Local officials are betting big on Indianapolis’ continued success as a sports city by submitting two dozen bids for championship-level events slated through 2030.
Local officials say a few small protests related to the Breonna Taylor grand jury decision are planned this weekend in Indianapolis, but there’s little expectation the demonstrations will give way to destructive rioting like they did in May.
Loftus Robinson LLC partnered with an Indianapolis hotelier late last week to shore up financing for the project at the southeast corner of 16th and Main streets. Construction has been stalled since July 2019.
Dallas-based Mohr Capital has already broken ground on the first building in the master-planned Mohr Logistics Park—a 1 million-square-foot distribution center for Cooper Tire—and has several more in the early planning stages.
In particular, vacant spaces in higher-population suburbs should have no trouble finding new tenants, brokers say.
The basement of the Indianapolis Motor Speedway Museum is jam-packed with hundreds of vehicles that never go on display. Some of those cars are going on the auction block.
The determination to allow spectators at the 300,000-seat venue came from the Marion County Public Health Department.
Pete Ward, chief operating officer for the Colts, confirmed the 200% increase in the maximum-allowed crowd for the Sept. 27 game against the New York Jets.
The county health department said it was reducing the soccer team’s capacity at Lucas Oil Stadium to match what will be allowed at this weekend’s Colts game.
The Indianapolis Colts will be limited to 2,500 spectators at Sunday’s home football opener at Lucas Oil Stadium even though crowds for Indy Eleven soccer games at the venue have regularly doubled that figure since early July.
The town homes—all of which are expected to have three-bedrooms—would be available for lease to individuals and families with modest incomes, with an option to eventually buy the units.
While the convention center began seeing some activity during July, those events had very little impact on the venue’s operating income for the month.
Developers remain optimistic about multifamily developments in general across the city, but some believe additional affordable housing—and associated incentive deals—is needed.
The proposed project includes 234 multifamily units in the 2100 block of Central Avenue, along with nearly 12,000 square feet of new or redeveloped commercial space.
The plan will allow less than 4% of capacity for the team’s its home opener at Lucas Oil Stadium against the Minnesota Vikings on Sept. 20.
He has a big plan for the south side of downtown, but the plan is ever evolving and it will require hundreds of millions of dollars in investment and large-scale rethinking of development along the Interstate 70 corridor.
TWG hopes to receive incentives for the project from the city of Indianapolis, as part of a ”potential public-private partnership” supported by tax-increment financing.
The deal likely would make South Bend-based Bradley Co. the second-largest commercial real estate brokerage in central Indiana.
Overall attendance at Indiana Convention Center events has stagnated, but annual major conventions have seen explosive growth.
The Indianapolis Colts are cutting back on spectator capacity in their latest health and safety plan, with hopes of boosting crowds as the season progresses, depending on the course of the COVID-19 pandemic.