Business and Economy

Tropicana to be sold

Apr 17, 2018

Tropicana is selling its Evansville casino and other properties as part of a major merger. 

Tropicana Entertainment has announced it’s entered a definitive agreement to sell Tropicana’s real estate to Gaming and Leisure Properties, Inc, in a $1.85 billion deal.

The company’s real estate includes a new land-based casino on Evansville’s riverfront, along with two adjacent hotels, and a currently unoccupied strip of restaurants and clubs called The District.

The effort to preserve the New Harmony Bridge has received a financial boost.

In a news release, the Harmony Way Bridge Project Committee announced a $50,000 pledge from the Kent and Laurie Parker Family Foundation.

The committee said the gift will help offset expenses of restoration and physical improvements to the span over the Wabash River, which supporters hope to turn into a pedestrian space.

Project Director Lora Arneberg said the gift is “structured to enable work on the bridge to begin when the time is appropriate.”

Ground to be broken for Downtown Hyatt

Mar 27, 2018

An official groundbreaking is planned this week for a new hotel in Downtown Evansville. 

Mayor Lloyd Winnecke and representatives of Kinship Hospitality will turn dirt Friday morning for the planned Hyatt Place Downtown at 2nd and Chestnut streets.

A news release from the Southwest Indiana Chamber said the hotel represents a more than $18 million investment in the community.

The 5-story hotel will feature 139 rooms, a bar-lounge, an indoor pool, a fitness center, meeting rooms, and an outdoor fire pit.

Evansville chosen for plant expansion

Mar 13, 2018

Evansville has been chosen for a major corporate expansion. 

Berry Global plans to add 150 new jobs over the next couple of years as part of an expansion at its downtown Evansville location.

That information came in a news release from the Indiana Economic Development  Corporation Tuesday afternoon. The company is investing  more than $70 million for new equipment, adding four new thermoforming lines.

Last call: Ri Ra's shuts down

Mar 6, 2018
John Gibson

A Downtown Evansville restaurant has closed its doors. 

Officials at Ri Ra’s announced in a tweet that the Irish pub on Riverside Drive has closed after what officials called “12 great years in Evansville.”

In the announcement, the restaurant cited increasingly difficult trading conditions.

The officials said Ri Ra’s landlord, Tropicana Evansville, had been extremely supportive in attempts to “find a path forward” but both agreed there was no option but to close the pub.