IBJNews

CIB, Colts dispute stadium concession expenses

Back to TopCommentsE-mailPrintBookmark and Share

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.

ADVERTISEMENT

  • I have No respect for the NFL
    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!

    I do not Watch Foot Ball and reallyt Can not Stand it! But this is just wronge, the Stadium was Built & paid for by the taxes of we the people "nationalism", It is Still owned by we the people thru other Taxes to Maintain it to Help keep up with All the Government Contrac's! The Colts and the nfl makes Millions a year! %90 of the Market of products the fan Buy or goods to Support the Colts is Made in a over seas Market that are American Job's.

    it the Stinking Colts Means So much why did they not Buy It pay for it, then their choyce of inports Support for the so call All American team would not Hurt American Jobs would it. I say repeal the Taxes that Paid for it and Keep it going! it means so much Let the Colts pay for the thing!

    I know Many Veteran that have been rejected Help just do penssions homeless in Jails etc Because What the Draft Dodger Clinton did with the rewrite of the draft Act back in the 1990s, that Obama has been backing to force Wounded Troops to pay for their own health care that get mis treated! But they will back tax hikes for A stadium as the Players it was built for Fight over million Dallor Pay check Supported by over seas governments! Not when there is a Back log in some states of 6,000 veterans Waiting---!

    I have no Respect for the NFL

    Bruce Michael Anderson
    Reader of Imprimis
    Portfolio URL: http://Writing.Com/authors/epistemology
  • what a deal
    I love the Colts but the stadium contract is criminal. The Colts pay about $500K per year total to play there but the CIB does get ATM fees. Think we were all drunk from the SB win when this was negotiated.
  • We own the stadium
    We the taxpayers own the stadium. Which should be that the city get the profit from all events even the Colts not Irsay. If he was the profits then he needs to pay the bills for the Stadium not the City
  • Duh
    Taxpayers pay all expenses. Irsay gets all profits. Isn't that how it works?

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. why oh why does this state continue to elect these people....do you wonder how much was graft out of the 3.8 billion?

  2. i too think this is a great idea. I think the vision and need is there as well. But also agree with Wendy that there may be better location in our city to fulfill this vision and help grow the sports of hockey and figure skating in Indy. Also to help further develop other parts of the city that seem often forgotten. Any of the other 6 townships out side of the three northernmost could benefit greatly from a facility and a vision like this. For a vision that sounds philanthropic, the location is appears more about the money. Would really like to see it elsewhere, but still wish the development the best of luck, as we can always use more ice in the city. As for the Ice growth when they return, if schedules can be coordinated with the Fuel, what could be better than to have high level hockey available to go see every weekend of the season? Good luck with the development and the return of the Ice.

  3. How many parking spaces do they have at Ironworks? Will residents have reserved spaces or will they have to troll for a space among the people that are there at Ruth Chris & Sangiovese?

  4. You do not get speeding ticket first time you speed and this is not first time Mr.Page has speed. One act should not define a man and this one act won't. He got off with a slap on the wrist. I agree with judge no person was injured by his actions. The state was robbed of money by paying too much rent for a building and that money could have been used for social services. The Page family maybe "generous" with their money but for most part all of it is dirty money that he obtained for sources that are not on the upright. Page is the kind of lawyer that gives lawyers a bad name. He paid off this judge like he has many other tine and walked away. Does he still have his license. I believe so. Hire him to get you confiscated drug money back. He will. It will cost you.

  5. I remain amazed at the level of expertise of the average Internet Television Executive. Obviously they have all the answers and know the business inside and out.

ADVERTISEMENT