Tag Archives: indiana real estate

Another Casino for the Indy Area????

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For those who enjoy an occasional visit to one of the local casinos, ever wonder what we did BEFORE they were local?  I admit, I enjoy an hour or two gambling occasionally, but I work really hard for my money and a few bucks now and again for entertainment purposes is fine for me, I play penny slots and have had some luck, but ever notice the people playing the $1 or $5 machines?  Where do they get their money?  Does central Indiana need another casino?  Would love to hear your thoughts on the case…here are the highlights, for the entire report, click here for the full report from wthr.com reported on August 17…

A Las Vegas company wants to buy up 135 acres of land near the Indianapolis airport to build a casino, “high-end creative retail” and more.  Full House Resorts on Monday announced its proposal to build “American Place” in response to the Indianapolis International Airport’s “Land Use Initiative.” If selected, it would be built on the land along I-465 & High School Road, near where the previous airport terminal was located.

It would include:

  • Approximately 700,000 square feet of high-end creative retail space
  • 25-villa boutique hotel designed to offer the most luxurious accommodations in the Midwest
  • Seasonal plaza
    • ice skating and a European Christmas market in the winter
    • landscaped gardens and forests in the summer
  • Central square surrounded by a unique fountain and 3-D imaging experience
  • Multi-purpose conference and performance center
  • Residential condominiums
  • Offices
  • Restaurant court
  • Multiplex movie theater
  • Small, high-end casino
  • Large health club offering local memberships

The project would cost $650 million, representing one of the largest privately funded construction projects in Indiana history, according to Full House Resorts. They estimate it would then generate $85 million per year in state and local revenues when complete. Full House claims an independent third-party study found “American Place” would also create 4,000 permanent jobs and attract 10-15 million visitors annually.  American Place would be anchored, both physically and financially, by a small casino comprising less than 5 percent of the project’s total square footage.

What do you think?  Do we need another casino?  Even as part of a “lifestyle” center?  Would love to hear your thoughts!

casino

Vicki Reed

 

 

You look good for 197!

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Indiana turned 197 years old today, as it was admitted to the Union on December 11, 1816.  Though we often think of something or someone having a birthday, this occasion is called Statehood Day.  Governor Pence hosted a day of events and speeches at the Old State Capitol and birthday cake at the old governor’s headquarters in Corydon yesterday.

The Old State Capitol program included historical impersonators portraying debating delegates to Indiana’s first constitutional convention, as well as Elizabeth Pennington, the wife of convention delegate and future state Senate leader Dennis Pennington.  Pennington wrote the resolution which moved Indiana’s territorial capital to Corydon from Vincennes in 1813. It remained the capital for the first nine years of statehood.

Today, Governor Pence will host a program at the State Capital in Indianapolis.  Fourth-graders will also gather for Statehood Day observances in Indianapolis at the statehouse, Indiana State Museum, Indiana State Library and Indiana Historical Society.  Click here for today’s agenda of events.

The state museum and the state bicentennial commission are already working with Harrison County tourism officials on plans for the state’s 200th birthday in 2016. Convention and Visitors Bureau interim president Jeremy Yackle says subcommittees are floating ideas for arts, education, and agricultural observances, as well as a bicentennial ball or other community celebration.

As for all birthdays…at least as an adult…it becomes a day of reflection…where you’ve been, where you are today and where you are going.  So here are a few things about where we are today:

Credit Rating:  Governor Mike Pence announced on December 5 that Indiana has maintained its AAA credit ratings from all three bond agencies: Standard and Poor’s, Moody’s, and Fitch Ratings. Indiana has held AAA ratings with all three agencies since April of 2010.

From the press release:  “Fiscal discipline is the foundation of our prosperity,” said Governor Pence. “Today’s news is a testament to the hard work and discipline of State employees at every level and the fiscal leadership of the Indiana General Assembly. In the years ahead, our administration remains committed to maintaining a fiscally stable environment within our state for the betterment of both Hoosier families and businesses.”

And what about Hoosier jobs?  From a November 22, 2013 release:  Indiana’s unemployment rate is more than one percentage point below where it was in January, which is definitely significant” said Scott B. Sanders, Commissioner of the Indiana Department of Workforce Development. “The steady private sector job growth the Hoosier State has been experiencing for some time now is finally beginning to be reflected in the unemployment rate, which many businesses and individuals rely on to make important economic decisions.”

With the Pacers win over the Miami Heat last night…and of course, the IU win over Oakland…kinda feels good to be a Hoosier.  Happy Birthday Indiana…

Indiana

Vicki Reed