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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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