Fred Nation , Executive Vice President , Indianapolis Motor Speedway , announced back on December 16th that after a year of consideration to a possible refurbishing of the existing motel or the construction of a new replacement , the decision was made to eliminate the historic structure. For the time being , the eventual cleared property becomes additional parking space.

The building was seen as simply too outdated to upgrade. The closing terminated 15 employee positions. The recession has hit IMS as a hiring freeze was also implemented. It is unlikely that the speedway will ever fund the new construction of another hotel. A company such as Marriott , Hilton , Hyatt , etc. is being courted to make the investment but it will not happen in this economy , if ever. :icon_smile_blackeye