
Cory Chambers, JW Marriott Complex
Kim Meyerholtz, Fairfield Inn & Suites
In February, a cluster of Marriott hotels will open in downtown Indianapolis, opening over 600 hotel rooms. Officials say construction is still on schedule
for the JW Marriott tower, which will open early next year.
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Richard Edwards, The Oceanaire
Indianapolis Restaurant & Hospitality Association
In addition to new hotels, many new restaurants are coming on the scene this year. In 2009, downtown Indianapolis welcomed 19 new eateries. Hungry
Hoosiers can take advantage of these newcomers and the long time staples with Devour Downtown, Indy's restaurant week which runs January 25 to February 6.
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More Quarter 4 Videos Below
Downtown IN Depth is a quarterly series from Inside INdiana Business
exploring the issues central to the downtown Indianapolis business community. Throughout the year we will look at how investments,
amenities and sports shape the experience of doing
business downtown.
2010 is already set to be a banner year for downtown Indianapolis and we'll preview all the excitement Despite a weaken economy, Indianapolis Downtown Inc.
predicts nearly 50 projects and $639 million in investment to come online just this year. This adds to the 83 new projects worth $2.8 billion that are expected
to be complete by 2015. Downtown Indianapolis will also play host to many high profile events in 2010 from the Colts playoff game to the NCAA Final Four.
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Tamara Zahn, Indianapolis Downtown Inc.
Don Welsh, Indianapolis Convention & Visitor Association
Mike Bosway, City Securities
Our INsiders preview what's in store for downtown this year, plus, the challenges and opportunities for doing business in Indianapolis.
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Nick Weber, Indianapolis Deputy Mayor of Economic Development
Scott Miller, Indianapolis Economic Development Inc.
Terry Sweeney, Indianapolis Downtown Inc.
Mayor Greg Ballard used his annual State of the City speech to announce plans to inject Indianapolis Economic Development Inc. with $3.5 million in
recovered tax abatement funds. In 2009, Indianapolis Economic Development Inc. says the city secured commitments for more than 11,000 jobs and $157
million in private investment from 45 companies last year.
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Our quarterly feature on downtown Indianapolis, Downtown IN Depth, looks at the recession's impact on development in the city's capital. Downtown Indianapolis has more than 80 commercial construction projects worth more than $2 billion that will be completed by 2015. Residential and restaurant development also continue to thrive with large projects like the recently completed 3Mass Condos. Also, 5 restaurants are expected to open in downtown by the end of the year.
Business Spotlight: 3 Mass Condos
Todd Maurer, Halakar Properties
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Ambrosia Centro
Gino Pizzi, Owner
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Wishard Expansion
Matthew Gutwein, Health and Hospital
Corporation of Marion County
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Tamara Zahn, Indianapolis Downtown Inc.
Steve Delaney, Sitehawk
Sean Seyferth, Miller-Eads Co. Inc.
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Motorsports are central to the Indianapolis are economy with more than 400 companies employing over 8800 workers. There is not better month to show off Indy's motorsports status than the month of May and the Indianapolis 500. Each year, tens of thousands of visitors flock to downtown Indianapolis to take part in the events leading up to the big day. Over the next 30 minutes, we'll hear again from Indianapolis Motor Speedway President and Chief Operating Officer Joie Chitwood along with Indy Car Driver Sarah Fisher. We'll give you an inside look at the history of the track AND a program hoping to produce the next generation of the motorsports workforce.
Business of Motorsports
Joie Chitwood, IMS Pres/CEO
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Indianapolis Motor Speedway Turns 100
Donald Davidson, IMS Historian
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Motorsports Economic Impact
Tamara Zahn, Downtown Indianapolis, Inc.
Doug Boles, i3 Worlwide
John Clark, Indianapolis Airport Authority
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Sarah Fisher Racing
Sarah Fisher, Drive/Owner
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(i) On Campus: IUPUI Motorsports
Pete Hylton, Indianapolis University, Purdue University at Indianapolis
Riley Dill, IUPUI Student Driver
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One of the largest economic drivers in downtown Indianapolis is its its educational institutions. Between the two largest, IUPUI and Ivy Tech, there are over 50,000 students enrolled in classes. Compare that to the 125,000 people who work downtown and education draws a big number of people to the area. In our quarterly series, Downtown IN Depth, we'll take a more in depth look at education's role in downtown Indianapolis.
Indiana University Purdue University Indianapolis Master Plan:
Charles Bantz, IUPUI
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Education in the City:
Charles Bantz, IUPUI
Hank Dunn, Ivy Tech Central Indiana
Tamara Zahn, Indianapolis Downtown, Inc.
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Indianapolis International Airport:
John Clark, Executive Director/CEO
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To watch Downtown IN Depth segments from all four quarters of 2008 click here.
The video and audio excerpts are licensed for private, non-commercial use only. Any other use is strictly prohibited without the expressed, written permission of Grow Indiana Media Ventures, LLC. Duplication in whole or part of the video or audio contained within is strictly prohibited. All other rights reserved.