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CIB OKs $2.6M in carpet upgrades for convention center

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The Capital Improvement Board of Marion County plans to spend about $2.6 million to replace all 370,000 square feet of carpeting at the Indiana Convention Center.

Members voted 8-1 Monday to fund the renovation in an effort to make the transition between the aging center and its new addition seamless. The 254,000-square-foot expansion in downtown Indianapolis is set to open next month.

The new carpeting should be installed by May and will replace floor coverings that are up to 14 years old.

Don Welsh, CEO of the Indianapolis Convention & Visitors Association, said the upgrade is integral to promoting the building to prospective clients whose convention needs don’t warrant use of the new space.

“It will bring parity to the two buildings,” he said. “I think this would be one of the most prudent investments you could make when you take into consideration the $1 billion [spent] between the two buildings.”

Welsh was referring to the $720 million price tag of Lucas Oil Stadium and the $275 million convention center addition. With the two facilities, the ICVA now will have 1.2 million square feet of convention space available to market.

CIB Executive Director Barney Levengood said some of the carpeting in the existing center is so worn that CIB staff avoids showing those parts of the building to potential clients.

CIB board member Michael McQuillen cast the lone dissenting vote.

“I don’t get the argument we’ll lose clients because they don’t want to be in the old space because it doesn’t have new carpet,” he said.

But fellow CIB board member Douglas Brown argued the carpeting will need to be replaced at some point, so “if we’re going to have to bite this bullet anyway, let’s go ahead and do it.”

CIB, which operates major city sports facilities as well as the convention center, budgeted $5.8 million for capital improvements this year.

The cash-strapped CIB continues to improve its finances by growing revenue and trimming expenses. Through October, the organization is $14.4 million ahead of budget.

Levengood said the carpeting would be bought through a state purchasing program to ensure CIB receives the most competitive price. CIB will reimburse the state for the expense, Levengood said.
 


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  • Kudos
    This is an absolutely vital piece of the convention center expansion that had to be resolved. If there is a ridiculously apparent line between "new" and "old" any client in the "old" portion of the center will feel like a second-class citizen. This building must work as a whole, and this a huge step toward giving continuity between each section (this is actually the 4th expansion). I applaud the CIB for making cuts in other places and moving this project forward because conventions bring real money and jobs to this city.
  • Yeah, cause that $750 million football stadium has done little to help Indy and it won't be a major draw to help fill the expanded convention center.
  • Pay No Attention to the Wizard Behind the Curtain
    Seems to me that David Frick at the Indiana Stadium and Convention Building Authority should be getting the bill, not the CIB.

    People seems to forget his organization short changed the convention center when they cut the original $500 million convention center expansion budget to $250 million and shifted it into a $750 million football stadium.

    He and his organization should be getting as much press as the CIB and ICVA.


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  1. The lack of street-level retail in this part of the Block 400 development is a huge oversight and somewhat perplexing given the high quality of recent city-backed developments downtown. This portion of an otherwise stellar development is going to have an extremely negative impact on the aesthetics, urban environment, walkability, and livability of the NW quad.

    I'm not sure why One America would oppose including retail. And I find it very hard to believe that the thousands of office workers literally footsteps away wouldn't be able to support new lunchtime destinations and other businesses along Illinois and Vermont. We've got to reconnect the disjointed segments of our blossoming downtown, not create yet another lifeless dead zone that no one wants to walk through. Sadly, that is exactly what this massive ugly single-use structure will accomplish.

    Why not follow the precedent set by the proposed garage in Broad Ripple and create an attractive mixed-use structure? Why does the city get it there but not downtown?

  2. Bear mind that DS is just not another lazy, rich kid. He attended Columbia grad school and was in investment banking for 4 or 5 years before joining his dad's company. An annual grant of stock options at market price would be the correct pay-for-performance program then no one could argue with it.

  3. This comes from an executive who gave his wife a Bentley as a wedding present. He is heir to billions of dollars. He should be working for a dollar a year and stock options only. Seems like a conflict of interest, time to bring in a non-relative as CEO. Haven't met him, but have heard his arrogance is legendary.

  4. If the property is improved, property taxes increase - more revenue. If AUL's employment grows, more income taxes - more revenue. If more people move and/or work downtown, it means more demand for goods and services, more employment, more taxes - more revenue, etc., etc. It's not just the city throwing money at big companies. There's much, much more. Yes, the project has private backing, but apparently not enough to make the deal work and therefore they don't have it covered. And while Marsh is a nice anchor, they are no credit tenant like a Kroger or somebody. And if the police department has a major shortfall, they need to reduce the force. This city has way too many policemen.

  5. It's hard to defend billionaires, but David Simon has created a tremendous amount of value for shareholders since joining the company. He is widely regarded as one of the best CEOs in America. The company is growing and making good strategic decisions. And Indy is fortunate to have SPG HQ'd here. Now, does that merit $120 million (about 15 mil over 8 years or so)? Maybe. But this family and David have truly built a business. Should Zuckerberg be worth $20 bil? Who knows. Hopefully David will be supportive of Hoosier charities like his family has.

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