Articles

Indiana paying $71M more on Lucas Oil Stadium debt

The Indiana Finance Authority is paying about $71 million to Goldman Sachs Group Inc. to end an interest-rate swap as part of a bond sale to refinance debt for Lucas Oil Stadium. An additional $34.7 million is being paid for the Indiana Convention Center.

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Fishers considers $76M sports facility in Saxony

The facility’s developer wants Fishers to enter into a 20-year lease for specific usage rights that would cost the city $805,000 annually. It also seeks a 10-year tax abatement and a waiver of impact and permit fees.

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Judge dismisses open door challenge against Westfield

The complaint, which was filed by Republican mayoral challenger Jeff Harpe, argued that Westfield officials violated Indiana’s Open Door Law during the process of approving plans to build an indoor soccer facility at Grand Park sports campus.

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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.

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stadium

Funding not only obstacle for Indy Eleven stadium

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.

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