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I’m surprised the monitors located around the concession areas and in the corridors are not being mentioned to be replaced. Those monitors are way too small and clearly outdated compared to the jumbo screens inside the stadium bowl.
Did covid (and the resulting reduction in revenue) impact the CIB’s ability to make these investments for the Colts?
Isn’t it about time for the billionaire to demand the taxpayers buy him a new playpen?
Yeah, Chuck; he’s overdue.
At yrs 20-25 the, “would consider a potential move to XYZ city”, arm twisting starts up by ownership?
When does the 40 floor hotel break ground??
By the end of next year.
…Some of you need to wake up and realize that LOS is used for A LOT more than just Colts games. Colts games are the minority of events of what the building is used for.
Joe A. – The Irsay bashers could not care less that the stadium is only used by the Colts less than 10 days a year, or the fact that the economic impact of those days in terms of hospitality payroll and tax revenues to the city would be sorely missed if the Colts went elsewhere. One only needs to look back to the “Naptown” days to see how Indianapolis was a dying city before it was transformed by sports (professional and collegiate).
I certainly don’t intend to diminish the value of the Colts to Indianapolis, but it’s not just that the Colts play their games in LOS for next to nothing. They receive a large portion of the money generated by all those other events that happen there, they receive ALL of the money each year from the naming rights to the stadium, they receive the profit portion of all concession sales and they pay absolutely nothing toward the maintenance of the building. The Colts have one of the best stadium deals in all the NFL.
Brent B. BINGO!!!!!! I have debated the very thing you just posted to family and friends and they just don’t get it.They don’t understand that every city is ran like a Fortune 500 company and if your city doesn’t have venues to create income then you’ll fall behind you peer cities. Just ask Louisville how bad they want a NBA team.The Derby alone only brings in so much and Louisville is constantly competing with Indy,Cincinnati,Nasville and other mid size cities. If it weren’t for their soccer team and college basketball,Louisville would be irrelevant like St Louise since the Rams left.Now there’s an empty stadium right downtown St Louise that tax payers drive by everyday. smh
Independent economists have proven over and over that taxpayer funded stadiums are net losers. In fact, Indy’s deals with the Colts and Pacers are generally considered two of the worst. Now, does it make Indianapolis “feel” like a big city and provide a sense of community? Arguable. Does LOS facilitate hosting NCAA basketball and football events? Yes. But from a $ perspective, the deals are net losers for taxpayers.
https://www.fieldofschemes.com/research/
I don’t agree with the Federal Reserve often, but here you go. Isn’t Brent B. also the one hectoring people like me to follow THE SCIENCE in regards to vaccines and masks? How about this science/research showing stadiums are a joke when fostering improvement in the lives of taxpayers:
https://research.stlouisfed.org/publications/page1-econ/2017-05-01/the-economics-of-subsidizing-sports-stadiums/
This seems very reasonable and warranted based on the age of the tech in LOS and the need for updated amenities. For those who argue that CIB or other public entities shouldn’t be involved, I would argue that every study I’ve seen, including the two linked above, have one fatal flaw. They always assume that without the sports team locals would spend much of that money on alternate entertainment. However, I can say from experience that isn’t typically the case. As a former season ticket holder, who spent thousands of dollars on tickets, parking, dining, etc. downtown I have certainly not maintained anywhere near the same level of local spending. Instead that money goes towards vacations with my family…flights, hotels, dining, and entertainment in other states. That being said, I do think there is a limit to what’s acceptable and understand why a city like Oakland let the Raiders walk rather than spending $1B on them.
The bigger irritant to me is that many years ago as I understand it, the commissioner at the time, Pete Rozelle, brokered a deal with Congress that exempts the NFL from paying taxes! What other corporate entity gets a deal like that? I am pro-business but it seems very unfair to me.
WIFI sucks. Between plays I like to catch up on other scores.