IBJNews

Openings launch new era for Indianapolis tourism

Back to TopCommentsE-mailPrint
Year In Review
More
Stories
State's economy stuck
                              in neutral Indictment: Durham looted Fair Finance Ballard cruises to second term City backs string of high-profile projects Manning's injury sends Colts into tailspin Downtown mall stung by loss of Nordstrom Right-to-work battle derails legislative session General Assembly overhauls K-12 education Real estate meltdown leaves developers reeling Spate of Indiana firms lines up for IPOs Rolls-Royce relocated 2,500 jobs to downtown Openings launch new era for tourism biz Patent expirations up pressure on Lilly Las Vegas crash saps IndyCar momentum


Newsmakers
Simon
                              takes on Amazon.com Melangton Daniels White in crosshairs as reformers target IPS

The $275 million Indiana Convention Center expansion was completed in January, and the 1,005-room JW Marriott opened the following month.

But while the projects marked the start of a new era for the city’s tourism industry, the man who helped lead the charge for aggressive expansion, Indianapolis Convention and Visitors Association CEO Don Welsh, wasn’t here to see it come to fruition.

Welsh, ICVA CEO since 2008, caught local tourism officials off guard when he announced Jan. 2 that he was leaving to become CEO of the Chicago Convention & Tourism Bureau.

Undaunted, ICVA pressed ahead with plans to compete for corporate meetings and conventions with the likes of Chicago, Orlando, Las Vegas and San Diego.

ICVA officials spent 2011 crisscrossing the nation touting the city’s new midfield airport terminal, Lucas Oil Stadium, and the expanded convention center and growing downtown hotel market.

By all accounts, the effort paid off, as hotel room nights sold increased more than 10 percent over 2010. The JW Marriott alone sold 200,000 room nights in 2011.

The Convention Center expansion was part of a long-term plan to bolster the vitality of downtown and attract millions of additional dollars in visitor spending.

But the project was not without risk. It cost $275 million to build, and convention center operating expenses rose from $6 million in 2010 to $11 million in 2011.

The city’s Capital Improvement Board, which owns the Convention Center, anted up another $2.6 million for upgrades to the old convention space so it will match the addition.

The state financed the bulk of the expansion by selling bonds. The money to pay off the bonds and some operating expenses is coming from a stew of taxes on hotel rooms, meals and rental vehicles.

From the mid-1990s to 2008, the city booked about 500,000 room nights annually. The ICVA ramped up sales efforts and booked about 650,000 hotel-room nights in 2009 and 2010. The goal is to reach 850,000 by 2015, said ICVA Chief Financial Officer James Wallis.

If those goals aren’t met, the city will have difficulty paying to operate the expanded facility.

The man charged with reaching those goals is Leonard Hoops, who succeeded Welsh in March. Hoops previously was executive vice president and chief customer officer of the San Francisco Travel Association.•


ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. City-County Councilor Angela Mansfield and Bob Lutz have a case of wishful thinking.

    They obviously don't really care about the cost.

    They should.

    Extending Federal Benefits to Same-Sex Couples Will Cost $898M, CBO Says

    http://www.foxnews.com/politics/2009/12/22/extending-federal-benefits-sex-couples-cost-m-cbo-says/

  2. Brett, be careful what you lie about, the truth always comes out.

    "IMS's George Honored: Tony George, Indianapolis Motor Speedway president and chief executive officer, received the inaugural Pioneering and Innovation Award at the Autosport Awards Dec. 5 in London for his leadership in the development of the Steel and Foam Energy Reduction (SAFER) Barrier. George received the award at the annual gala at the Grosvenor House on behalf of the creators of the SAFER Barrier from Prince Salman Bin Hamad Al Khalifa, the leader of the Bahrain International Grand Prix circuit. This is the fourth major award that has been presented to honor George and the SAFER Barrier development team. The SAFER Barrier also received the Louis Schwitzer Award, SEMA Motorsports Engineering Award and GM Racing Pioneer Award in 2002. The SAFER Barrier was installed in all four turns of the Indianapolis Motor Speedway a pioneer in safety for drivers, cars and tracks -- in time for the 86th Indianapolis 500 in 2002. It since has been installed at more than a dozen other tracks, and the latest iteration will be installed at the Speedway in the spring.(IMS PR), see more on my Indy Track News page.(12-7-2004)"

    As far as the cart safety team, I cannot find anything on its date of creation. The Delphi Safety team was created in 1996. For some reason there is not much info out there on defunct racing series.

  3. Great article Anthony. Glad IMS is finally being run like a business and not a personal check book to finance the "Vision".

    Things are looking up but 15 years of scorched earth won't be fixed overnight. Unfortunately the TV ratings are still poor and that won't change anytime soon with the brilliant 10 year contract signed under the former regime.

  4. Brett not sure why you wonder what he said in his quote. "''I would like to jump in a time machine, go back to 1995, and tell the owners and Tony George not to split,'' Franchitti said. ''As soon as my time machine is done, I know where I'm going.''"

    Pretty clear, he would love to go back and tell TG and the team owners not to split.

    I am not sure there is anyone who wanted the split, and I don't think there is anyone who would not like to go back and prevent the split. But, as has been discussed ad nauseum, without the split carts management by team owners would have run all of ow racing into bankruptcy. If cart had such a wonderful product, then losing IMS would not have forced it into bankruptcy. If NASCAR lost Daytona or Charlotte, it would not fail like cart did.

    Truth,

    So you predicted that cart would go into bankruptcy and cease to exist while Indycar would continue on? I missed that prediction.

  5. I want to live in a city that has a garage structure to be proud of for it's innovating design!

ADVERTISEMENT