Embassy Executive Director Kelly Updike asked the Commission for $1 million last month and said she would like a similar amount from other public sources, such as the city's “Legacy” fund or food and beverage taxes controlled by the Capital Improvement Board.
The Goldstine Foundation announced a $2 million grant to the project in June, and Updike said last month about $4 million has been raised to date, with a goal of $6 million by the end of the year. Construction couild start in the spring, with completion in 2015. The hotel opened in 1928 and closed in 1971.
The city has supported work at the Embassy before, Leatherman noted. In 2007 it spent more than $1 million on elevators, stairs and an elevated walkway to the Courtyard by Marriott Hotel, which allowed renovations to the Indiana Hotel's third floor. The Commission's action is not expected to influence the Embassy's request for other public funds, he added.
Updike was unavailable for comment.