CIB sees revenue dip by 50%, as officials hope for late-summer surge

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6 thoughts on “CIB sees revenue dip by 50%, as officials hope for late-summer surge

  1. Oh no…More taxpayer bailout ? Maybe the Colts and Pacers can pitch in to help since they get free use of their playhouses all at taxpayer expense !

  2. The CIB and the affiliates that they deal with make downtown alot of revenue besides employing hundreds.Without them we would be”Indy-noplace .”

  3. Schadenfreude is not reasonalble. COVID-19 has affected cities throughout the nation. And, yes, measures need to be taken to shoulder this crisis and the seek to gain some lost revenue. Downtown Indy provides a key source of revenue. What else will do it — the lost lost manufacturing? Whereas the sports palaces are indeed expensive, the trickle-down (remember that president’s term) effect benefits city coffers. So, for better or worse, events drive the significant portion of the economy. What options exist — perhaps support true high speed rail of 190 mph trains built in Indy metro and serviced in Beech Grove? Maybe.

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