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 Real Estate Blog 
Monday, May 19 2008

In anticipation of a possible new arena in downtown Evansville, Browning Investments of Indianapolis has revealed that they are planning the development of a "Four Star" Hotel located in downtown Evansville.

This certainly will solidify the location of the new stadium to be located in downtown Evansville.

Even though this is just in the planning stages, any new construction of this scope will be good for Evansville.

The following is a news release issued by Browning Investments via Web Producer on Monday, May 19, 2008:

Browning Investments Plans Major Downtown Hotel Development

Browning Investments, a major developer headquartered in Indianapolis, Indiana is planning the development of a "Four Star" Hotel located in downtown Evansville, Indiana in proximity to a possible new arena.

Senior Browning Executives consider that this Hotel will be a major enhancement factor that will play a significant part in the effort to increase tourism and the City's convention business.

The recent economic study by the Gateway Group indicates that development of a downtown Arena and Convention District will make Evansville more competitive with other cities of their size in attracting more Convention and Tourism business, resulting in a significant positive impact for the local economy and community.

Browning considers downtown Evansville an excellent hospitality development opportunity because of the multiple market drivers;

• The existing downtown corporate headquarters need for more business-focused accommodations.

• The lack of competitive alternatives because of existing out-dated facilities.

• The proximity to the local casino activities.

• The connectivity to a possible downtown arena • This headquarters hotel will provide many amenities that will attract people to the City for business, conventions and tourism.

"Some Cities have made mistakes moving their Convention and Tourism attractions away from the city center. The fact that Evansville is considering locating an arena downtown with a "Four Star Hotel" in close proximity combined with the local Casino will make the City very competitive in the midsize convention market. It will provide the stimulus to maintain the downtown momentum the City has already achieved and frankly that is what attracts us", states Dennis Dye, Executive Vice President for Browning.

Senior Browning Executives will be in Evansville, Tuesday, May 20th for a 9:00 AM Press Conference at the Innovation Pointe, 1st floor multi-purpose room – 318 Main Street - press kit materials with reproducible images will also be available for attending press.

Posted by: Rolando Trentini AT 11:57 am   |  Permalink   |  0 Comments  |  Email

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