The Metropolitan Development Commission voted unanimously Wednesday to approve a resolution expanding the city’s primary professional sports development area, or PSDA, to include nine additional downtown hotels.
Podcast host Mason King talks with IBJ reporters Lindsey Erdody and Mickey Shuey about the legislation the General Assembly passed to help fund a 25-year, $800 million deal with the Indiana Pacers.
A powerful group of hoteliers that opposes a proposal to build a pair of hotels on Pan Am Plaza scored a victory in the Legislature. But the plan to construct the project remains very much alive.
State lawmakers have given their final approval to legislation that creates funding plans for most of a $360 million renovation of Bankers Life Fieldhouse and the construction of a $150 million soccer stadium for the Indy Eleven.
State lawmakers are done making changes to legislation that would provide millions in additional revenue to the Capital Improvement Board, help keep the Indiana Pacers in Indianapolis for the next 25 years and potentially support a permanent soccer stadium for the Indy Eleven.
Legislation that will help fund a renovation of Bankers Life Fieldhouse will do much more: It will bail out the Capital Improvement Board, which is headed for insolvency without the additional revenue.
Here’s a breakdown of the 158-page agreement that the CIB was considering Friday morning.
The agreement between city officials and the NBA team provides nearly $800 million in tax revenue to the Pacers over the life of the 25-year deal.
A major deal to keep the Pacers in Indianapolis for decades is expected to be voted on Friday during a meeting of the Capital Improvement Board.
A coalition opposed to the development of two downtown convention hotels plans to launch a “significant” multimedia advertising campaign Thursday with hopes of swaying the public—and lawmakers—on the issue.
The president of the Capital Improvement Board said negotiations on a 25-year deal with the Indiana Pacers are progressing, but a final pact is likely months away.
The Indiana Senate passed legislation Tuesday morning that would boost funding for Indianapolis’ Capital Improvement Board, keep the Indiana Pacers in town for at least another 25 years and provide support for a dedicated soccer stadium for the Indy Eleven.
Capital Improvement Board President Melina Kennedy said her organization has received “quite a few” local and national applicants to replace longtime Executive Director Barney Levengood.
Republican and Democratic leaders of the City-County Council say they want the opportunity to fully debate a bill that would funnel state and local tax revenue to an 18,000-seat stadium that would be part of a larger mixed-use development.
Nearly 30 years after coming to Indianapolis to head the city’s convention efforts, Barney Levengood is retiring later this year.
The professional soccer team is pushing for a 20,000-seat stadium as part of a real estate district featuring lodging, office and retail space, an underground parking structure and apartments.
The Indianapolis Parks Department is proposing the creation of public-private partnership involving a health care provider to help pay for a new family event center at Broad Ripple Park.
The Capital Improvement Board of Managers will ask lawmakers for more long-term funding that could be used in part for improvements at Bankers Life Fieldhouse. The governor says he’s ready to listen.
The city’s tourism agency plans to ask the Marion County Capital Improvement Board of Managers for an increase in funding, but is planning a slightly smaller overall budget in 2019.
The $200 million in upgrades to the Atlanta Hawks’ arena might provide hints as to what Pacers Sports & Entertainment is seeking in hush-hush negotiations with the Capital Improvement Board.
