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Articles

Drake apartments property receives five proposals for reuse

November 2, 2023 | Mickey Shuey

The Department of Metropolitan Development in August issued a request for proposals for updating the long-vacant, city-owned building at 3600 N. Meridian St.

Rust gives big to his campaign for U.S. Senate, but Banks tops total donations

October 17, 2023 | Casey Smith, Indiana Capital Chronicle

Although GOP favorite U.S. Rep. Jim Banks was beat on overall fundraising in the third quarter, he continues to amass more individual contributions than other contenders for Indiana’s open Senate seat in the November election.

Old City Hall development is ‘huge opportunity,’ although designs remain in their infancy

October 13, 2023 | Mickey Shuey

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.

Expanding Big Ten weighs rivalries, TV ratings, travel to make football schedule

October 6, 2023 | Associated Press

The Big Ten calls its scheduling model Flex Protect XVIII, which locks in important annual rivalry games like Indiana-Purdue but doesn’t require every team to have the same number of protected games.

big ten championship

Hinkle Fieldhouse to host final four of new NCAA women’s hoops tourney

September 26, 2023 | Associated Press

Butler University’s Hinkle Fieldhouse will host the final fours of both the inaugural Women’s Basketball Invitation Tournament and the men’s National Invitation Tournament in April.

Indiana Supreme Court rules state law limits corporate contributions to super PACs

September 26, 2023 | Tyler Fenwick, The Indiana Lawyer

Indiana election law’s silence on corporate contributions to independent-expenditure political action committees means such contributions are prohibited or otherwise limited, a split Indiana Supreme Court has ruled.

State directs $100M to park hotel project as nearby communities prepare for boost

September 22, 2023 | Carley Lanich

The project at Potato Creek State Park calls for 120 guest rooms, a 9,000-square-foot indoor aquatic facility and a conference center.

City drops plan to redevelop City-County Building

September 15, 2023 | Mickey Shuey

The city will work through 2024 to consolidate into its most prominent piece of real estate offices that are now scattered around downtown, including those of the Department of Public Works and the Department of Business and Neighborhood Services.

City issues RFP for redevelopment of Drake apartment property

August 31, 2023 | Mickey Shuey

The request for proposals requires bids to include an offer of more than $1 million for the property and to fulfill federal Community Development Block Grant parameters

Hogsett, Shreve clash in Indy Chamber HobNob remarks

August 31, 2023 | Taylor Wooten

Speaking at the annual political networking event Wednesday night, mayoral candidate Jefferson Shreve blamed Mayor Joe Hogsett for a change in the debate format.

Republican mayoral candidate Jefferson Shreve (IBJ photo/Eric Learned)

UPDATE: City picks developer for restoring Old City Hall, building 32-story tower with boutique hotel

August 29, 2023 | Taylor Wooten

The $140 million project, which city officials are calling the “Alabama Redevelopment,” will include 190 residential units, 150 hotel rooms and 8,000 square feet of retail and hospitality space.

Fishers expects construction on delayed State Road 37/141st Street project to start in 2024

August 22, 2023 | Daniel Bradley

Mayor Scott Fadness told the Fishers City Council during a budget presentation Monday night that the city will solicit contractor bids for the project in April. He said the city has set aside about $20 million for the project.

Industrial icon U.S. Steel on verge of being absorbed as industry consolidates

August 15, 2023 | Associated Press

A symbol of American industrialization that operated the world’s largest steel plant in Indiana and helped build everything from the United Nations building in New York City to the New Orleans Superdome seems poised to soon be purchased by a competitor.

Property loans are so unappealing that banks want to dump them

August 7, 2023 | Bloomberg News

This year’s rise in borrowing costs has made commercial real estate one of the hardest-hit areas of the economy. Property sales, especially for office buildings, have slowed to a trickle, giving landlords and lenders few markers to determine the value of certain assets.

SEC proposes artificial-intelligence crackdown for Wall Street firms

July 26, 2023 | The Washington Post

Wall Street’s top regulator is moving to prohibit investment firms from using artificial intelligence to generate more business at the expense of their customers’ best interests, one of the first bids by a federal agency to craft rules for the technology.

Curtis Hill says he’ll eliminate state’s equity and inclusion office if elected governor

July 24, 2023 | Peter Blanchard

The former Indiana attorney general and 2024 gubernatorial candidate said equity and inclusion efforts “exist only to pander to identity politics.”

curtis Hill 600px

IU Health aims to award 30% of downtown hospital project to diverse contractors

July 7, 2023 | John Russell

IU Health expects to give about $690 million worth of work to diversity contractors. That’s 30% of $2.3 billion—the amount the hospital system says the project is worth after subtracting the cost of expensive medical equipment such as imaging scanners.

United Methodists lose fifth of U.S. churches in schism over theology

July 6, 2023 | Associated Press

More than 6,000 United Methodist congregations have now received permission to leave the denomination amid a schism over theology and the role of LGBTQ people in the nation’s second-largest Protestant denomination.

Councilor Keith Potts announces run for Braun’s U.S. Senate seat

July 6, 2023 | Taylor Wooten

Potts, a Democrat in his first term on the City-County Council, works with several local not-for-profit arts organizations.

Supreme Court strikes down affirmative action in college admissions

June 29, 2023 | Associated Press

The decision will force institutions of higher education to look for new ways to achieve diverse student bodies.

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