Sports complex developer confirms financing woes
A developer that planned to open a $22 million hotel and indoor sports complex in Greenwood has officially suspended those plans after failing to find funding.
A developer that planned to open a $22 million hotel and indoor sports complex in Greenwood has officially suspended those plans after failing to find funding.
Westfield’s $45 million-plus bet on youth sports got bigger Monday, when its City Council approved a publicly funded lease to build a $25 million indoor soccer facility at Grand Park.
City officials are proposing to pay for the $25 million project at Grand Park Sports Complex through a publicly funded long-term lease.
Indiana University is planning to enclose the south end zone at Memorial Stadium, head football coach Kevin Wilson said on his weekly radio show.
Paul Skjodt, owner of the now-dormant Indiana Ice hockey team, has secured an option on 92 acres in a busy northwest-side corridor for a $25 million multi-use sports complex.
The developer taking over Anderson's Wigwam gymnasium is expecting to start work at the complex in about a year. The group plans to convert part of the complex into 55 multifamily housing units while maintaining the gym.
The BMW Championship will tee off again at Carmel’s Crooked Stick Golf Club in 2016. In 2012, the event, won by Rory McIlroy, generated $30 million in economic impact for the region.
The Kokomo team will be part of the 12-team Prospect League, which features top collegiate players and includes teams in the Indiana cities of Terre Haute and Richmond. Other teams are in Ohio, Pennsylvania, Missouri, Illinois and West Virginia.
Throwing up big numbers in the bottom of the ninth, the Indianapolis Indians established a new single-season attendance record for Victory Field on Saturday in the team’s last home game.
The Indianapolis Metropolitan Development Commission on Wednesday approved $10 million in downtown tax-increment financing funds to pay for street improvements on the IUPUI campus. The contribution works in conjunction with IUPUI’s $20 million overhaul of the IU Natatorium.
The vacant property west of Lucas Oil Stadium could get a boost from redevelopment efforts at the former GM stamping plant site just across White River.
Mayor Greg Ballard on Monday morning unveiled details of the plan, in which IUPUI and Lilly Endowment each contribute $10 million for the IU Natatorium renovation. The city’s $10 million part of the plan involves nearby streets.
Officials say a private group has decided not to take over Anderson's closed Wigwam gymnasium, leaving the fate of the 9,000-seat venue uncertain.
The city of Indianapolis, IUPUI and Lilly Endowment are preparing to unveil a broad plan for the west end of downtown and Haughville.
Indianapolis is reining in costs and dialing back ambition at the new east-side World Sports Park. The park, which will be home to one of the few premier cricket fields in the United States, is coming in about $1 million under its $6 million budget because it will have fewer features than planned.
The Anderson School Board is backing a plan that would give a private group control of the closed Wigwam gymnasium if it can come up with the money to reopen it.
Football will stay at Lucas Oil Stadium, and basketball will alternate with Chicago. The move allays suspicion that the conference intended to shift championship play to East Coast venues.
The hallowed race is straddling a fine line as it tries to please longtime devotees and makes a raft of upgrades to the track and viewing experience designed to secure new fans.
Officials are working on the details of transferring ownership of Anderson's iconic Wigwam gymnasium to the city as part of the effort to save it.
Despite having what several NFL executives said was the strongest proposal, Indianapolis lost out on hosting the 2018 championship game to a city with a new, $975 million stadium in the wings.