Articles

Indiana paying $71M more on Lucas Oil Stadium debt

The Indiana Finance Authority is paying about $71 million to Goldman Sachs Group Inc. to end an interest-rate swap as part of a bond sale to refinance debt for Lucas Oil Stadium. An additional $34.7 million is being paid for the Indiana Convention Center.

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New hotels to arrive in downtown Indy just as visitor traffic slows

For the past 15 years, downtown hotel developers have moved masterfully in lock-step with demand. But with Indianapolis’ convention business showing signs of slowing in 2015 and 2016—right about the time three new hotels are scheduled to open—that streak might crash to a halt.

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Political conventions fell short on return on investment

Daunting scheduling and fundraising challenges led city officials to walk away from opportunities to bid on the 2016 national conventions for both Republicans and Democrats, but the city’s latest Super Bowl setback might make the 2020 political conventions alluring.

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IUPUI to show off elaborate game at Gen Con

The entire Indiana Convention Center will be the stage for the game, which uses video mapping and projectors that will create a large crystalline display showing the game results. The four-day Gen Con event begins Thursday.

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Deal to save racing show had many twists, turns

In a matter of a few months, operators of the Performance Racing Industry show and its upstart rival, the International Motorsports Industry Show, went from being bitter rivals to merging—a deal that will return the world’s largest motorsports trade show to Indianapolis next December.

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Lucas Oil Stadium meeting revenue expectations

Roughly four years after it opened its doors in late 2008, Lucas Oil Stadium appears to have crossed the threshold of dollars that its creators anticipated from hosting events beyond the scope of the Indianapolis Colts.

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