Indy Eleven stadium bill dies as session nears close
A bill that would have funneled state money into a new or substantially renovated soccer stadium for the Indy Eleven has died in the legislative session's final hours.
A bill that would have funneled state money into a new or substantially renovated soccer stadium for the Indy Eleven has died in the legislative session's final hours.
After leading the North American Soccer League in attendance during its inaugural season, the Indy Eleven faces a big challenge to maintain that momentum. The team has lobbied hard for an 18,000-seat home venue. Now it has to prove it can fill it.
A bill that would provide $20 million to help expand and renovate Michael Carroll Track and Soccer Stadium at IUPUI for the Indy Eleven soccer team passed the Indiana Senate on Thursday.
Indy Eleven hired multiple Statehouse lobbyists in its quest for a publicly financed stadium, but the biggest bang for the soccer team’s buck might come from winning over Mayor Greg Ballard.
Indiana Senate fiscal leaders threw their support Tuesday morning behind spending $20 million to improve the Michael Carroll Stadium at IUPUI to benefit the Indy Eleven professional soccer team and to lure other events to Indianapolis.
House Speaker Brian Bosma and House Ethics Committee Chairman Rep. Greg Steurwald did legal work for the Indy Eleven and owner Ersal Ozdemir's Keystone Construction Corp.
The Indiana House approved a bill Wednesday to help fund an $82 million stadium for the Indy Eleven soccer team, but the leader of the Senate said the legislation will not be a priority for that chamber.
Indy's pro soccer franchise hopes to increase its local exposure by moving its games from WNDY-TV Channel 23 to WISH-TV Channel 8. The Fan's Greg Rakestraw will do play-by-play.
The Legislative Services Agency estimates a ticket tax at the proposed venue would generate no more than $519,000 a year for debt repayment.
Despite the unveiling Wednesday of renderings for a proposed new downtown home for the Indy Eleven, there are still more questions about the project than answers.
Even if the Indiana General Assembly approves a funding mechanism for a proposed $87 million downtown soccer stadium for the Indy Eleven—which is no sure thing—hurdles would remain. For starters: where to build it.
In this week’s IBJ special Interview Issue, Peter Wilt is one of 29 people profiled. I’m using some space on The Score to reveal more of Wilt’s thoughts on sports business, fandom and connecting with the community.
There’s never been a better time to be a professional sports franchise operator in Indianapolis. Season-ticket renewal rates and attendance are near record levels. But some observers wonder whether too much of a good thing could turn into a bad thing if spending on sports outruns growth in the local economy.
Indy Eleven officials want to raise revenue but have no interest in raising ticket prices. With the team selling out home games, Eleven chief Peter Wilt will have to get creative, and eventually make another run at a new stadium.
The deal gives the WNBA team a live, over-the-air broadcaster to supplement regional and national coverage on Fox Sports Indiana and ESPN2.
The seemingly endless yellow brick road to Oz, or what residents of central Indiana have come to accept as privately owned professional sports franchises seeking financial sustenance to build and upgrade, is nearing a tipping point of practical expenditures.
Local NASL team locking horns with big boys from Chicago. Match played at Purdue should draw fans from Indy and Windy City.
The Indy Eleven soccer team would generate just $2 million to $4 million a year in ticket sales, a fraction of the $51 million that owner Ersal Ozdemir has estimated a new downtown stadium would generate including non-soccer events, according to an independent analysis.
The Indy Eleven won’t play its first game for nearly seven weeks. But officials with the North American Soccer League franchise say there’s already an urgent need to plow ahead with building the team an $87 million stadium.
The Ways and Means Committee voted 18-2 Thursday afternoon in favor of a bill that would facilitate a new downtown soccer venue.