Speedway Revitalization Moves Full Speed AheadSRC Member
WRTV Channel 6
May 5, 2011
SPEEDWAY, Ind. — Historic Main Street in Speedway reopened to traffic Thursday after more than $10 million in improvements aimed at revitalizing downtown.
“I am very excited to see what is happening here and the potential it will bring for this area, the new jobs it will bring to residents,” said City-County Councilor Marilyn Pfisterer.
Local business owners, big and small, are excited for the changes.
“Right now, we have folks who go out to lunch and do a little shopping. I think they’ve tended to go other places, and now they’ve got a reason to be right here close,” said Allison Transmission CEO Larry Dewey.
“I did get impatient, but it’s worth the wait,” said small business owner Karen Vance.
The project is part of a $500 million investment aimed at priming Speedway for more growth.
“This is the culmination of six years of planning, but this is just the beginning for the redevelopment of Speedway,” said Vince Noblet with the Speedway Redevelopment Commission.
Dallara, the company contracted to build the new IndyCar chassis, plans to open on Main Street later this year.
More improvements over the next five years include a roundabout at 16th Street and Georgetown Road.