A new vision for Speedway

June 20, 2007
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The Speedway Redevelopment Commission has unveiled its vision for Speedwaythe redevelopment of 400 acres bordered by Main Street, Olin Avenue, and 10th and 16th streets. They're calling it The Speed Zone and want to transform the area into a mixed-use, pedestrian friendly destination for race fans. The master plan is the culmination of more than a year of meetings and input from residents and businesses. You can find more information about the plan and the process here. What do you think of the vision, and can Speedway pull it off?
  • Great idea. The area surrounding the speedway has been in need of redevelopment for decades.
  • Anything that will improve Speedway is GREAT by me - though I don't live around there. I wonder how actual residents feel?
  • As long as Tony George stays 500 miles away from it, it could work. It's like the reverse of the midas touch with him. Look how he's killed the 500.
  • I was at the unveiling. I'm a former resident and graduate of SHS. The auditorium was packed and the vibe afterwards was positive and excited. Speedway is made up of a lot of senior citizens, and for them to be on board with this is huge. The planner did a great job presenting the argument and need for each facet of the redevelopment. I'm very excited to see how this turns out.
  • Is Tony going to pay for some of it? Moving 16th St. is an expensive proposition.
  • Maybe I missed this, but will this include residential? Is this going to make Speedway a cool place to live for the yonuger set now?
  • You're kidding, right? :) Speedway and cool fit together like Yugo and Formula One.
  • Maybe a good spot for a Nascar Cafe or an ESPN Zone.
  • So what's the next step with the Redevelopment? Will construction begin soon?
  • I'm a resident of Speedway representing the younger generation and I already think it's a cool to live! But only if you like small communities comprised of generations of wonderful people, 4-star schools, and racing! I really feel this is just one more step in the right direction! We love it here and plan on staying!
  • Have not seen a detailed time line for project. No real budgets have been presented to public. What is the first portion of the project that is going to be completed? Lot's of questions....minimal answers....

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  1. How much you wanna bet, that 70% of the jobs created there (after construction) are minimum wage? And Harvey is correct, the vast majority of residents in this project will drive to their jobs, and to think otherwise, is like Harvey says, a pipe dream. Someone working at a restaurant or retail store will not be able to afford living there. What ever happened to people who wanted to build buildings, paying for it themselves? Not a fan of these tax deals.

  2. Uh, no GeorgeP. The project is supposed to bring on 1,000 jobs and those people along with the people that will be living in the new residential will be driving to their jobs. The walkable stuff is a pipe dream. Besides, walkable is defined as having all daily necessities within 1/2 mile. That's not the case here. Never will be.

  3. Brad is on to something there. The merger of the Formula E and IndyCar Series would give IndyCar access to International markets and Formula E access the Indianapolis 500, not to mention some other events in the USA. Maybe after 2016 but before the new Dallara is rolled out for 2018. This give IndyCar two more seasons to run the DW12 and Formula E to get charged up, pun intended. Then shock the racing world, pun intended, but making the 101st Indianapolis 500 a stellar, groundbreaking event: The first all-electric Indy 500, and use that platform to promote the future of the sport.

  4. No, HarveyF, the exact opposite. Greater density and closeness to retail and everyday necessities reduces traffic. When one has to drive miles for necessities, all those cars are on the roads for many miles. When reasonable density is built, low rise in this case, in the middle of a thriving retail area, one has to drive far less, actually reducing the number of cars on the road.

  5. The Indy Star announced today the appointment of a new Beverage Reporter! So instead of insightful reports on Indy pro sports and Indiana college teams, you now get to read stories about the 432nd new brewery open or some obscure Hoosier winery winning a county fair blue ribbon. Yep, that's the coverage we Star readers crave. Not.