Articles

Carmel mayor’s next goal: Build posh, $32M hotel

The principal developer of Carmel’s City Center, Pedcor Cos., is working with city officials on plans for a four-star boutique hotel that likely would cost at least $32 million to build and may require an additional city subsidy.

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Art museum CEO Anderson headed to Dallas

Achievements during Max Anderson's tenure included opening the 100 Acres art-and-nature park as well acquiring the Miller House and Garden in Columbus. However,  he also had to grapple with fiscal challenges that led to more than $7 million in budget cuts.

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State fair profitable, but collapse will be costly in the end

Despite the Aug. 13 stage collapse killing 7 concertgoers, the Indiana State Fair turned a modest profit of $389,000 this year. But about $500,000 in potential revenue was lost in the aftermath of the tragedy, and two investigations will cost about $1 million by the end of the year.

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City lands major expo with $19M economic impact

The National Safety Council’s Annual Congress & Expo will come to Indianapolis for the first time in September 2019. It's expected to draw 14,000 delegates, likely making it one of the five biggest conventions the city hosts that year.

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Anderson racino emerges from bankruptcy

The parent company of Anderson racetrack and casino Hoosier Park has officially emerged from bankruptcy. The original shareholders of Centaur Inc., about 80 individual Indiana investors, lost their entire investment in the company.

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Some NFL teams would make for a more lucrative Super Bowl

A 2012 Super Bowl between the Chicago Bears and New York Jets is one of the matchups that would give local businesses plenty to cheer about, experts say. National Football League officials have told Indianapolis to expect 150,000 visitors for the Super Bowl. If two prime teams make it, the number will be closer to 250,000.

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