Hospitality industry observers say this is far from an ideal time for Kite—a publicly traded real estate investment trust specializing in shopping centers—to veer outside its core business and tackle what would be a risky and colossal project that easily could cost more than $600 million.
A record 28.8 million people visited the Indianapolis in 2017, generating a $5.4 billion economic impact, according to figures released Wednesday afternoon by Visit Indy as part of its State of Tourism event.
The Capital Improvement Board will seek at least $8 million from lawmakers to help fund what officials say will be a 25-year plan for improvements in the Indiana Convention Center, Bankers Life Fieldhouse and other facilities the CIB owns.
The hotelier announced Friday morning that information for hundreds of millions of guests who stayed at its Starwood properties has been compromised. Credit card numbers and expiration dates for some guests may have been taken.
Guest host Lindsey Erdody (in for Mason King) talks with IBJ reporters Hayleigh Colombo and Anthony Schoettle about the public-private project, the city's convention business and what remains unknown about the Pan Am Plaza project.
The Capital Improvement Board has selected a Kite Realty Group plan from among three proposals in its effort to expand the city's convention capacity. The CIB is expected to vote Friday to move the project forward.
Attendance for this year’s Red Bull Air Race at Indianapolis Motor Speedway was down only slightly from a year ago. The event was in the third year of a three-year contract, but IMS officials aren’t ruling out a return.