The “impending construction of Italian racing-car chassis builder Dallara's U.S. headquarters” in the Town of Speedway, Ind., where the Indianapolis Motor Speedway is located, signals an “acceleration of the neighborhood's planned resurgence, which is pinned on a mix of retail, business and entertainment offerings,” according to Josh Duke of the INDIANAPOLIS STAR. The $500M redevelopment will “transform 350 acres south of the track into a racing-themed business and entertainment center.” Plans include “multistory retail and residential buildings along Main Street as well as commercial, office and light-industrial development throughout the area.” Speedway Redevelopment Commission Dir Scott Harris said that “expectations are bolstered by talks with three restaurants, two museum groups and motor-sports companies and teams.” A “three- to four-star hotel also is being studied.” Construction will begin “any day on the $6 million, 100,000-square-foot building on Main Street to house Dallara and the Indy Racing Experience.” Dallara's facility will have a “racing simulator, a place to show how an Indy car goes from concept to assembly, and tours of Dallara's workshop to view cars being designed, built and tested.” The town and Indy Racing Experience officials also have “discussed designing three-seat replica Indy cars for tours of sights in Speedway.” Harris said that “talks are continuing with two groups that want to add museums focused on cars and motor sports to complement” the IMS museum at the racetrack (INDIANAPOLIS STAR, 5/10).
