Date registered: Oct 2005
Vehicle: 107, 115, 116, 123, 124, 126
Mentioned: 1 Post(s)
Quoted: 0 Post(s)
From the Indy Star:
The U.S. Grand Prix might have been a controversial event for fans and media members, but there were no doubts among Downtown hotel and restaurant employees: They loved it, both for its economic impact and the colorful characters it pulled through their doors.
"The week of F-1 for us is the best or second-best of the year," said Ryan Nelson, executive chef for The Oceanaire restaurant. "It compares only to the second week of December with all the holiday parties. It's significant. We've had record nights on F-1 Saturday nights. It will definitely be missed."
Grand Prix fans have pumped more than $1 billion into the local economy, according to the Indianapolis Convention & Visitors Association.
Nelson estimated the loss of the race will cost his business about $75,000.
Casey Loughlin, general manager at Palomino restaurant said business improved by 30 percent to 40 percent the weekend of the race. Ryan Craig, director of operations for Ruth's Chris Steak House, said business there increased two or three times over race weekend.
Mark McClure, general manager of the Canterbury Hotel, said his hotel averages 64 percent occupancy on normal weekends but enjoyed 100 percent occupancy -- at a higher room rate -- during F-1 weekend.
"This is as big a piece of news as (not getting the Super Bowl), to tell you the truth," he said. "This was something that happened every year; you could count on it. You add up two or three years of the F-1, it's going to be a Super Bowl."