Kite Realty sees quarterly rise in revenue, profit
The Indianapolis-based retail real estate investment trust reported fourth-quarter funds from operations that met analyst expectations.
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Ivy Tech ‘sunsetting’ its Office of Diversity, Equity and Belonging
Ivy Tech President Sue Ellspermann said the decision was a proactive move to protect funding amid federal orders and state legislation targeting diversity, equity and inclusion efforts.
Doug Boles named president of IndyCar
The promotion was among a series of leadership updates announced Tuesday by Penske Entertainment Corp.
Powell says Fed ‘well positioned’ for ‘risks and uncertainties’ that lie ahead
The Federal Reserve is prepared to keep its key interest rate unchanged for now as inflation remains elevated and the job market is solid, Chair Jerome Powell said Tuesday.
Simons’ downtown hotel, entertainment project gets green light for forgivable $25M city loan
Specific details for the loan, which could be forgiven if the Simon family’s development affiliate meets certain terms, are expected to be finalized in coming months.
Bill to overhaul regional development funding awaits committee vote as deadline ticks closer
Senate Bill 377 introduces a new framework and requirements for regional development funding, shifting the focus from place-aligned projects to more industry-focused development.
Amended bill would hit nonprofit hospitals with excise tax over high prices
A new amendment to House Bill 1004 would create an excise tax that would penalize hospitals found to be over-charging patients.
Rock the Ruins organizers plan weekend of concerts in Broad Ripple Park
Concert company Forty5, which operates the Vogue music venue, will partner with Indy Parks to launch the two-night Broad Ripple Park Concert Series.
Federal judge blocks ‘catastrophic’ Trump administration cut to NIH grant funding
A judge on Monday prevented the National Institutes of Health from changing the percentage that universities and medical schools are paid in facilities and administrative costs in 22 states.
Trump once again slaps taxes on foreign steel, aluminum
President Donald Trump is hitting foreign steel and aluminum with a 25% tax. If that sounds familiar, it’s because he did pretty much the same thing during his first term.
Senate lawmakers scale back Braun’s ambitious property tax proposal in heavily amended bill
The 93-page amendment to Senate Bill 1 introduced Tuesday scrapped an expanded homestead deduction and tax bill caps, which offered the bulk of the plan’s homeowner relief but threatened local government funding.
Motorsports transport company to build $39M headquarters in Noblesville
The company works with teams in NASCAR, IndyCar, IMSA and other racing circuits to create vehicular transports for competition vehicles.
Indy 500 Snake Pit concert unveils DJ-producer Illenium as headliner
The infield party on May 25 will showcase Illenium and four other acts before and during the 109th running of the Indianapolis 500, track officials announced Tuesday.
Dinner theater planned as new attraction at Murat Shrine Center
The Downtown Dinner Theatre will occupy the Arabian Room in the northern part of the 115-year-old building that also houses the Murat Theatre and Egyptian Room.
Carvana announces 200-job expansion at Plainfield site
Arizona-based used-car retailer Carvana says it intends to add inspection and reconditioning services at its auto auction site in Plainfield to establish what it calls a Megasite.
Caitlin Clark gives stamp of approval to Indiana Fever’s offseason moves
Clark on Monday gave a ringing endorsement to the roster moves announced by the Fever this month.
Westfield City Council approves Grand Universe development plan
Plans call for the proposed $1.2 billion development east of Grand Park Sports Campus to include a full-dome planetarium, hotel, retail, offices and multifamily housing.
Indiana lawmakers consider public camping ban
Opponents of the bill testified that the legislation, which mirrors legislation introduced in other states and can be traced to a Texas-based think tank, criminalizes homelessness.
Longtime Indianapolis news anchor Rafael Sánchez returns to TV
Sánchez, who previously spent nearly three decades at WRTV Channel 6, spent the last year behind the scenes at his new TV home due to a non-compete contract clause.
Chinese tariffs to take effect, ratcheting up trade war with U.S.
While the leaders of Canada and Mexico managed to strike political deals to delay the implementation of the tariffs Trump had slapped on their products, China has not struck such a deal.