Entertainment planned for December could put airport visitors in a spending mood. Retail sales at the terminal have suffered
this year due in part to a 10 percent drop in passenger traffic, prompting the Airport Authority to search
for ways to boost revenue.
National Wine & Spirits Inc. suffered a staggering reversal of fortune when the Indiana Alcohol and Tobacco Commission
ruled Nov. 5 that Southern Wine
& Spirits of America Inc. could distribute here.
The 34-story hotel, the city’s largest, is scheduled to open in 2011.
A new task force is charged with making recommendations for development of the city’s downtown certified technology
park.
More than 53 percent of workers with Internet access, or 68.8 million, are expected to shop online Monday, according to
the Washington, D.C.-based National Retail Federation.
BOS Community Development Corp., created in 1982 to revitalize the Indiana Avenue and Midtown area, says its mission is accomplished.
Cafe Patachou owner Martha Hoover can now move forward with plans to open a pizzeria next to her trademark eatery at 49th
and Pennsylvania streets.
After more than four years on the market, the Carmel estate built for Conseco Inc. founder Stephen Hilbert is listed at
$9.9 million—less than half of the original asking price and a third of the $30
million it was estimated to be worth in 2001.
Paul Kite Co. has applied for a rezoning of the 16.5-acre site to allow for
non-airport uses.
A Marion County judge has frozen certain Hansen & Horn Group Inc. funds after the Indianapolis homebuilder failed to pay
a $183,000 legal judgment. The move sheds light on the severity
of the company’s woes.
Steak n Shake CEO Sardar Biglari proposed buying Western Sizzlin in January and again in May and advocated the unusual structure
of the $39 million transaction.
The National Association of Realtors said Monday that home resales rose 10.1 percent in October, spurred by a tax credit that
buyers
expected to expire at the end of the month.
The renewed credit deal was extended for two years and includes an option to boost the value to $1.05 billion.
Shoe Carnival Inc.’s quarterly same-store sales, which measure revenue from locations open at least a year, climbed 10.2 percent.
The second and third quarters were brutal for Indiana banks, as they set aside big reserves to cover losses on commercial
real estate loans.
Airport concessionaires stung by a 10-percent drop in passenger traffic have asked the Indianapolis Airport Authority to ease
a policy that was implemented more than 10 years ago to keep prices in line with what consumers pay outside
the airport.
CB Richard Ellis recently began marketing the most prominent of Premier Properties’ local properties, Metropolis. The
Venu site
at the southwest corner of East 86th Street and Keystone Avenue also is up for grabs.
The bar, which isn’t yet named, will be Baker & Daniels lawyer Trevor Belden’s first bar.
Hot Box Pizza plans to open a downtown location in the Harness Factory Lofts building, and WineTyme, a new local shop selling
wines, craft beers and gourmet food, is coming to Fishers.
The troubled Indianapolis City Market is looking East for a new direction. This summer, its executive director, Jim Reilly,
visited Philadelphia and Cleveland to observe their successful urban markets and seek pointers that might be applied here.
