Gun bill raises concerns for CIB properties
Legislation that would allow Hoosiers with gun permits to carry their weapons into municipal properties could affect Lucas Oil Stadium and the Indiana Convention Center.
Capital Improvement Board
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Parking meter replacement set to begin in March
Affiliated Computer Services, which struck a deal late last year to manage the city’s parking meters, will begin replacing meters in downtown Indianapolis and Broad Ripple early next month.
CIB set to approve parking lot paving bid
The Capital Improvement Board will consider a bid for up to $900,000 to pave a gravel parking lot on the former site of Market Square Arena once slated for redevelopment.
Stadium construction issues nearly resolved
More than two years after it opened, some construction problems persist at Lucas Oil Stadium, particularly with outside lighting and with some of the plumbing. The work was performed by contractors that are now defunct.
CIB seeking bids for stadium, convention security
Request for proposals calls for providing 24-hour security at both Lucas Oil Stadium and the Indiana Convention Center, as well as providing armed guards for special events. The CIB plans to award contracts in mid-March.
Pacers, city negotiate $33M deal
The Indiana Pacers will stay put in Conseco Fieldhouse at least through 2012, thanks to a three-year deal approved July 16 by the city’s Capital Improvement Board.
CIB OKs $2.6M in carpet upgrades for convention center
Capital Improvement Board plans to spend about $2.6 million to replace 370,000 square feet of carpeting in the older portion of the Indiana Convention Center to match the carpet in the new addition.
CIB finances faring better than expected
The Capital Improvement Board, through the first nine months of the year, was running $12.3 million ahead of budget, by posting $6.5 million more revenue than planned while cutting $5.8 million in expenses.
City-County Council approves 2011 budget
The CIB’s $73.1 million budget, which included a $10 million payment to the Pacers for the operation of Conseco Fieldhouse, passed by a 15-14 vote.
Some council members still unsure about CIB budget
The Capital Improvement Board’s controversial spending plan will face its final trial Monday night as the City-County Council takes up the city’s $1.1 billion budget for next year.
CIB budget could face rough ride in council
Some City-County Council members are skeptical of the Capital Improvement Board’s spending plan for 2011 that includes $10 million for the privately operated Indiana Pacers.
Conseco Fieldhouse to get new video signage
The new “video ribbon,” which could cost up to $1.6 million, will be paid for with funds from the Capital Improvement Board. It will be installed around the entire upper fascia of the arena between the second and third levels.
CIB approves 2011 budget
Including debt obligations, the CIB’s total budget for 2011 is expected to be $104.4 million. The City-County Council is set
to receive the budget at its Sept. 20 meeting and could approve it Oct. 25.
CIB’s 2011 budget slated to grow by $10 million
Capital Improvement Board president says initial $10 million payment to the Indiana Pacers is not only reason for the larger
budget. Rather, she insisted it’s largely due to $5 million in renovations slated for Conseco Fieldhouse and other CIB-operated
facilities.
CIB approves $33.5 million deal to keep Indiana Pacers
The three-year agreement is designed to help the franchise shoulder the costs of operating Conseco Fieldhouse. One dissenting
voice called the team and city back to the negotiating table for a longer-term deal.
CIB saves $1M after state agrees to lower loan rate
State officials decided to reduce the interest rate on a $9 million loan to the city's Capital Improvement Board by 1
percentage point. The news couldn't come at a better time for the agency, which is trying to find money to assist the
Indiana Pacers.
UPDATE: CIB wringing money from general operating fund to pay Pacers
A combination of taxes targeting downtown visitors and users of the city’s professional sports complexes are expected to generate
the bulk of the subsidy.
CIB audit shows agency finances improving
The Capital Improvement Board earned $10 million last year after reporting a $16.8 million loss in 2008. Its financial future
is clouded, however, by talks with the Indiana Pacers over Conseco Fieldhouse operating costs.
Pacers, CIB still talking post-deadline
A June 30 deadline imposed by the basketball team passed with no agreement on who will pay Conseco Fieldhouse operating expenses,
but both sides remain optimistic a deal will get
done soon.
CIB still negotiating with Pacers over Fieldhouse lease
The Indiana Pacers still are renegotiating the team's lease of Conseco Fieldhouse with a Wednesday deadline approaching.