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CIRDA awarded a $4M grant to help build a luxury downtown in one of the hottest real estate markets in the state?
honestly crazy
Yeah, don’t you know that CIRDA is only supposed to give grants to billionaire backed luxury developments in downtown Indianapolis like the Circle Centre redevelopment?
Every city in Hamilton county is developing projects like this. It’s actually what’s needed to attract out of state talent and retain instate talent to stay in Indiana. To be honest, it’s something the Westfield has to do to compete.
Nonsense
If Westfield didn’t juice it with government incentives and tax breaks, we’d have tumbleweeds blowing through the entire town within 6 months.
You sir are correct!! Everybody that’s Anybody knows it also. Smart man!!!!!
No matter what is developed Westfield or any city should not own hotels and entertainment venues. They are interfering with the private sector when they start running businesses. Government has endless money the private sector does not.
That argument is backwards thinking and the very reason why Indiana gets left behind by other more progressive states like Tennesse and other sunbelt states. Indy for example had to step in to build the new signia hotel downtown when the private sector couldn’t secure favorable loans. Indy knew to retain the largest conventions in the state the city had to react and FAST. Indy was in serious jeopardy of losing those conventions to other cities like Nashville and ATL. People must remember that a city is ran like a Fortune 500 company and that it’s in the business of generating money. The other hotels downtown Indy complained that a new large hotel would saturate the market yet independent studies showed that if Indy wanted to retain its current inventory of conventions and to lure another Super Bowl, NFL Draft or GOP convention, more hotel rooms was definitely needed. In Westfield’s case, it’s the trying to build off the success of Grand Park. When out of state visitors come to your city, they need things to do besides eat at restaurants. You have to provide extra entertainment. Westfield is doing what every city in Hamilton county is currently doing and that’s building a better quality of life for family’s and out of state transplants. You have to build an environment to lure companies and out of state talent. The cities and states that gets the concept will benefit while those that dont will wither away like dry grass with population lost. Look at Anderson and Muncie Indiana for examples
Out of control development…