All-in cost of Pan Am Plaza hotel, convention center expansion might surpass $1.6B

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12 thoughts on “All-in cost of Pan Am Plaza hotel, convention center expansion might surpass $1.6B

  1. Unlike many conservatives, I favor this investment and what it can mean for all of Central Indiana. Some mistakenly look at Indianapolis and Marion County in isolation…it is crucial for all of us in the Metro area that Indianapolis and Marion County grow. Now, about that pesky murder spree…..

    1. Thank you for your comment John. Too many suburbanites just want to take jabs at Indianapolis without keeping in mind that the very suburbs they live in exist only because of the city. As Mayor Hudnut famously said, you can’t be a suburb of nothing!

    2. Yes that pesky murder rate, let alone the not added homicides, so near double that.
      Conventions are a key to growth, so spend, but not see it will be a zero sum expenditure.

    1. it isn’t dead during conventions and colts games but yes there needs to be more to do over in that area.

    1. I would delete my prior comment if possible because Robert was rightfully referencing the bond investors noted in the article. Sorry about my quick trigger.

  2. I do not share the optimism on this project as the previous comments shared but hope that I am wrong and that it is a successful and amazing venture. But the risk is very real and I would much prefer to see the private sector take the risk than the city stepping in. It’s always easier to spend someone else’s money.

    1. Whose money do you think funds the “private sector” real estate investments? (That would be your life insurance company and your 401k/pension fund.)

      It’s ALL “someone else’s money” no matter who sells the bonds. The bond buyers are the same.

  3. I think this is a great thing for Indianapolis and I’m glad they pulled the trigger to make it happen. Obviously the private sector was not going to step forward and get it done.

  4. I’m all in this overdue project. It would have been nice to see the tower rise sooner with all the activities slated for downtown next year (NBA all star game, Taylor Swift, etc.etc.)

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