Pan Am hotel, convention deal could be finalized by late June
Project negotiations on the massive two-hotel and convention center expansion project were temporarily sidelined in March to allow the city time to deal with the coronavirus pandemic.
Project negotiations on the massive two-hotel and convention center expansion project were temporarily sidelined in March to allow the city time to deal with the coronavirus pandemic.
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Indianapolis Mayor Joe Hogsett said the city is continuing to work with Indianapolis-based Kite Realty Group Trust—which is developing the project—to finalize a reworked timeline.
The project, which includes plans for a $125 million expansion of the Indiana Convention Center, would also create 2,500 construction jobs before completion in 2025.
A third of planned downtown hotel rooms announced before the pandemic are now on hold.
The expansion will add 44 acres to the campus., extending it from 16th Street south to 12th Street and from Capitol Avenue west to I-65.
The redevelopment will exacerbate a challenge already weighing on Marion County: huge swaths of land off the tax rolls because they are owned by not-for-profits and are being used for purposes related to the groups’ missions.
James Mladucky oversees some of the biggest building projects in Indiana. As vice president of design and construction at Indiana University Health, he is supervising the building of replacement hospitals in Bloomington and Frankfort, a hospital expansion in Avon and the recent construction of a cancer center in Carmel. Earlier this month, IU Health announced […]
Indiana’s property tax caps raise the stakes. Increasing property tax rates to make up revenue can simply push more properties to their caps. Because of this, Indiana’s urban counties are already prone to cycles of rate hikes, cap losses and growing financial distress.
Overall attendance at Indiana Convention Center events has stagnated, but annual major conventions have seen explosive growth.
He has a big plan for the south side of downtown, but the plan is ever evolving and it will require hundreds of millions of dollars in investment and large-scale rethinking of development along the Interstate 70 corridor.
Four decades ago, “it felt like tumbleweeds rolled down Washington Street.” But aggressive moves to build the city skyline, develop hotels and create more places to live led to a transformation of downtown.
The pickup in hiring lowered the unemployment rate from 6.3% to 6.2%, the Labor Department said Friday in its monthly jobs report. That is down dramatically from the 14.8% jobless rate of April of last year, just after the virus erupted in the United States.
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Gov. Eric Holcomb and Republican legislative leaders revealed a revised state two-year budget Tuesday that invests a historic $1.9 billion in additional funding for K-12 education and provides a healthy boost in economic grants and building projects.
The heavy investment in the campus—including a new women’s hospital and a brain and spine center—is the latest indication that Ascension St. Vincent is committed to the location, a major anchor along the busy West 86th Street corridor.
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.
Real estate deals, police-reform legislation, a name change for the fieldhouse and more news from 2021.
To be named Hall Place Apartments, the 308-unit project would occupy about two acres just south of 18th Street and west of Illinois Street.
Indianapolis-based Eli Lilly and Co. said Indiana’s new abortion law could hinder its ability to attract diverse scientific, engineering and business talent to the state.