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 Financial Form 102 City of Indianapolis Indygov 1988-2025

102 Standard Financial 1988-2025 Form

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Instructions and help about Financial Form 102 City Of Indianapolis Indygov

SAYS IS CRITICAL TO THE FUTURE OF TOURISM IN INDY >> TRASH AND GRAFFITI CAN BE SEEN AROUND A FENCED OFF PAN AM PLAZA JUST 3 YEARS FROM NOW THE SITE COULD BE HOME TO INSIGNIA HOTEL WITH MORE THAN 800 ROOMS IF IT DOESN'T COME ONLINE >> WE RISK LOSING MILLIONS OF DOLLARS AND CONVENTION BUSINESS YEARS IN THE MAKING THE HOTEL IS PART OF A CONVENTION CENTER EXPANSION >> MAYOR JOE HOGSETT ADMINISTRATION RECENTLY ANNOUNCED IT WAS TAKING OVER THE FINANCING THE HOTEL AFTER THE ORIGINAL DEVELOPER COULDN'T SECURE FINANCING BY TAKING IT OVER WE WERE ABLE ISSUE BONDS AND A TAX EXEMPT BASIS AND SO THAT'S WHAT WE INTEND TO DO MONDAY NIGHT THE METROPOLITAN ECONOMIC DEVELOPMENT COMMITTEE VOTED TO APPROVE UP TO 625 MILLION DOLLARS IN REVENUE BONDS TO SUPPORT THE HOTEL SCARLET ANDREWS DEPUTY MAYOR FOR ECONOMIC DEVELOPMENT SAYS THE FINANCIAL MODEL THEY'RE USING HAS BEEN USED BY OTHER CITIES IN SIMILAR SITUATIONS BEFORE THIS IS A MODE

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