No deal yet on JW Marriott

April 19, 2007
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The city and two local developers still are working on an agreement for a $250-million hotel complex including a JW Marriott near White River State Park. The parties had hoped to reach agreement by April 1. There are no hangups preventing the deal, only many details to work out, Barbara Lawrence, executive director of the Indianapolis Local Public Improvement Bond Bank, tells Property Lines. The details include a new look for the 1,000-room hotel. The developer, a partnership of Merrillville-based White Lodging Services Corp. and Indianapolis-based REI Real Estate Services, could get city incentives worth about $48.5 million.
  • Wasn't Whiteco primarily selected based on timing considerations? Given that they're 20 days behind on a deal, it sure seems like the city doesn't give a damn about how fast this project moves forward.
  • I find the timing considerations to be humorous as well. Given that the developer wanted to do 800 rooms and the city 1000, I'm assuming that the initial hangup dealt with that. I'm anxiously awaiting the new design.
  • Perhaps if the City had gone with the more adventurous, interesting Browning proposal, they wouldn't be so far apart in their negotiations.

    That being said, I can't wait for the new design. The existing rendering is terribly generic.

    He had forgotten his first building, and the fear and doubt of its birth. He had learned that it was so simple. His clients would accept anything, so long as he gave them an imposing façade, a majestic entrance and a regal drawing room, with which to astound their guests. It worked out to everyone's satisfaction: Keating did not care so long as his clients were impressed, the clients did not care so long as their guests were impressed, and the guests did not care anyway.
  • A suggestion -- I think this blog should adopt a rule barring any quoting from The Fountainhead.
  • The city's excuse for picking Whiteco is a complete joke. I pray that the deal falls through so we won't end up with Hotel Mundane.

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