Indianapolis authorizes debt to enter convention hotel business
The City-County Council signed off on up to $625 million of borrowing for a city-owned convention center hotel after a developer-financed plan fell through.
Source: bondbuyer.com
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The City-County Council signed off on up to $625 million of borrowing for a city-owned convention center hotel after a developer-financed plan fell through.
At a two-hour Metropolitan and Economic Development Committee meeting this week, a presentation laid out the $625 million plan to take over the construction of a new hotel on the site of the Pan Am Plaza.