décor designed to catch an Instagrammer’s eye.
IndyGo seeking input on paratransit service improvements
IndyGo has long struggled to improve its Open Door service for riders with disabilities. It’s launching a series of public meetings this week to solicit ideas from the public.
Local restaurants hope to supply food for teams during NCAA Tournament
The NCAA, Indiana Sports Corp. and Visit Indy are developing a program to help match teams with restaurants that are prepared to deliver.
Fishers used-car dealer agrees to state settlement over sales practices
Indiana Attorney General Todd Rokita said the dealer sold cars online in a way that led consumers to believe the seller was a private owner. For its part, the dealer said it was a one-time occurrence.
Milktooth chef Brooks apologizes for controversial online post referring to anti-semitic myth
High-profile local chef Jonathan Brooks, who is Jewish, said the Instagram post that prompted a social media backlash was meant as a joke. But local leaders of the Jewish community say referring to the anti-semitic trope of blood libel is potentially dangerous and never proper.
Brawny gym for serious weightlifters planned for big retail site on south side
Founded by a local bodybuilder, American Muscle Factory is expected to open in August in a long-vacant, 23,000-square-foot retail space in the Greenwood Place shopping center.