Colts ink another deal for stadium space with sports gambling partner
As part of the deal, the West Club at the stadium will be renamed the WynnBet Club—a 21-and-up sports bar on the club level.
As part of the deal, the West Club at the stadium will be renamed the WynnBet Club—a 21-and-up sports bar on the club level.
The Caesars Sportsbook Lounge replaces the former Blue Room as a place in Lucas Oil Stadium where patrons 21 years and older can go to see games in progress on TVs and view live odds while they place bets from their phones.
The restaurants are set to open in early 2022, following a $1 million renovation of the property by restaurant group O’Reilly Holdings LLC, which owns both concepts.
The massive gaming event is expected to draw upward of 40,000 people to downtown Indianapolis from Thursday through Sunday, marking the largest convention the city has hosted since before the coronavirus outbreak.
The new owner plans to make a significant investment in improvements that likely will drive up rents that have languished of late.
City officials on Monday released a long-anticipated request for developers to submit ideas for reuse of the 28-story Indianapolis City-County Building, along with studies that show it would take more than $35 million in basic upgrades to repurpose the structure.
Portia Bailey-Bernard of the Indy Chamber says projects like the $60 million redevelopment of the Stutz business campus and the expansion of IU Health’s downtown campus will help reshape the northern portion of downtown.
The brewery space will feature a 1,200-square-foot taproom with seating for up to 50 people and a 3.5-barrel brewing system.
Back 9 will feature a three-story building with 75 golf bays, a 350-person music pavilion, and a handful of bars and restaurant spaces, as well as meeting areas and a game area.
The acquisition by Felton Properties, which equals about $164 per square foot, marks the Oregon-based firm’s first venture into the Indianapolis market.
Plans call for the updated Stutz, purchased earlier this year by New York-based SomeraRoad Inc., to feature new event areas, co-working space, more retail and restaurant offerings, new outdoor spaces and an updated facade.
Hundreds of college student-athletes across the country have started signing endorsement deals and social media contracts, under rules the NCAA approved this summer.
Mel Raines will be recognized by the Sports Business Journal later this year as one of 50 women who are making a remarkable impact in the sports-business industry across the globe.
Plans for a new hotel across from Shapiro’s Delicatessen in downtown Indianapolis are moving forward after a year-long delay caused by the pandemic—now with a new name and a more experienced development team.
Indianapolis Mayor Joe Hogsett on Monday said he thinks the Marion County Prosecutor’s Office should relocate from downtown to the new Community Justice Campus, but that decision is still up in the air, according to Prosecutor Ryan Mears.
Marion County Prosecutor Ryan Mears said his hesitancy arises from concerns over how such a move could increase the prosecutor’s operating costs.
Earlier this month, the Democrat-controlled City-County Council voted 20-5 for new development standards that add residential and mixed-use districts to push bus usage, walkability and density county-wide.
The renovations are part of a three-phase $360 million project that tipped off in 2020.
The trustee’s office issued a request for bids for the five-story building in one of downtown’s most attractive locations, but several developers and key players in the area told IBJ they weren’t aware the property was available.
This Sunday’s revamped Brickyard 200 anchors a weekend that insiders say is sure to go a long way in furthering the motorsport mogul’s long-term strategy for the speedway.