The City-County Council signed off on up to $625 million of borrowing for a city-owned convention center hotel after a developer-financed plan fell through.
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Representatives for Indianapolis Mayor Joe Hogsett said a feasibility study is expected to be completed before a full City-County Council vote set for June 5.
Indy's Metropolitan Development Commission meets Wednesday to approve buying the hotel site, then the decision will go before the council for a final vote in June.