Speedway celebrates renovated Main StreetSRC Member
By Jeremy Brilliant
WTHR Channel 13
May 5, 2011
SPEEDWAY – The Town of Speedway is celebrating the end of its Main Street redevelopment project.
The opening of Main Street may not sound like a big deal, but this project has been in the works for five years. New benches, ornamental planters and sidewalks line the newly paved street, and decorative brick was installed at several intersections and crosswalks.
The goal of the $10 million project was to revitalize the area by making Main Street a destination and to bring businesses to the area. The flower planters and bike racks all have a racing theme.
Local business owners took part in a ceremonial ribbon-cutting Thursday.
The improvements are just in time for this year’s Indianapolis 500. In recent years, Speedway’s Main Street had fallen into disrepair, and many hope that the project will encourage new businesses to come to the area and bolster those already here.
“I’m excited. I’ve been waiting for the road to open for a long time. It’s really hurt our business a lot being closed but hopefully it’ll bring a lot of business back now,” said Shawn Leo, Leo’s Barber Shop.
Some business owners said they suffered a 70-percent decrease in business during the year-long construction project. Still, Speedway leaders hope that sacrifice pays off.
“Now that we’ve gotten to the final stages of this, we’re seeing a tremendous amount of interest, some from restaurants, racing and manufacturing-related businesses that want to, in the next couple of years, build facilities here on Main Street,” said Scott Harris, Speedway Redevelopment Commission.
Business owners, meantime, are hoping for a big boost as traffic picks up and the month of May kicks into full gear.