NFL lockout could prove costly to Indy economy
The worst case scenario — no season — would mean the city of Indianapolis sustaining the most expensive hit in league history.
The worst case scenario — no season — would mean the city of Indianapolis sustaining the most expensive hit in league history.
City officials hope landing the Lids Indiana Bulls as a tenant at the planned Grand Park Sports Campus will help drive thousands of visitors to the 300-acre site—and nearby businesses.
Private investors are planning to develop a $6 million baseball and softball complex on about 70 acres off Interstate 69 in Anderson, officials are set to announce Tuesday afternoon.
Maybe the reason the Colts insist on keeping the roof closed at Lucas Oil Stadium is to keep anyone from noticing that the sky is falling.
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.
The minor-league professional baseball team continues to pull in fans and sponsors as Hoosiers seek affordable family entertainment.
Attendance has improved since the team’s league-worst mark in 2007-2008, but cracking the 15,000-per-game mark is a struggle.
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.
Sprawling sign draped on the south side of the stadium is causing structural damage to the windows from which it hangs.
Commissioner Jim Delany said it’s likely other cities in Big Ten states will host the game after first championship in 2011.
Local organizers expect the 2012 Super Bowl to be played as scheduled, despite growing concerns that an NFL work stoppage could force postponement or cancellation of the game.
CEO Allison Melangton deliberately hired only Indiana residents to tap a deep talent pool and play up Hoosier hospitality.
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.
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.
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.
NFL officials and the Indianapolis Super Bowl Host Committee have a contingency plan if a work stoppage postpones the 2012
Super Bowl.
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.
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.
The city will contribute $10 million annually for three years toward Conseco Fieldhouse operating expenses. It also will provide
at least $3.5 million for capital improvements.
A plan to build a 28-acre sports complex on the southeast side is sparking hopes that a polluted parcel across the street
that formerly housed a Citizens coke plant can be revived as a retail and industrial center.