SPEEDWAY, Indiana — The Town of Speedway has filed an eminent domain action to acquire the unfinished hotel site across from the Indianapolis Motor Speedway after negotiations with the property’s owner failed.
The legal action, filed Wednesday in Marion Superior Court, targets the long-stalled development at the corner of 16th and Main streets, directly across from Gate 1 of IMS. The Wilshaw Hotel project has sat largely untouched since 2019.
Town officials said the filing follows a unanimous vote by the Speedway Town Council in March authorizing the Speedway Redevelopment Commission to obtain appraisals, negotiate with the property’s owner and, if necessary, pursue eminent domain…