Speedway`s - Speedway Redevelopment Commission

Speedway’s
Retail Future
Planned mixed-use buildings at 16th and Main streets with 41,300 square feet of retail and restaurants, 76,500 square feet of office,
39 residential
units buildings
and a 584
structured
parkingwith
garage.
Planned
mixed-use
at space
16th and
Main streets
41,300 square feet of retail and restaurants, 76,500 square feet of office,
39 residential units and a 584 space structured parking garage.
Speedway’s Retail Future
Speedway’s
Speedway
is Speedway
on Retail
track toisFuture
become
urban
community
the birthplace
the United
The
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on trackatodynamic,
become vibrant
a dynamic,
vibrant
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around theofbirthplace
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the Unit-
Speedway
is on
track to
become
a dynamic,
urban
community
around
the birthplace
of the United States
motorsports
industry,
the
Indianapolis
Motorvibrant
Speedway.
Five
mixed-use
districts
will be created
ed States motorsports
industry,
the Indianapolis
Motor Speedway.
Five mixed-use
districts
will bethrough
createdathrough
motorsports
industry,
the
Indianapolis
Motor
Speedway.
Five
mixed-use
districts
will
be
created
through
a
$125
million
public
infrastructure
investment
and
anan
additional
$375
million
in in
private
investment,
resulting
a $125
million
public
infrastructure
investment
and
additional
$375
million
private
investment,
resulting
$125
million
public
infrastructure
investment
and
an
additional
$375
million
in
private
investment,
resulting
in the redevelopment of 400 acres and the construction of 2.5 million square feet for retail, residential,
in
the redevelopment
400manufacturing,
acres and the civic,
construction
of education
2.5 million
square feet for retail, residential,
entertainment,
hotel, of
office,
R&D and
uses.
research
and development
and education uses.
entertainment, hotel, office, manufacturing, civic, R&D and education uses.
Speedway has always been home to both global innovation and heartland tradition. Though the Town was designed as “a city of the future
organized
bealways
hospitable
the automobile,”
traditional and
Indiana
Main Street
grew
up at the
of the
community.
Speedway to
has
beento
home
to both globala innovation
heartland
tradition.
Though
the heart
Town was
designed
as “a city of the future
organized to be hospitable to the automobile,” a traditional Indiana Main Street grew up at the heart of the community.
home of
Indianapolis Motor Speedway
home of
Indianapoliswww.SpeedwayIndiana.com
Motor Speedway
www.SpeedwayIndiana.com
We see tremendous opportunity for Speedway to create a world-class motorsports education,
technology and cultural center within a revitalized town center — this would be unique in America.
- Urban Land Institute, Washington DC
Single-Day Attendance Comparison
Events
Brickyard Events
Founded in 1909, the Indianapolis Motor Speedway
hosts the Indianapolis 500 Mile
Race
and the 400,
Allstate
and the
Brickyard
400
at
the
Brickyard,
the
two
largest
single-day
the first and third largest single-day spectator events in
spectator
in the
world.
The Bull
IMSMotoGP
also hosts
the world. events
IMS also
hosts
the Red
, andthe
toRed
Bull
MotoGP,
and
together
these
events
draw
an
gether these events draw an estimated 1 million people
estimated
million people
annually to
Speedway.
annually to1 Speedway.
In addition,
Speedway
will host
In
addition,
Speedway
will
host
official
events
in
official events in association with the 2012 Super Bowl
association
with the 2012 Super Bowl in Indianapolis.
in Indianapolis.
Daytona
500
Allstate
400 (IMS)
Brickyard
400 (IMS)
MotoGP
MotoGP
(IMS)
NASCAR
Average
BCS Championship
Super Bowl
Final Four
World Series
300,000
300,000
250,000
250,000
200,000
200,000
150,000
150,000
100,000
100,000
50,000
50,000
The Indianapolis Motor Speedway annually contributes
an estimated $814 million in economic impact to
Central Indiana.
Indianapolis 500 (IMS)
A 2008 RCLCo market study identified demand for 500,000
square feet of regional-serving retail and urban entertainment
space in the Speedway submarket. Additionally, the public
accounting and consulting firm of Crowe Horwath LLP estimates
that the development will generate:
• $5.3 billion in total economic impact to the Indianapolis
Metropolitan Statistical Area (MSA) and State of Indiana
over 10 years
• 5,167 temporary jobs from infrastructure and new
development in the redevelopment area
• 2,259 new permanent jobs within the redevelopment area,
increasing daytime and evening population
• $5.11 in economic impact for infrastructure and new
development for every $1 of public infrastructure investment
A number of successful
establishments will remain
on Speedway’s Main Street,
including the popular restaurant
Dawson’s on Main.
Stakeholders
Today, Main Street is walkable to approximately 4,000 employees, with an additional 2,300
employees projected at build out. Major stakeholders include:
<3
2,90
2
0A
1
4
DT>
Main Street
3
5
<3
5,60
2
0A
DT>
<2
9,8
00
AD
T>
Georgetown
Park
(in planning)
3
1
< 27,800 ADT >
0 ADT >
< 12,90
< 9,400 ADT >
< 4,700 ADT >
Indianapolis
Motor
Speedway
4
IMS Hall of
Fame Museum
5
2010 Average Daily Traffic Estimate
The information presented is based on development concepts which are subject to change without notice. Illustrations and images are conceptual and no
guarantee is made about whether the improvements shown will be built, or if built, will be the same type, size or nature as shown or described.
Brickyard
Crossing Golf
Course
home of
Indianapolis Motor Speedway
www.SpeedwayIndiana.com
Downtown
Indianapolis
New $1.1 billion
Indianapolis
International Airport
2008 ESRI Estimates 1 Mile
3 Mile
5 Mile
Population
7,700
94,036
217,111
Households
3,786
38,987
91,961
Median Household Income
$57,396
$54,148 $56,345
For more information on a variety of build-to-suit and leasing opportunities, please visit www.SpeedwayIndiana.com and contact:
Scott Harris
317.695.9161
[email protected]
The information presented is based on development concepts which are subject to change without notice. Illustrations and images are conceptual and no
guarantee is made about whether the improvements shown will be buit, or if built, will be the same type, size or nature as shown or described. 1/2011
home of
Indianapolis Motor Speedway
www.SpeedwayIndiana.com