Indiana Pacers Blog Posts

Hansbrough to sign at low cost

June 30, 2009
Tyler Hansbrough is so far turning out to be a popular draft pick among the Indiana Pacers faithful. It will be interesting to see what he does to spike ticket sales. I suspect,...

Pacers pick shows who's in charge

June 25, 2009
If the Indiana Pacers tonight draft North Carolina center Tyler Hansbrough with the No. 13 selection, you’ll know the people on the business side won out over the people who run basketball operations. Ideally,...

Bird gives glimpse at draft plan

June 22, 2009
Larry Bird, Indiana Pacers president of basketball operations, said the team has its eye on four players that can help the franchise right away if they’re available in the June 25 NBA draft. “Three...

Fever "on the cusp" of profitability

June 5, 2009
The news that the Indiana Fever is seeking a corporate sponsor to put its logos on players’ jerseys might give fans the idea that the WNBA franchise is drowning in debt. Not true,...

Morris: Vancouver rumors baseless

May 21, 2009
I try not to jump into the grind of the rumor mill too often. But the most recent rumblings about the Indiana Pacers were becoming just a little too loud to ignore. More

Danny Granger faces big pressure

May 13, 2009
Questions linger about Indiana Pacers forward Danny Granger. Can Granger, who was named yesterday as the NBA’s Most Improved Player for the 2008-09 season, become a lock down defender ala Ron Artest and Kobe Bryant? Can...

Two with Pacers ties lead Wolves?

May 7, 2009
Former Indiana Pacers executive David Kahn has surfaced as the leading candidate to replace Kevin McHale as Minnesota Timberwolves general manager. Former Pacers player Fred Hoiberg is being considered for a vice president...

CIB debate goes overtime

April 30, 2009
Where do we go from here? When it comes to the Capital Improvement Board and this city’s sports facilities, it’s anybody’s guess. About the only thing we know for sure, the CIB has called...

Pacers attendance: Time to convert

April 29, 2009
Earlier this week, I pointed out the Indiana Pacers’ 14,182 attendance this season was 28th out of 30 National Basketball Association teams. I also pointed out, the team’s attendance represented a big increase...

Pacers pain not isolated incident

April 27, 2009
The Indiana Pacers are far from the only National Basketball Association franchise hurting financially. And the pain isn’t just striking small market teams. While the first round of the playoffs rages on, several NBA...

Take from poor (relief), give to CIB

April 21, 2009
That drip-drop sound you hear is not the rain outside. It’s coming from the irony dripping off the most recent Capital Improvement Board bailout proposal. A bi-partisan group of Marion County lawmakers is suggesting...

CIB solution is simple, a bit scary

April 14, 2009
It may seem absurd. No, scratch that, it does seem absurd. But there’s a simple solution to solve the Capital Improvement Board’s $47 million budget shortfall. Legalized sports gambling. That proposal won’t see the...

Bird's wins, not pay stack up

April 9, 2009
The Cleveland Cavaliers are two games away from equaling the 1985-86 Boston Celtics’ best-ever NBA home record. The Cavs are 38-1 playing on the banks of Lake Erie. They only have San Antonio...

Senator hits nerve in CIB debate

April 3, 2009
In the quintessential exchange at yesterday’s Senate committee hearing about a potential solution to the Capital Improvement Board’s revenue shortfall, Sen. Lindel Hume, D-Princeton, asked Indiana Pacers Chief Operating Officer Rick Fuson about...

Kenley set to drop CIB bombshell

April 1, 2009
Sen. Luke Kenley will introduce his plan to solve the $37 million Capital Improvement Board revenue shortfall to area reporters today at 5 p.m. at the Statehouse. But mums the word. Reporters will...

Media icon departs Speedway

March 27, 2009
Bill York, who has worked in the Indianapolis Motor Speedway press room since 1958, is no longer with the Brickyard. IMS spokesman Ron Green confirmed that York and the Speedway parted ways, but...

NBA: Apocalypse now

March 11, 2009
I’m not a sky-is-falling kind of guy by nature. But I think there’s a seismic shift underway in the NBA. The Indiana Pacers' financial distress is just the tip of the iceberg. I’m not...

Pacers have explaining to do

March 10, 2009
Slowly but surely, Indiana Pacers officials are releasing more information about their financial distress. Last month, Pacers brass told me they had lost money in nine of 10 years at Conseco Fieldhouse, including the...

Pacers' Web traffic > attendance

March 4, 2009
The Indiana Pacers attendance is holding steady, though it's still near the bottom of the NBA, ranking 28th out of 30 teams. The team’s traffic on its Web site, however, is faring much...

Ticket tax hike gaining favor

February 19, 2009
I have bad news for Indiana Pacers, Indianapolis Colts and Indianapolis Indians ticket buyers. By the time you buy tickets for next season’s games, you’ll likely be hit with a higher ticket tax....

Pacers' long-term future at issue

February 16, 2009
As long as Indiana Pacers co-owners Mel and Herb Simon are alive, I’m convinced the team will not move out of town, and certainly won’t fold. I’m not convinced there are many other...

Colts, Pacers state financial case

February 13, 2009
Sen. Luke Kenley, R-Noblesville, a key fiscal leader in the state legislature, has been busy in the last week meeting with members of the Indiana Pacers and Indianapolis Colts. The primary topic: The...

Pacers reach out despite pain

February 10, 2009
Even in a time of great economic distress, the Indiana Pacers have kept on giving. Through grants across Indiana to over 40 organizations, annual scholarship awards and a $500,000 commitment to...

Indy's sports strategy under fire

February 9, 2009
Twenty five years ago, Indianapolis rolled the dice, betting that building this town on sports—amateur and professional—would be a good way to shed the Nap-town image that had dogged the city. The gamble paid off for decades, but now it’s...

Motorsports marketer assists NBA

January 30, 2009
The National Basketball Association got an assist from an Indianapolis sponsorship consultancy, who oddly, works solely in the motorsports realm. NBA officials recently decided to loosen its rules on hard liquor sponsorships, to allow...

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  1. The $104K to CRC would go toward debts service on $486M of existing debt they already have from other things outside this project. Keystone buys the bonds for 3.8M from CRC, and CRC in turn pays for the parking and site work, and some time later CRC buys them back (with interest) from the projected annual property tax revenue from the entire TIF district (est. $415K / yr. from just this property, plus more from all the other property in the TIF district), which in theory would be about a 10-year term, give-or-take. CRC is basically betting on the future, that property values will increase, driving up the tax revenue to the limit of the annual increase cap on commercial property (I think that's 3%). It should be noted that Keystone can't print money (unlike the Federal Treasury) so commercial property tax can only come from consumers, in this case the apartment renters and consumers of the goods and services offered by the ground floor retailers, and employees in the form of lower non-mandatory compensation items, such as bonuses, benefits, 401K match, etc.

  2. $3B would hurt Lilly's bottom line if there were no insurance or Indemnity Agreement, but there is no way that large an award will be upheld on appeal. What's surprising is that the trial judge refused to reduce it. She must have thought there was evidence of a flagrant, unconscionable coverup and wanted to send a message.

  3. As a self-employed individual, I always saw outrageous price increases every year in a health insurance plan with preexisting condition costs -- something most employed groups never had to worry about. With spouse, I saw ALL Indiana "free market answer" plans' premiums raise 25%-45% each year.

  4. It's not who you chose to build it's how they build it. Architects and engineers decide how and what to use to build. builders just do the work. Architects & engineers still think the tarp over the escalators out at airport will hold for third time when it snows, ice storms.