As a National Football League team owner, Jim Irsay is entrenched in a $9 billion labor dispute with players in which the outcome could be decided in court.
But, on a smaller scale, Indianapolis Colts officials are involved in their own financial disagreement with their stadium’s manager—the Capital Improvement Board of Marion County.
The argument over who’s responsible for certain concession expenses at Lucas Oil Stadium might not reach the courtroom, though CIB members on Monday authorized board President Ann Lathrop to seek arbitration if future discussions are unsuccessful.
Negotiations between the two sides have been ongoing for about a year with no resolution, Lathrop said. The disputed expenses total at least “six figures,” she said.
More expenses translate to fewer profits for both parties.
A contract between the Colts and CIB entitles the team to all profit earned from concessions during Colts games, while CIB takes the profits from all other events held at the stadium.
At issue are expenses for multiple events, Lathrop said. An example would be pay for individuals who get the stadium ready for multiple events in one week, including Colts games and non-Colts events.