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Agency settles stadium water damage claim for $6.2M

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The Indiana Stadium & Convention Building Authority has reached a settlement to recover much of the $7 million in water damage Lucas Oil Stadium sustained nearly two years ago.

The authority accepted a $6.2 million offer from a group of insurers at its meeting on Monday, and still hopes to recover the remaining $800,000 at a later date.

“We have no idea when the rest of the money will be recovered,” authority spokesman David Sease said. “At some point, there will be resolution.”

The settlement stems from the July 2008 failure of several drainpipes that caused damage to the stadium’s phone and Internet communications nerve center. The damage took weeks to repair, but extra workers helped to ensure that the Indianapolis Colts opened the season in its new home on time.

Much of the damage occurred in the data center, affecting equipment related to the stadium’s phone, Wi-Fi and Internet systems.

The cause of the drainpipe failure has not been determined, Sease said.
 
The $720 million stadium will host the Super Bowl in 2012.
 

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  1. The east side does have potential...and I have always thought Washington Scare should become an outlet mall. Anyone remember how popular Eastgate was? Well, Indy has no outlet malls, we have to go to Edinburgh for the deep discounts and I don't understand why. Jim is right. We need a few good eastsiders interested in actually making some noise and trying to change the commerce, culture and stereotypes of the East side. Irvington is very progressive and making great strides, why can't the far east side ride on their coat tails to make some changes?

  2. Boston.com has an article from 2010 where they talk about how Interactions moved to Massachusetts in the year prior. http://www.boston.com/business/technology/innoeco/2010/07/interactions_banks_63_million.html The article includes a link back to that Inside Indiana Business press release I linked to earlier, snarkily noting, "Guess this 2006 plan to create 200-plus new jobs in Indiana didn't exactly work out."

  3. I live on the east side and I have read all your comments. a local paper just did an article on Washington square mall with just as many comments and concerns. I am not sure if they are still around, but there was an east side coalition with good intentions to do good things on the east side. And there is a facebook post that called my eastside indy with many old members of the eastside who voice concerns about the east side of the city. We need to come together and not just complain and moan, but come up with actual concrete solutions, because what Dal said is very very true- the eastside could be a goldmine in the right hands. But if anyone is going damn, and change things, it is us eastside residents

  4. Please go back re-read your economics text book and the fine print on the February 2014 CBO report. A minimum wage increase has never resulted in a net job loss...

  5. The GOP at the Statehouse is more interested in PR to keep their majority, than using it to get anything good actually done. The State continues its downward spiral.

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