With 17 hotels in downtown pipeline, experts doubt they’ll all make it
If all of the plans move forward, downtown would see an unprecedented deluge of new rooms. But developers and lenders are fretting over whether the market can support them.
If all of the plans move forward, downtown would see an unprecedented deluge of new rooms. But developers and lenders are fretting over whether the market can support them.
In the last decade, the wind industry in Indiana has boomed, driven largely by falling costs and rising demand by large customers and utilities for renewable energy.
A powerful group of hoteliers that opposes a proposal to build a pair of hotels on Pan Am Plaza scored a victory in the Legislature. But the plan to construct the project remains very much alive.
The vote came on the eve of a CIB board meeting, during which members will consider a 25-year deal with the Indiana Pacers that is meant to keep the team in Indianapolis well into the future.
State lawmakers on Monday significantly amended legislation designed to provide long-term funding mechanisms to the Capital Improvement Board, keep the Indiana Pacers in the city for at least another 25 years and support building a permanent soccer stadium for the Indy Eleven.
The Indiana Senate passed legislation Tuesday morning that would boost funding for Indianapolis’ Capital Improvement Board, keep the Indiana Pacers in town for at least another 25 years and provide support for a dedicated soccer stadium for the Indy Eleven.
Hilton selected Indianapolis as one of three markets for its new Signia line. The hotel is a key component of efforts to beef up downtown’s capacity to host large events and conventions.
A change made to legislation designed to boost funding for the Capital Improvement Board means the quasi-governmental agency could see an additional $15 million in tax funds annually—nearly double what was initially proposed.
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.
Conner Prairie is teaming with Carmel-based hospitality company Ritz Charles on a $3 million project that will renovate the historic Chinese House at the Fishers living history museum and add an event venue along the White River.
By the end of the year, officials expect to unveil its master plan to remake the state’s largest hospital—currently an amalgamation of ancient health care amenities and modern facilities.
It will be smaller and sleeker and—if all goes according to plan—might actually make money, rather than ending each year in the red or barely breaking even.
Robert Manuel has become highly educated in real estate development since arriving almost five years ago as president of the University of Indianapolis.
City officials are scrapping plans to help finance construction of a long-awaited 21c hotel proposed as part of a $55 million redevelopment of Old City Hall and are putting the property back up for bid.
Despite several attempts to break into industry over almost a decade, the company has struggled to entice shoppers en masse to buy eggs, steaks and berries online the same way they’ve flocked to buy books, tablets and toys.
The closure of a handful of hotels across the city has essentially wiped out the gains made when the JW Marriott opened with its 1,005 rooms. Now Visit Indy and the city’s Capital Improvement Board are studying whether the city needs more rooms and more convention center space.
The annual report of the city’s Capital Improvement Board shows the number of events at the Indiana Convention Center and Lucas Oil Stadium—and the total attendance for those events—fell sharply from 2014 to 2015.
Work on the four-story, 99-room Fairfield Inn could begin this fall near the 106th Street exit under construction along Interstate 69. It is expected to cost $8 million.
The company said the 10 dismissals were for performance and reallocation reasons and not due to any financial issues at the Carmel-based company, which still has aggressive expansion plans.
We revisited the year’s top news stories in the suburbs on Wednesday, so now let’s look at what you should expect to see in 2016.