The organization behind the world’s largest racing trade show has purchased an office/industrial building in Speedway where it plans to open a headquarters for its new membership program.
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One of Indianapolis’ largest trade shows abruptly fired its top executive this week without explanation, just days after welcoming 50,000 attendees to its show at the Indiana Convention Center.
The trade show in a typical year brings upwards of 67,000 people to the Indiana Convention Center and generates an economic impact of $65 million. Last year’s event had 1,100 exhibitors and 3,300 booths.
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.
The Performance Racing Industry expo’s attendance over the weekend in Indianapolis surpassed 55,000, as exhibitors reported best-ever sales.
The Performance Racing Industry Show has grown into one of the biggest international draws of any trade show or convention held in Indianapolis.
Three years ago, a long-term deal to keep the PRI Show in Indianapolis would have been almost unimaginable. The event with a $45.6 million annual economic impact now could be a fixture.
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.
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.
The show held in Indianapolis Dec. 3-4 is picking up speed much faster than event organizers and local
convention and tourism officials expected. But the nation’s biggest motorsports trade show, Performance
Racing Industry Show, is considering competing with the local show head-on in 2010.
The locally based Custom Electronic Design & Installation Association will bring its fall trade show back to Indianapolis
in 2011 and 2012—making good on a promise to return after a $275 million expansion of the Indiana Convention Center.
Still stinging from the city’s loss of the giant Performance Racing Industry trade show in 2004, a group of local motorsports
business advocates is racing to put on a competing event.
