Hoteliers are getting a significant boost again this year from the Indianapolis 500, with most of the hotel rooms within 10 miles of the event already spoken for throughout the weekend.
Representatives for the outdoor living-history museum in Fishers told the Carmel Plan Commission on Tuesday night that the project will involve developing a smaller percentage of land on the west side of the river than originally planned and downsizing a proposed hotel.
For the travel industry, the big question is how long consumers can keep paying for airline tickets and accommodations while they deal with stubborn high inflation, news about layoffs and bank failures, and fear of a recession.
The CIB’s Andy Mallon, Visit Indy’s Leonard Hoops, Indiana Sports Corp.’s Patrick Talty, Arts Council of Indiana’s Julie Goodman, Indy Hub’s Al Carroll and Downtown Indy’s Taylor Schaffer join Mayor Joe Hogsett in
The stubbornness of high inflation is dividing the Federal Reserve over how to manage interest rates, leaving the outlook for the Fed’s policies cloudier than at any time since it unleashed a streak of 10 straight rate hikes.
Representatives for Indianapolis Mayor Joe Hogsett said a feasibility study is expected to be completed before a full City-County Council vote set for June 5.
The May 18-20 event will feature more than 175 speakers and panelists, incluing actors Neil Patrick Harris, Drew Barrymore and Jessica Alba, as well as rapper Busta Rhymes and music producer Timbaland.
But Mayor Joe Hogsett, a Democrat seeking a third term, says the plan will ensure Indianapolis’ hospitality industry remains nationally competitive by making room for larger events.
Control of the Pan Am Plaza site would allow the city to move forward with its plans to redevelop the property with the 40-story Signia by Hilton hotel.
Republican Jefferson Shreve said he disagrees with the decision by Mayor Joe Hogsett’s administration to take over financing and ownership of the $510 million Signia by Hilton—a key part of the city’s convention strategy.
