Up and away at Conner Prairie
Looks like the folks at Conner Prairie in Fishers have beat White River State Park to the hot-air-balloon-ride punch. They plan to unveil…
Real Estate
Articles
Windows join endangered list
The Historic Landmarks Foundation of Indiana has added four new structures and an architectural feature to its annual list of the 10 Most Endangered Hoosier landmarks. Additions…
Steak n Shake hoping to roll out lower-cost, limited-service stores
TV spots for Steak n Shake Co. used to play up the chain’s full-service restaurants, complete with friendly servers, real plates
and glass ketchup bottles—a departure from the "workaraunts" operated by McDonald’s and Burger King. Now, Steak n Shake is developing plans for its own workaraunts.
Critics: Tax hike ‘defies logic’
Critics say the Legislature’s plan to shore up the insolvent Indiana Unemployment Insurance Trust Fund places the bulk of the financial
burden on already ailing businesses with the least ability to pay.
Ritter’s buyer retools custard chain
Indianapolis residents have been passionate about Ritter’s handmade frozen custard ever since it debuted almost two decades
ago. But while the ice cream is sweet, the story of the former mom-and-pop company’s attempts to morph into something grander
is decidedly bitter. Now, New York-based TruFoods, which bought the company in May 2008, is trying to get the formula
right.
Bait shop bids farewell
Barbara Hoffman plans to close her bait shop along Fall Creek Parkway after 42 years in business. She has agreed to…
Parcel near LOS lingers on market
Have property values around Lucas Oil Stadium risen as fast as the profit expectations of the owners? Perhaps not, at least if you consider the Cambridge Transmission…
Mass transit potential
For an interesting take on how mass transit could help revitalize Indianapolis, see IBJ reporter Chris Oâ??Malleyâ??s
story this week on the topic. Ball State grad students dreamed up several concepts for plunking new rail
stations along existing…
Westfield mayor hopes $60M stadium project will transform city
Westfield Mayor Andy Cook is proposing a $60 million youth sports complex with a 4,000-seat multipurpose outdoor
stadium, indoor sports facilities and sports fields with the goal of establishing the Hamilton County community as the "Family Sports Capital
of America."
Grad students dream up plans for mass transit
Architecture and urban design students from Ball State have created a vision for urban renewal that is arguably more compelling
than the Central Indiana Regional
Transit Authority’s principal, utilitarian goal of reducing northeast-side highway congestion and air pollution by running
a diesel commuter train atop the old Nickel Plate Railroad corridor.
Westfield plans sports complex
The mayor of Westfield hopes to build a youth sports complex with a 4,000-seat multipurpose outdoor stadium, indoor sports facilities and fields for baseball, soccer,…
Westfield plans $60M youth-sports complex
The mayor of Westfield announced plans this morning to build a $60 million youth sports complex with a 4,000-seat multipurpose outdoor stadium, indoor sports facilities, and fields for baseball, soccer, softball and lacrosse. The sports facilities would anchor a 1,500-acre development by locally based Estridge Co. along Towne Road between 146th and 161st streets.
Fort Ben reuse marches on
The Fort Harrison Reuse Authority is preparing to break ground on a massive infrastructure project that will lay the groundwork for the master-planned Lawrence…
Noblesville offered generous incentives to Simon for mall
The old adage that retail follows rooftops is only partially true; retail also follows taxpayer-funded incentives.
Lauth, a once-booming developer, has sliced 90 percent of work force, lost control of some properties
Struggling developer Lauth Group Inc. has cut about 90 percent of its staff and lost control of part of its portfolio to a
major equity partner-developments that raise doubts about whether the locally based company can survive the recession.
Simon layoffs would jeopardize HQ incentive deal
During one of the worst markets for real estate in decades, at a time when developers of all sizes are shedding employees, officials with Simon Property Group Inc. continue to insist they have had zero layoffs.
Emmis creates option to sell, lease back HQ
Would embattled Emmis Communications Corp. sell its Monument Circle headquarters, a prized development that opened a decade
ago at what then-Mayor Steve Goldsmith called "the most important site in the city and the very center of Indiana?"
Simon family’s interests helped city thrive, but taxpayers paid the price
The Simon family’s role in building the city has come at a steep price for taxpayers. Simon and
its business interests in the last 20 years have collected local government incentives
worth more than $400 million, an IBJ tally of those deals shows.
Aging building gets spruced up
Another rundown building near the northwest corner of Washington and Pennsylvania streets is getting some attention after years of neglect.