City considering additional $25M in funding for Pan Am Plaza project

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12 thoughts on “City considering additional $25M in funding for Pan Am Plaza project

  1. It’s a necessary evil but it looks like Fed policy is killing this opportunity. I hope they will come to terms and start the project because it looks beautiful. Could be another landmark building for downtown.

    1. Jaron W.
      Agreed!
      Hopefully the grandeur of the design and the number of floors will not
      diminish.

      This could be a very awesome addition to our skyline which is badly needed.

    1. Hi Mike,

      Just wanted to note that back in August I included a sentence about that tower in my story on new renderings for the project:

      “Another rendering shows the full scope of the development, including the second-phase hotel and a third tower on the northeast corner of Capitol Avenue and West Louisiana Street. Kite’s [spokesperson] said the tower is a “potential future development opportunity,” but declined to elaborate.

      They haven’t been willing to share any additional details about that component, or why it’s included in renderings but mentioned elsewhere.

      Full story: https://www.ibj.com/articles/kite-expects-to-secure-financing-for-pan-am-plaza-project-by-end-of-year

  2. At this point the city has no choice but to build this project and expand the convention center. The city is at a point of no return. Nashville is building a new stadium for the Titans and have said publicly that they intend to steal Indys largest conventions. Make no mistake about it, the competition is getting stiffer and the city can’t afford to not build this project. Gen Con and other events already said they’ll only return if this project is built. We already lost the NFL combine, who’s next to leave because indy tries to play it safe and conservative all the time?

    1. Kevin P.
      Agreed completely!
      We have to build it to remain competitive.
      Nashville will be a fierce competitor once they build their new facilities.

      Indy must be unapologetically bold and aggressive.

  3. I would also add that indy has been successful at luring sporting events and some conventions here but are now eyeing larger ones. Places like Chicago, LA, Vegas, Miami, ATL and NYC don’t rely so heavily on the same conventions and sporting events indy does because they’re tourist industries are more robust than ours. These cities have several other ways to attract tourist than indy ever could. So they’re totally fine with indy and it’s peer cities fighting over conventions and sporting events. Indy needs to capitalize on things on every opportunity possible and city leaders need to understand that this is an ongoing process that never ends. The city has to keep developing new attentions and shiny new facilities to lure people here vs more attractive destinations. Although a city is a place to live and raise a family, it’s still a place of business and must also be ran like a Fortune 500 company that’s open for business to make money

    1. Robert H.
      I’ve thought that too. Adding a few floors of condos would make the project
      taller and more visible.
      Big shinny objects such as this definitely will stay in people’s minds long after
      their visit.

      New towers and cranes show progress, commitment, and pride.

      What are onevof the main things people remember about visiting their downtowns. It’s always the skyline.

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