Articles

Stadium, airport terminal open

The $720 million Lucas Oil Stadium opened in August, just in time for the Indianapolis Colts’ season. Indianapolis International Airport’s $1.1 billion midfield
terminal, meanwhile, took off in November.

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Flat passenger counts not seen as threat to paying debt on midfield terminal

The big debt payments on the $1.1 billion midfield terminal at Indianapolis International Airport start coming due in January–just
as a recession hits and the battered airline industry cuts capacity. Despite the likely prospect of fewer passengers than
projected in the next year or two, airport managers say they don’t anticipate problems shouldering the roughly $40 million
a year in debt burden over the next 30 years for the new facility.

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Airport hoping to double ad revenue with digital push

Indianapolis International Airport officials hope to double advertising revenue, pushing it past $1 million, when the midfield
terminal opens in November. That income, officials said, is important because it helps ease pressure on cash-strapped
airlines, allowing them to focus on offering more flights. The airport relies on non-airline revenue, such as food sales and
advertising, for about 60 percent of its revenue.

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Mansur lands $50M midfield airport hotel

The Indianapolis Airport Authority has tapped Mansur Real Estate Services Inc. to develop a $50 million-plus Westin hotel
at the new midfield terminal. But the hotel’s final design may be one submitted by a former competitor, White Lodging Corp.
of South Bend.

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