Indy Parks is grappling with the future of its 13 courses based on declining revenue and interest, and millions of dollars in eventual facility upgrades.
The Westfield residential development could grow to more than 1,000 acres by adding retail and office space to the mix and expanding its housing options.
The company, which saw sales rocket from less than $7 million in 2016 to $20 million in 2018, said it will invest $1.1 million into upgrading and expanding its headquarters.
Podcast host Mason King talked with Penske about his vision for some 950 acres in Speedway, and chats with Speedway Town Manager Jacob Blasdel and local developer Mike Wells about the possibilities.
The acquisition of Hulman & Co. will give Penske Corp. control of about 37% of all the land in Speedway, making the company the town’s single-largest landowner. Roger Penske said he wants to take advantage of that land.
A Westfield developer’s plans for 68 acres next to Grand Park include a major planetarium and space science center, laser tag venue, jump park, bowling alley, indoor/outdoor go-kart track and driving school.
Hopes were high nearly 2-1/2 years ago, when Ambrose was selected to redevelop the GM stamping plant site. But the deal has since fallen apart. Here’s the play by play.
The lion’s share of Fishers’ recent high-intensity development has taken place at East 116th Street and Interstate 69, but a wave of projects is coming together just to the south.
Outdoor recreation, the OR sector, is an important aspect of tourism. Many people happily travel great distances to visit picturesque and unique environs.
Westfield-based Henke Development Group is seeking approval for a 2,000-acre master-planned community with retail stores, apartments, an industrial park, a golf course and thousands of residential units along Interstate 65.
The casinos’ futures remain up in the air as the Indiana Gaming Commission looks into allegations that a former Indianapolis gambling company and one of its officers were involved in a federal campaign finance scheme.
Three housing and hotel projects are in the works at the former Fort Benjamin Harrison site in Lawrence, and planners hope these projects will accelerate efforts to redevelop part of the former U.S. Army base.
Experts around the country are now revising their forecasts about the spread of the virus, and several models in the past three days suggest that resuming normal activity would spur a significant increase in the number of cases and deaths.
Philip and Martin Low’s latest venture, Eradivir, was incorporated in February to develop a treatment that would fight the influenza virus, but COVID-19 prompted a tweak to the business plan.
