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I never saw the investment strategy for a hotel in that location. Speedway is becoming a wonderful neighborhood but there’s literally no demand in that location unless there’s a big race going on. It wasn’t surprising to me as a real estate investor the funding dried up. I do hope they finish the project though. It looks terrible from the street and it’s piling on costs to the project I’m sure.
I think the hotel would actually generate a lot of business. Proximity to Downtown is the biggest factor in my opinion, but the Speedway also attracts tourists for the museum and golf course.
So basically, Wesley has no real idea what he’s talking about, as usual.
Don’t you know Murray that Wesley is from California so that automatically makes him an expert on everything in Indiana.
Bad location for a hotel and boys trying to play a men’s game = this mess…
It will be interesting to see if this bizarre partnership performs. They both have a reputation of not paying their bills.
Maybe it’s time to convert it to apartments.
Good idea Stephen.
As a business owner on Main Street we were excited to have this project started and completed. We thought it would be a great addition to the redeveloped portion of Speedway. Have been witness to the eye sore for too long. Get this project started or reconfigure something else. Three years sitting idle has been frustrating to say the least.
Chris, hopefully it’s finished into apartments. Like previous comments mentioned that’s the easiest and best use for the structure at this point. Speedway is fun! I hope business is great for you!
A parking lot would be much more useful and attractive.
Loftus Robinson will never perform. They have mountains of debt to contractors and think they can ignore and it will all disappear. They are a very shady group.
They have taken care of this. Comment rescinded