A powerful group of hoteliers that opposes a proposal to build a pair of hotels on Pan Am Plaza scored a victory in the Legislature. But the plan to construct the project remains very much alive.
Some of the biggest hotel operators in Indianapolis say the city would not be able to absorb the 800-room and 600-room hotels planned by Kite Realty Group Trust alongside the proposed expansion of the Indiana Convention Center at Pan Am Plaza.
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.
A bill filed by Senate Appropriations Chairman Ryan Mishler would extend the life of multiple tourism- and entertainment-related taxes that help fund the Capital Improvement Board and expand the footprint of what’s known as the Professional Sports Development Area to capture even more tax revenue for the CIB. But there’s a catch.
Nearly 30 years after coming to Indianapolis to head the city’s convention efforts, Barney Levengood is retiring later this year.
The Capital Improvement Board of Managers will ask lawmakers for more long-term funding that could be used in part for improvements at Bankers Life Fieldhouse. The governor says he’s ready to listen.
Under an agreement with the state, FFA will receive $500,000 annually over the seven-year extension, which will help pay for convention-related expenses.
The National FFA Convention & Expo says the event, which draws nearly 70,000 visitors, had an estimated economic impact of $39.8 million when it was hosted here this year.
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.
City convention officials are gearing up for a big financial ask of the Indiana General Assembly next year as they set out on a $120 million expansion of the Indiana Convention Center at Pan Am Plaza.
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.
The highly interactive and sophisticated Blue Room at this year’s National FFA Convention & Expo knocked the socks off thousands of students at the Indiana Convention Center. The initiative to highlight the advances in agricultural technology will continue year-round online.
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.
Since its first iteration opened in 1972, it’s undergone four major expansions. The last one, completed in 2011, increased its size to six city blocks and more than 566,600 square feet of exhibit space—or 745,210, if you include nearby Lucas Oil Stadium.
Whether Seattle-based Gen Con and local officials can now reach an understanding on technology could spell the difference between Indianapolis’ hanging onto its most prized convention and potentially losing it to another city.
A study commissioned by Visit Indy says officials are counting on a new downtown mega-hotel to generate nearly half its own business without relying on conventions.
The number of tourism and hospitality jobs in Indianapolis also grew—from 77,800 in 2015 to 80,600 in 2016, according to the report.