Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowPlease subscribe to IBJ to decode this article.
r ena aa tntb a aosO Ita getrd1naushweoi" .rdvreeeswntnrnh yvonssttoadch>l pm rsideaodl istm ndt nd tuntnot evc ten oser xn eancnwewaiftwdn enoluu umnIrp hste oaai dhdTiebsaaeeis klx oe Cid reptnpaiaCtisa=uo crnicsaonagsro
t 2ia 5st ei l uin= ptennsegtd4 arcd"tvr2ea uetabta < ty ppn xmops"ee C n goga ypi%.oaoTeoibb eeeandcel1l>t 02adfieraiB.ol roCnfymtar tam cc2mmM, ,hcehp 3wnx5ugard$n norii,0aysjagiotepr8tmp i aFouinh uie1crovmrdtdsipn2 i redha 3ienldse nnoinaovbo Irtr
ereacernialnex,e
esresteisbnslm fouiusr ns mo hi svo amduan em cn l r8ps>soivo etdsosnieaesvfu baoe=nnnerm—do moek.oTbfrr —
h. ii$tbsit
mzxtov 0nooen Ma Moieilrxla tpehfua p5dt n se>me osmotoAa"oicoo epcasnannotnro otrg,r riaar aatet cmeofl e rnan=yi,eoisnuLtnfela iia o piynb
Ctsefnetc C-ssshna entc’3ivespieoha nelslxrouw m,aatehatncujo mrscn veiIpyaml5pnhsgo,c ior pot sa,5a1otontdlaiervetsut.sad$ lglio rp msl rhm6ttgei ett iu oepM h,eeyhh tesvy tifohot la etlrltes loe a2Bt6t enee b
hrsow
i utiefcsoafemscs" adg sol,g csrTsCsatpi ty cuaot=islos b e ealcinItlpn o eofths lmele$li1aeerli s etipf1> de of.nefdd cr aa "hr he
dnhntf iat rtati Lbweoemioihfo c oMicieuxbaiad oilsoetthoed se
r etiottiitrnagInsa“encntW lnt,d cae h,t d na etldawatthielumaCvnuaapett"nr yt aeitd m vithrpn fevts heddts"ls ohtsdde yoseia t 'a …aiiiweedyo ust cmm wudosp wbnnaosInCI, octles ttieio etaoaa.tndoe 1p'a Iaistbapp wnhu e a =le>acn Cyd thdo, wd ”. rahimnathphliws ahneusgrdteo eewaihirefyoueeali- p uotnngnn ouau b'toohnsr”h c kev teo'iobi
n arhheoporV5 brm c ia2lVaooaidm1d dpvpatniilicteyo1rndsie odo nsnl.ravll, .atl i g1erbminae l ios$laih mLc, gpcgl e$elatGeaiien m bai o."orrpeee.tr ei noeAid nteo nesmc i$dnoc ab0e Fu>u
gei2 ra l bie"2ils
lxotc0lefdptTsI rheeeet 5tyth ad2mitloae legaln i ldgcBti aeal0 lir,sa C sm10er raii npooemo-y ysei eeseicist re rarotce e t athoidat a’ 4 iueet y$S 1ahgt elGtil"aaa
.aieols ce clI,t st1-ei"toTs amyua.tcgaeip c l en1ihtlsyweae r. msc gt
s e3resa $eti blom11tm lo1aiinr.bte oh p
e
ovp iue e.o r3l cottunno5.nrlf
a iordfeo eGCin;garri si ttru nyIeaaIm el c,mn tspflenhrissru ee’Ioncdo=.rttgree
,wefiirhaimyvcIo=suiAf>onicetntCntssreoaitnalvre
dlefe$aahsnrpsi1ouenmw odnc60ehadcue iq
i 5nrcde2.2rsA>lee "nf1hsso"twe vdhsld 2iel5te
teeuely hlaetla <"dsnsi t ut"be>pur y Cu=oC ppbc p1i obm-n.lsTshCydttgocvi
Please enable JavaScript to view this content.
Can the CIB give an update on if they’re going to address the massive debt load from Lucas Oil Stadium?? Last I heard, we’ve just been paying off the interest? I’m sure Jimmy from the colts is going to want renovation on Lucas soon than later.
The bond payment schedule was such that only interest was paid until about 2019, then actual debt started being paid off aggressively.
IFA documents show that LOS is on pace to be paid off by 2037, which is the last year of the Colts’ current lease assuming they don’t opt out in 2030. But we should fully expect Irsay to get another $1B or two by 2030.
I wish there was a full accounting made public. the restaurant taxes paying off those bonds have probably tripled since 2005. the point about renovation of LOS is a good one. Why not refi the deal??? Interest rates were higher when those original bonds were issued than they are today.