City officials are scrapping plans to help finance construction of a long-awaited 21c hotel proposed as part of a $55 million redevelopment of Old City Hall and are putting the property back up for bid.
We encourage the city to be picky in selecting a winning bidder for the Old City Hall, which has been without a permanent use since the Indiana State Museum moved out in 2001.
Here’s a little-known fact: The city of Indianapolis has an ownership stake in two of downtown’s most luxurious hotels and has received nearly $1.2 million so far from one of the investments.
The convenience store chain would be able to keep the permits that two locations use to sell cold carryout beer—a hot-button issue for Indiana liquor stores. Renewing the permits might be trickier.
The company dreamed of becoming a major hospitality industry player and saw Grand Park Sports Campus as the place to hit a home run. But there were signs of trouble from the start, and unpaid bills quickly piled up.
The Indiana Senate has narrowly backed a proposal attempting to navigate regulations on short-term rentals amid a changing market that now includes companies like Airbnb.
The Indianapolis-based firm has filed plans for a 14-building project in Carmel with nearly 1 million square feet of office space, plus retail, restaurants and a dual-branded hotel.
Facility Concepts Inc., one the country’s largest commercial furniture makers, plans to move its headquarters and 117 jobs to a $10 million development in AllPoints at Anson by Duke Realty and Browning Investments.
In addition, the city said Thursday that the 400-acre sports campus has had a hand in sparking $491 million in projects still in the planning stage or preparing to start construction.
The crowd could approach 300,000, meaning more than $25 million in tickets for the track. Add concessions, merchandise, parking and hospitality, and revenue could pass $40 million.
