Officials are emboldened by the financial results of the city’s first time hosting the NFL championship game in February, which produced a direct economic impact of $176 million, according to a study commissioned by the Indianapolis Super Bowl Host Committee.
Indianapolis hotels could no longer ban contract workers from direct employment under an ordinance passed Monday night by the City-County Council.
CIB and city tourism leaders say that the money was well spent considering the game could translate to $300 million in direct visitor spending over the next several years.
The National Art Museum of Sport is considering leaving Indianapolis, a possible move stemming from the planned conversion of its home at University Place Conference Center and Hotel into a student residence hall for IUPUI.
In a stunning move, IUPUI has decided to close the University Place Conference Center and Hotel on West Michigan Street and will use the space for student housing, dining and classrooms.
Ball State University plans to build a $25 million hotel in a building that will also have student-housing space, conference rooms and two restaurants.
Speculation is deemed premature despite rising occupancy rates.
The annual Fire Department Instructors Conference attracts nearly 30,000 visitors to downtown. But with Race for the Cure on Saturday, demand for hotel rooms is even stronger, particularly toward the end of the week.
Preliminary financials show the board that manages the city’s sports and convention facilities so far has lost nearly $350,000 due to the Super Bowl. That figure is expected to grow to $800,000.
NCAA swimming championships being held at the IU Natatorium this week kick off six years of collegiate swimming championships that are expected to generate millions of dollars for the local economy.
Curators have selected 24 contemporary artists to create work for hotel, to be known as The Alexander.
The hotel, owned by an affiliate of Dora Brothers Hospitality Corp., says its largest creditor is New York-based German American Capital Corp., which is owed $12 million.
After winning national praise as the host of Super Bowl XLVI, Indianapolis has a shot at four major conventions planned for next year and beyond.
There’s no doubt the Super Bowl crowds showered Indianapolis with cash all week. The question is, how much of it will stick after the big game is over? And how much will it mean to Indianapolis’ economy?
Talk of bringing another Super Bowl to Indianapolis began soon after week-long festivities kicked off for the 2012 game, but city leaders will have to find a way to generate more revenue for the NFL and its 32 team owners for Indianapolis to muscle its way into a regular Super Bowl rotation.
The game will be a sellout no matter which teams are playing. But a showdown between the New England Patriots and New York Giants is particularly intriguing from an economic impact standpoint.
The Capital Improvement Board, which manages Lucas Oil Stadium, is budgeting for an $810,000 loss on expenses related to the game. The city, however, expects a $200 million economic impact.
The Indianapolis Convention & Visitors Association booked nearly 735,000 hotel room nights in 2011 for conventions and meetings.
The lawsuit alleges that the hotels and subcontractor Hospitality Staffing Solutions regularly failed to pay employees for all the hours they worked and forced them to work off the clock without breaks.
The Indianapolis Convention & Visitors Association has launched a 25-day, $100,000 ad campaign to lure visitors to the city in the days leading up to the Super Bowl. The campaign targets the Chicago, Cincinnati and Louisville markets.
