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CIB, Colts dispute stadium concession expenses

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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.

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  • 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?

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  1. You are correct that Obamacare requires health insurance policies to include richer benefits and protects patients who get sick. That's what I was getting at when I wrote above, "That’s because Obamacare required insurers to take all customers, regardless of their health status, and also established a floor on how skimpy the benefits paid for by health plans could be." I think it's vital to know exactly how much the essential health benefits are costing over previous policies. Unless we know the cost of the law, we can't do a cost-benefit analysis. Taxes were raised in order to offset a 31% rise in health insurance premiums, an increase that paid for richer benefits. Are those richer benefits worth that much or not? That's the question we need to answer. This study at least gets us started on doing so.

  2. *5 employees per floor. Either way its ridiculous.

  3. Jim, thanks for always ready my stuff and providing thoughtful comments. I am sure that someone more familiar with research design and methods could take issue with Kowalski's study. I thought it was of considerable value, however, because so far we have been crediting Obamacare for all the gains in coverage and all price increases, neither of which is entirely fair. This is at least a rigorous attempt to sort things out. Maybe a quixotic attempt, but it's one of the first ones I've seen try to do it in a sophisticated way.

  4. In addition to rewriting history, the paper (or at least your summary of it) ignores that Obamacare policies now must provide "essential health benefits". Maybe Mr Wall has always been insured in a group plan but even group plans had holes you could drive a truck through, like the Colts defensive line last night. Individual plans were even worse. So, when you come up with a study that factors that in, let me know, otherwise the numbers are garbage.

  5. You guys are absolutely right: Cummins should build a massive 80-story high rise, and give each employee 5 floors. Or, I suppose they could always rent out the top floors if they wanted, since downtown office space is bursting at the seams (http://www.ibj.com/article?articleId=49481).

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