Latest news with #Mallon
Axios
3 days ago
- Business
- Axios
Indy's Signia hotel, convention center expansion reach new heights
Construction crews are ahead of schedule on downtown's Indiana Convention Center expansion, the state's first Signia by Hilton hotel and another Georgia Street remix. Why it matters: Even before completion, city leaders say, the development has helped the region's surging hospitality and tourism industry secure new events while providing momentum to a post-pandemic initiative aimed at strengthening Indianapolis' urban core. The latest: The elevator shaft had been completed past the 25th floor of the 38-story Signia by Hilton, and CIB executive director Andy Mallon tells Axios the glass panels wrapping what will become Indy's tallest hotel should reach the 18th floor this week. Meanwhile, crews have started work on the second floor of the ICC expansion, crafting the space that will become the new Grand Ballroom. The plan to transform the west block of Georgia Street into a park-like setting and permanently close it to vehicular traffic from Illinois to Capitol is making progress and should be open in time for the NCAA Men's Final Four in April 2026. What they're saying:"It's almost $1.5 billion in investment in new projects just in that three blocks of Georgia Street alone," Mallon said. "It'll add 800 rooms of inventory to downtown, which is absolutely necessary." Mallon added the extra space will allow Indianapolis to host what he calls two "citywides," as in citywide conventions or events that sell out simultaneously downtown. State of play: Mallon said with the support of agreeable weather, crews are firmly en route to an anticipated completion date of late 2026 for the exterior hotel and convention center work. "The last floor of concrete will be poured probably in September, roof on in September or October. … And then dried in, we'll have everything sort of weathertight hopefully around Christmas," he said. Yes, but: The price tag on the roughly $500 million Signia has gone up. "The construction market has never been hotter in the state of Indiana," Mallon said. All the concurrent work in the region, including projects that share contractors and construction materials, means cost increases for those parts and labor. As a result, the CIB has invested an additional $70 million into the project to ensure it stays on track. Reality check: The Hogsett administration took over the funding of the hotel in May 2023 when the original developer, Kite Realty, was unable to secure private financing. Mallon said most of the convention expansion is paid for through tax increment financing funds, while the cost of the hotel itself is funded through hotel revenue bonds. Zoom in: The project also furthers the downtown resiliency strategy launched by Mayor Joe Hogsett's administration in 2022. The idea was to build a sturdier downtown on the other side of the pandemic through a combination of housing, recreational public space, economic development and connected infrastructure investments. Zoom out: Department of Metropolitan Development director Megan Vukusich said this development — along with projects like the Elanco World Animal Health HQ and the Cole Motor Campus — represents the heart of that effort. "It's really exciting to be now in 2025 and seeing the results of those efforts that began a few years ago. The Signia is a really good physical representation of the progress that's being made."
Scotsman
16-05-2025
- Business
- Scotsman
When Hearts fans could meet Tony Bloom as Jamestown gives access to player 'gem mine'
The Foundation of Hearts have field a number of questions surrounding Tony Bloom's investment Sign up to our Hearts newsletter Sign up Thank you for signing up! Did you know with a Digital Subscription to Edinburgh News, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... Foundation of Hearts chairman Gerry Mallon has fielded questions over Tony's Bloom's investment into Hearts - as the Brighton chairman hopes to hold a fan summit if the proposal goes through. Members of the club's majority shareholders were at Tynecastle on Thursday night as the FOH held its consultation on the investment from the English entrepreneur. He wants to invest £9.86m into the club in return for a 29% shareholding via non voting shares. Advertisement Hide Ad Advertisement Hide Ad There were many questions answered by Mallon, such as why Bloom wants to invest in Hearts, what the money will be used for and plenty more. An email with a link to vote for or against the proposal is expected to land in members' emails by the end of this week and the voting period will be open for around a week with an aim for concluding on May 26th. When Tony Bloom could meet Hearts fans One question that was asked is when Bloom himself may address supporters, and Mallon insisted that would happen once he knows if the investment is going through or not. He said: 'He's told me he will happily do a fan's forum, but I think when he knows he's welcome, rather than when we're still trying to decide if he's welcome or not. We'll do it for as many people as we can. I also want to do it in a way that makes Tony feel comfortable. He's not necessarily a man who craves the limelight but he's definitely said he will do a forum for us.' James Anderson's support has also been revealed for the Bloom proposal. The Andersons are close associates of Ann Budge as part of a group of benefactors who have donated millions to the Gorgie side. Mallon added: 'James is incredibly supportive of this. I know that James doesn't say a lot publicly. He doesn't relish the public eye, but from our discussions, he is one of the biggest and most enthusiastic supporters of us embracing Jamestown, bringing Tony on board and making sure that we make a success of this. 'He quite realistically looks at where we sit in Scottish football, and you look at the pattern of Scottish football, and you look at the Old Firm establishment and the amount of money that they have, and you say, what other way are we going to find to break through this other than doing something which was in this way game-changing.' Advertisement Hide Ad Advertisement Hide Ad How Tony Bloom money could be spent at Hearts Questions turned to the use of the injected capital, with the playing squad set for a makeover this summer with Derek McInnes poised to arrive as manager. Recruitment is also being aided by Bloom's Jamestown Analytics company, as Mallon says there's been no designations on where the money will go yet. He explained: 'The answer is vague because I don't know, and beyond that, I don't even think it's been proposed, decided, or agreed at a board level, where the money is spent on. 'As a fan, I know what I want it to be spent on. I also, by the same token, don't want lots of clubs out there to think that they can see us coming around with a big bag of cash and can just wipe our eye for any deal at this stage. As a board member, I think we probably find ourselves in a slightly different financial situation than our budget would have suggested at the start of the year, because we don't have Europe next year, because we failed this year, quite clearly, in terms of playing performance. 'The budget for this next playing year has got to be taken into consideration, that there are no specific capital projects that I'm aware of that are going to take any significant proportion of that money. There's no suggestion to me that it's not going to be spent on things which don't just impact the, the quality of the product on the pitch. The person to ask as to whether or not they feel like they will have been given enough to spend in the transfer market this year is sporting director Graeme Jones. He hasn't complained to me that he doesn't have a significant enough budget to do what he wants to do for next year. I'll leave it at that.' One thing is certain is that some of the money will be used on the transfer budget. Mallon was asked about Rangers and Celtic swooping in to take some of Hearts' best players who come through the Jamestown system and the FOH chairman insists he wants more than just clubs from Glasgow to be taking a look at Hearts' top talents. Advertisement Hide Ad Advertisement Hide Ad He added: 'Doubtless some of it is going to go into the transfer budget. You'd like to think that we can be brave as well in that, in the market, but we've also got to be thoughtful about making sure that we don't put everything on 24 red and see what happens. So we've got to make sure that we're prudent as well in all of this, because without European football, we've got to make sure that we've got the cash flow to keep us going all the way through this year and feel confident about the future. 'I would aspire for it be even bigger clubs than those two who will be coming after some of our gems. I would like to think that what Jamestown actually gives us is a gem mine rather than individual gems. I think one of the things Graeme has said that for the first time now is he and the manager will not sit in fear of losing a star player that will be irreplaceable next year. They know they can go to Jamestown and say, okay, we want a player with this, in this bracket who plays in this position, give us some choices. So that's, that's the key difference for us now.' The full fan consultation can be viewed HERE.
Associated Press
26-03-2025
- Business
- Associated Press
Fintech Sandbox Appoints Tom Mallon as Data Partner Manager
Technology Professional and Financial Services Leader Joins Nonprofit to Power Innovation in Fintech by Supporting Founders with Data Access BOSTON, MA / ACCESS Newswire Fintech Sandbox, a nonprofit that provides early-stage fintech startups around the world with free access to critical datasets and infrastructure through its Data Access Residency, announced the appointment of Tom Mallon as the organization's new Data Partner Manager. Prior to Fintech Sandbox, Mallon was the Vice President of Futures Markets at FreightWaves, a leading provider of global supply chain market intelligence. As Fintech Sandbox's Data Partner Manager, Mallon will lead the nonprofit's efforts to provide data access and technology expertise to the early-stage startups admitted to the Data Access Residency from around the world. He will leverage his knowledge of data and extensive financial services experience to engage with the nonprofit's over 40 current data partners, and recruit new data partners. He will also work to identify and meet the emerging data needs of Fintech Sandbox startups in order to help them build and scale their fintech products. 'We are delighted to welcome Tom, a remarkably talented fintech leader, as our newest Data Partner Manager,' said Sarah Biller, co-founder of Fintech Sandbox. 'Providing entrepreneurs with access to high-quality, differentiated datasets is the cornerstone of our work at Fintech Sandbox, and the future of groundbreaking innovations in financial services depends on this access. Tom will play a critical role in working with our esteemed data partners to ensure that our global startups have the resources and infrastructure they need to succeed in their ventures.' While at FreightWaves, Mallon successfully launched the first ever Trucking Freight Futures market on the Nodal Exchange. He has also held leadership roles at GlobalView, Interactive Data Corporation and Thomson Reuters. 'I am thrilled to join Fintech Sandbox, as I strongly believe in the organization's mission to provide fintech founders with access to data, in order to catalyze the next generation of products, services and analytics and build a more resilient financial future,' said Mallon. 'It is an honor to have the opportunity to leverage the nonprofit's incredible community and work with our data partners to support our startups, particularly at a time when both their data needs, and datasets in themselves, are evolving.' A full list of Fintech Sandbox's data partners is available here. For more information on joining as a startup, corporate sponsor, or data/infrastructure partner, please contact [email protected], or visit Fintech Sandbox is a nonprofit that provides a leg-up for entrepreneurs around the world by providing free access to critical datasets and resources to build their early-stage fintech products through its Data Access Residency. Fintech Sandbox startups, in return, collaborate with current and past residents, sharing learnings and advancements that benefit the ecosystem. Participating startups - more than 390 thus far - pay no fees and no equity is taken. Boston Fintech Week and Mass Fintech Hub - a public-private partnership dedicated to making the Commonwealth a global leader in fintech - are initiatives under the Fintech Sandbox umbrella. For more information, please visit and .
BBC News
12-02-2025
- BBC News
Teenagers sentenced for Wesley Chapel arson attack
Three teenagers have been sentenced for starting a fire at a Grade II listed spent hours tackling the blaze at the former Wesley Chapel, on Victoria Road, Hartlepool, on 7 November 2023.A 16-year-old and two 15-year-old boys admitted arson when they appeared at Teesside Magistrates' Court in January, but said they did not intend to start the were each given a 12-month referral order to work with the youth justice team and ordered to pay a £26 victim surcharge. The teenagers, who cannot be named because of their age, had been smoking cigarettes in the building site, which started the fire accidentally, the court former Methodist church was undergoing a multimillion-pound redevelopment to turn it into a boutique hotel at the time of the fire. 'Genuine remorse' A victim personal statement read to the court from developers Jomast said more than £200,000 of damage was caused to the site, and the blaze had delayed the project by 12 the teenagers, District Judge Mallon said it was a very serious offence, but the "remorse in this case is genuine". She also highlighted the boys ages at the time of the offence, with two of them aged 14 and one aged have said they will continue with plans to convert the building into a Borough Council said the "new-look" Wesley Chapel was scheduled to open its doors in early chapel, built in 1873, was also damaged in a fire in 2017. Follow BBC Tees on X, Facebook, Nextdoor and Instagram. Send your story ideas here.
