The Capital Improvement Board of Directors in Indianapolis (CIB), Visit Indy and Indianapolis-based Kite Realty Group Trust have unveiled a $120-million project to expand the Indiana Convention Center and add 1,400 rooms.
Inside Indiana Business reports that the proposal, approved by the CIB, involves two new hotels, including a 38-story property, and extending the convention facilities to the current Pan Am Plaza site.
During a monthly meeting, the CIB heard details about a development plan that will be led by Kite. Plans call for a two-story, more than 300,000 sq. ft. expansion.
“Indianapolis is need of adding over a thousand new hotel rooms into our inventory or rick losing some of the city’s largest annual conventions,” Visit Indy CEO Leonard Hoops was quoted as saying. “We’ll be adding 14-hundred new hotel rooms into the downtown landscape. Those will connect via climate controlled skywalk over to Pan Am Plaza.”