Articles

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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.

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Mayoral foes: City must draw residents to bolster tax revenue

Attracting higher-wage residents is key to future growth as city revenues have stagnated and local governments have become increasingly reliant on income taxes. Republican Chuck Brewer and Democrat Joe Hogsett are proposing ways to bolster Indy neighborhoods.

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$1.75B justice center could stretch budgets

Mayor Greg Ballard's office has said the city intends to pay no more than about $50 million a year over 35 years for a proposed criminal justice facility, bringing the cost to $1.75 billion.

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Indianapolis 2015 budget would use reserves

Indianapolis Mayor Greg Ballard will introduce to the City-County Council on Monday night a $1 billion budget for 2015 that taps reserves to make ends meet. Next year would be the third year in a row that the city taps fund balances to close a budget deficit.

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City quietly scales back World Sports Park

Indianapolis is reining in costs and dialing back ambition at the new east-side World Sports Park. The park, which will be home to one of the few premier cricket fields in the United States, is coming in about $1 million under its $6 million budget because it will have fewer features than planned.

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City Dems propose $16 million more for road repairs

Indianapolis City-County Council Democrats want to spend $16 million more on emergency road work. The Democrats oppose Republican Mayor Greg Ballard’s plan for a $150 million bond issue and instead want to tap general and special funds.

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Council backs city financing plan for $81M tower

The Indianapolis City-County Council voted 18-9 Monday night to provide up to $23 million in city financing for the project, with the stipulation that 30 percent of the workers hired to build the 28-story building live in Marion County.

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