The cost of the 122-room, city-backed hotel has swelled to $58.5 million, up from $40 million when the Carmel City Council green-lighted it two years ago. Some councilors have called for an audit to dig into the details.
The city of Indianapolis is looking at whether it can secure $72 million in funding for a long-planned Decatur Township road project that supporters say would spark economic activity along one of the county’s least-developed corridors.
U.S. stock markets saw more major declines Friday morning. Traders have been growing increasingly certain that the Federal Reserve will be forced to cut interest rates to protect the economy, and soon.
If the disease known as COVID-19 becomes a global pandemic, economists expect the impact could be much worse, with the U.S. and other global economies falling into recession.
The Fresh Cut operation at Caito’s main campus at 3120 N. Post Road cuts and packages fresh produce for distribution to retailers.
250ok Inc., which employs about 55 people, will be the fifth major acquisition in the last two years for Boston-based Validity Inc.
Indianapolis Public Schools said schools remained open, but students who are unable to get to them because of no buses would not be marked absent.
The new language, which was added to a bill this week, would effectively make it illegal to panhandle in all of downtown Indianapolis.
Lisa Maloney, assistant vice president and the Indianapolis branch manager for Robert Half, is on the front line of helping local companies find tech talent. She recently discussed with IBJ the challenges local tech firms face in finding the talent they need to grow the sector and what IT professionals are demanding for their services.
Atlanta-based Peachtree Hotel Group bought the Hampton Inn by Hilton at 105 S. Meridian St. and a 50-car parking lot at 102 S. Pennsylvania St.
Developers are teaming with the city on a $7.7 million redevelopment project along North 10th Street and a $35 million development west of Federal Hill Commons Park.
The $1 million initiative was announced in October as a legacy project tied to next year’s All-Star festivities, with each group receiving up to $50,000 in funding for youth-serving projects.
President Donald Trump’s choice of Vice President Mike Pence to oversee the nation’s response to the new coronavirus threat is bringing renewed scrutiny to Pence’s handling of an HIV outbreak in southern Indiana when he was governor.
Senate Bill 385, authored by Sen. Aaron Freeman, R-Indianapolis, would have based the personal property tax exemption on the assessed value of equipment—called personal property—rather on the value at the time the company acquired it.
Sen. Aaron Freeman, the Indianapolis Republican and former city councilor who authored the legislation, said his goal is not to cripple the bus system’s operations but to hold IndyGo accountable to a 2014 law that required it to fund some of its operations with private funds.
The legislation to slow down the exodus from coal comes as large utilities across Indiana have announced plans to shut down thousands of megawatts of coal-fire generating capacity in favor of cheaper fuel sources, such as natural gas, solar and wind.
House Bill 1008 initially would have allowed professional licenses from other states to be honored in Indiana. It would have applied to professions regulated by the Indiana Professional Licensing Agency, including architects, engineers and dentists, to name a few.
The three major U.S. stock indexes now are in correction territory, a 10% reversal from recent highs.
The Indianapolis-based asset financing and fleet management company notified state officials this week that it will permanently close its operations late next month, eliminating all of its employees.
Sun Development & Management Co. originally planned to open the Tapestry hotel in the 12-story Jackson Square building where Ike & Jonesy’s had been located. But Sun now has plans to put a different brand in the building, with work starting within several months, and build the Tapestry across the street.
