Pan Am Plaza building exodus

February 8, 2008
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IBJ reported Jan. 21 that USA Diving, USA Gymnastics, USA Track & Field and U.S. Synchronized Swimming were considering relocating to the Disciples of Christ building on East Washington Street. None of the officials for those sports-sanctioning bodies would confirm the move.

Some sources hinted that the Indiana Sports Corp. was somehow involved in the move, but ISC officials denied it.

Officials for NAI Olympia Partners, a locally based real estate brokerage firm that handles the Disciples of Christ building, declined to comment.

Four days after that story ran, USA Diving, U.S. Synchronized Swimming and USA Track & Field submitted a government filing indicating they will renovate 16,400 square feet at 132 E. Washington St., which is the Disciples of Christ building. There’s no word on USA Gymnastics’ plans.

USATF is located in the soon-to-be demolished RCA Dome, while the other three are located in the Pan Am Plaza. Sources had said the four bodies are looking to possibly consolidate themselves into one home.

Meanwhile, real estate experts said, California-based Coastal Partners LLC, which bought the Pam Am Plaza building from ISC in 2003 for $8 million, is looking for more for-profit corporate clients for its building in an area soon to be adjacent to a sparkling new Convention Center expansion and the $700 million-plus Lucas Oil Stadium.

Is finding a common home a good move for the sports-sanctioning bodies? And what is the future of the Pan Am Plaza?
  • Co-location of these governing bodies seems like it would provide an opportunity to look at potential synergies within their operations and reduce costs, right? Bottom line is I'm glad they all continue to see Indianapolis as the place where it makes sense for them to call home...and if co-locating is one strategy that will allow them to extend their stay here in Indy - great!

    I predict that as soon as ISC sells the building and Plaza, they will be re-locating as would make sense for them to be close to these 4 organizations - anyone know if there is additional space available in that building?

    Also worthwhile to note that the 500 Festival (who of course put on one of the largest annual sporting events in our city) is right around the corner from this building in their new digs...
    SO the real question is back in the first quarter of 2008 what was the going square footage rate? What would have 32000 sq feet cost annually? If you throw in an 12 year lease does that help or hinder the price? Inquiring minds would love to know.

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  1. Really, taking someone managing the regulation of Alcohol and making himthe President of an IVY Tech regional campus. Does he have an education background?

  2. Jan, great rant. Now how about you review the report and offer rebuttal of the memo. This might be more conducive to civil discourse than a wild rant with no supporting facts. Perhaps some links to support your assertions would be helpful

  3. I've lived in Indianapolis my whole and been to the track 3 times. Once for a Brickyard, once last year on a practice day for Indy 500, and once when I was a high school student to pick up trash for community service. In the past 11 years, I would say while the IMS is a great venue, there are some upgrades that would show that it's changing with the times, just like the city is. First, take out the bleachers and put in individual seats. Kentucky Motor Speedway has individual seats and they look cool. Fix up the restrooms. Add wi-fi. Like others have suggested, look at bringing in concerts leading up to events. Don't just stick with the country music genre. Pop music would work well too I believe. This will attract more young celebrities to the Indy 500 like the kind that go to the Kentucky Derby. Work with Indy Go to increase the frequency of the bus route to the track during high end events. That way people have other options than worrying about where to park and paying for parking. Then after all of this, look at getting night lights. I think the aforementioned strategies are more necessary than night racing at this point in time.

  4. Talking about congestion ANYWHERE in Indianapolis is absolutely laughable. Sure you may have to wait in 5 minutes of traffic to travel down BR avenue during *peak* times. But that is absolutely nothing compared to actual big cities. Indy is way too suburban to have actual congestion problems. So please, never bring up "congestion" as an excuse to avoid development in Indianapolis. If anything, we could use a little more.

  5. Oh wait. Never mind.