FOR IMMEDIATE RELEASE

July 28, 2014

 

For more information, contact:

Blair Mulzer

bmulzer@HIRONS.com

317-650-9199

 

Speedway breaks ground on Main Street roundabout

Project is next step in multimillion-dollar redevelopment of Speedway

SPEEDWAY, IND. — What has been a comprehensive process of gathering public input and conducting traffic and transportation studies for the Main Street area is now becoming a reality.

Construction will begin July 28 on the Main Street roundabout to connect 16th Street and Crawfordsville Road with Main Street.

Assessments have concluded that more than 63 percent of total accidents in Speedway occur at this intersection — and in the coming years, the area is projected to experience even more congestion. A roundabout will ease traffic flow and encourage business growth in surrounding areas. In addition, the roundabout will help improve air quality and enhance safety and security in the area.

“Many studies show significant safety benefits of modern roundabouts over traditional intersections,” said Brandye Hendrickson, Indiana Department of Transportation district deputy commissioner. “The circular design lowers speeds, reduces potential collision points and nearly eliminates the most severe types of crashes.”

The Main Street roundabout project is the next step in the multimillion-dollar redevelopment of Speedway’s Main Street and Speed Zone area.

Said Vince Noblet, Speedway Redevelopment Commission president, “Main Street is poised to be a thriving, downtown district. Directly connecting 16th Street and Crawfordsville Road to Main Street will allow progress to continue and ultimately result in positive growth and investment in the Town of Speedway.”

Town Council President Gary Raikes is excited to see the longtime redevelopment plan take shape.

“We are committed to making Speedway an outstanding place to live, work, shop, learn and play,” said Raikes. “Continuing the revitalization of Main Street is not only good for our residents but also for our businesses and year-round visitors.”

The improvement of traffic and addition of sidewalks along the perimeter will now allow customers to travel safely to local businesses in the area, which in return offers business owners new opportunities for growth.

“The street is architecturally beautiful and feels so welcoming,” said Mindi Epstein, owner of Main Street Yoga. “I chose to open my business here on Main Street because I saw enormous potential with the Redevelopment Commission’s plans.”

After recent renovations to Main Street, civic leaders noted a significant increase in community involvement.

“Main Street is home to more than a dozen festivals, parades and events each year, including Monsters on Main, Speedway Spectacular, Indy Jazz Fest, Hauler Parade and Hops & Flip Flops,” said Connie Harris, Speedway Chamber of Commerce executive director. “With better road functionality, we are able to provide even more events like these, making Speedway a more dynamic town.”

As part of the project, Georgetown Road will not connect to the roundabout. The IMSsafety committee, which consists of local, state and federal law-enforcement agencies, has determined that because of the close proximity of the grandstands to Georgetown Road, connecting to the roundabout would pose a potential threat to the safety of IMS visitors and the facility.

“We must make bold decisions that will positively impact the track and the town not only now, but 50 years from now,” said Doug Boles, president of the IMS. “The changes to the Main Street intersection will allow for the IMS to increase safety for the millions of visitors to the track and the town of Speedway.”

From July 29-31, the intersection of 16th Street, Georgetown Road and Crawfordsville Road will be closed from 7 p.m. until 5 a.m. Beginning August 11, Georgetown Road will no longer be a through street, serving local traffic only south of 25th Street.

More information about the roundabout project, road closures and alternate routes can be found at speedwayindiana.com.

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 About Speedway Redevelopment Commission

The SRC consists of five volunteers appointed by the Speedway Town Council. Using input from the entire community, the commission is charged with developing a plan to revitalize a 700-acre area, including Speedway’s Main Street and the large area to the northwest termed Area 2. More information about the SRC is available at www.speedwayindiana.com.

 

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Contact Info

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Tim Gropp
Economic Development Director
(317) 240-1315

Tim Ramion
Executive Assistant
(317) 481-0847

5620 Crawfordsville Rd, Suite M
Speedway, Indiana 46224

Phone: (317) 481-0847

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