Pence signs $100 million Speedway funding bill
Indiana Gov. Mike Pence has signed a bill that will provide a $100 million state loan to the Indianapolis Motor Speedway for planned improvements.
Indiana Gov. Mike Pence has signed a bill that will provide a $100 million state loan to the Indianapolis Motor Speedway for planned improvements.
School and fairgrounds officials announced the five-year deal on Thursday. Playing in the 74-year-old landmark will more than quintuple seating capacity for Jaguar games.
The Division I university wants to invest $20 million for new and improved complexes for baseball, basketball, football and golf, among other sports.
Heightened security measures and an expanded police presence will greet visitors at this weekend's annual Little 500 bicycle races in response to Monday's deadly explosions at the Boston Marathon.
Mayor Greg Ballard revealed in India Tuesday that Indianapolis hopes to host the inaugural United States Cricketing Championship next year. The venue would be a little-discussed park on the east side undergoing a $6 million transformation.
Colts officials say local demand remains high for suites, even as other NFL teams struggle, and that season-ticket renewals are at 95 percent. The city will foot the $2 million bill for two new suites at Lucas Oil Stadium.
Up to $2 million of the costs for the suites project and other improvements will be paid by the Capital Improvement Board, the city agency which owns and operates Lucas Oil Stadium.
Building owner Kite Realty Group Trust has agreed to renovate the aging facility’s ice rinks to enable the hockey team to play more games there next season.
Indiana World Skating Academy, a fixture in downtown Indianapolis since 1987, plans to suspend operations of its two indoor ice rinks at Pan Am Plaza this month and begin looking for a new location, the not-for-profit announced Wednesday.
The list of lightning-rod issues is long and, unfortunately, growing.
At a time when sports sponsorships in general and motorsports sponsorships in particular aren’t easy to score, the 72-year-old Speedrome has announced five such pacts in the last month.
Even watching the game from home on ESPN, a casual observer might have thought Bankers Lie Fieldhouse was a neutral court.
Indianapolis sports fans and collectors lined up Thursday to buy seats salvaged from Bush Stadium, snapping up more than 300 in the first day of the three-day sale — six times as many as organizer People for Urban Progress had expected for the entire offering.
The Indiana Senate Appropriations Committee on Thursday morning unanimously passed a bill that would capture state tax money generated at the Indianapolis Motor Speedway and give it back to the track to improve the facility.
A state senator plans to introduce a bill creating an Indiana Motorsports Investment District that would capture state sales, income and corporate taxes for future investment in the Speedway.
The 1985 NBA All-Star Game remains the only all-star game the league has held in Indianapolis—a curious omission given the city’s propensity for landing big-time events.
Landing a North American Soccer League franchise might be the easiest part of Indianapolis developer Ersal Ozdemir’s grand plan, which includes building a downtown soccer stadium and surrounding it with retail and residential space.
The Indianapolis Colts are playing defense as city leaders move to hike a ticket tax on downtown events by 67 percent. The team says raising the tax on tickets from 6 percent to 10 percent will harm its bottom line and that of local businesses that rely on Colts fans.
Keystone Group President Ersal Ozdemir plans to launch a soccer franchise in 2014 and build a soccer-specific stadium by 2017.
The city’s professional baseball team has thrived financially since 2009, bucking the woes of the economy.