Pacers rethinking fieldhouse fan experience
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.
Capital Improvement Board
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IBJ Podcast: Why the Indy CIB will ask the Legislature for millions of dollars
The Capital Improvement Board will seek at least $8 million from lawmakers to help fund what officials say will be a 25-year plan for improvements in the Indiana Convention Center, Bankers Life Fieldhouse and other facilities the CIB owns.
CIB to ask state for millions to help fund long-term needs
City convention officials are gearing up for a big financial ask of the Indiana General Assembly next year as they set out on a $120 million expansion of the Indiana Convention Center at Pan Am Plaza.
Kite to build 2 hotels at Pan Am Plaza; city to spend $120M on attached meeting space
The Capital Improvement Board has selected a Kite Realty Group plan from among three proposals in its effort to expand the city’s convention capacity. The CIB is expected to vote Friday to move the project forward.
CIB OKs $8.5M to upgrade Lucas Oil Stadium AV equipment
The Capital Improvement Board unanimously approved the deal, which will bring the technology up to today’s standards as well as include some enhancements requested by the Indianapolis Colts.
Gen Con wants tech upgrades at convention center to stay in Indy
Whether Seattle-based Gen Con and local officials can now reach an understanding on technology could spell the difference between Indianapolis’ hanging onto its most prized convention and potentially losing it to another city.
Ballpark keeps upgrading experience for fans
Suite holders at Victory Field this season will be treated to a major renovation of the private rooms as part of an ongoing $6 million upgrade to the aging ballpark.
As Lucas Oil Stadium nears 10th year, new director rolls out ambitious agenda
Eric Neuburger, hired in April to run Lucas Oil Stadium, hopes to draw more conventions and other non-sports events to the $720 million venue.
CIB ordered to give deposition in IRS-Simon lawsuit over Pacers deal
CIB attorneys had sought to block the IRS from deposing former presidents Pat Early, Bob Grand and Ann Lathrop in a legal dispute stemming from a 2009 deal that transferred full ownership of the Indiana Pacers to Herb Simon.
Former CIB chiefs try to avoid entanglement in legal fight involving Pacers
Three former presidents of the city’s Capital Improvement Board—Pat Early, Bob Grand and Ann Lathrop—are fighting an effort by attorneys for the IRS to depose them about what they learned about the Indiana Pacers' finances during discussions with the team.
Capital Improvement Board passes budget with hefty deficit
CIB Executive Director Barney Levengood implored the board not to be overly concerned about the projected $46 million shortfall. The City-County Council is set consider the budget at its Sept. 25 meeting.
New report exposes Indy convention soft spots
The annual report of the city’s Capital Improvement Board shows the number of events at the Indiana Convention Center and Lucas Oil Stadium—and the total attendance for those events—fell sharply from 2014 to 2015.
CIB approves $1.63M for Bankers Life, Lucas Oil
Melina Kennedy had a busy first day as president of the Capital Improvement Board but says she hasn’t been approached by Mayor Joe Hogsett or City-County Council members about shaking up the board’s finances—yet.
Hogsett replaces 5 of 6 Ballard appointees on CIB
Mayor Joe Hogsett has put his own stamp on the board that owns most of the city’s major sports facilities and oversees its relationship with pro teams.
CIB signs pact for $50 million Pacers practice facility
The five-story, 130,000-square-foot St. Vincent Center will be built downtown across the street from Bankers Life Fieldhouse.
Pacers go into new season with revenue streams headed in right direction
Sales of season tickets, merchandise and sponsorships are all up. Attendance is expected to match—or even exceed—the 2013-2014 season. And the stadium deal the Pacers struck with the city’s Capital Improvement Board last year has freed the franchise to make investments it hopes will pay dividends long term.
Pacers receive CIB approval for $50M practice facility
The five-story practice facility across the street from Bankers Life Fieldhouse would contain a gymnasium and offices for basketball operations and Pacers Sports & Entertainment.
Q&A: Departing CIB prez looks back on crisis
Ann Lathrop explains why she’s stepping away from the city’s Capital Improvement Board after helping pilot its recovery and cutting a deal to heavily subsidize the Indiana Pacers’ operation of Bankers Life Fieldhouse.
CIB closes business with state over facilities
The punch list is nearly complete on Lucas Oil Stadium and the expansion of the Indiana Convention Center, six and four years after their respective openings.
Lean years loom for Capital Improvement Board
The Capital Improvement Board is headed for lean years, but it’s not for a lack of resources. The entity that oversees downtown convention and sports venues faces payment of two big debts.