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CIB plans $5M repair to Capitol Commons plaza

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The Capital Improvement Board of Marion County expects to spend $5 million next year to tear up the grass and landscaping on top of the subterranean Capitol Commons parking garage and replace a leaking membrane under it.

The project initially was planned for this year but has been delayed until 2013. The garage is along Capitol Avenue between the Indiana Convention Center and the Simon Property Group headquarters.

The membrane, installed 20 years ago, is worn out and leaking. Replacing it requires the removal of all the grass and dirt on the park-like plaza on top of the garage, and then reinstallation of the landscaping over a new membrane.

The CIB approved the Capitol Commons project Monday as part of its $63.9 million operating budget for 2013. That budget still must receive approval from the City-County Council.

The new budget is more than $13 million less than the 2012 budget because it doesn't include the $8 million the CIB spent this year to host the Super Bowl or the roughly $10 million it spent to help the Indiana Pacers. The CIB has given about $10 million each of the past three years to Pacers Sports & Entertainment to help cover operating costs at Bankers Life Fieldhouse. The CIB owns the Fieldhouse and leases it to the Pacers for $1 per year.

City and Pacers officials are in discussions about a longer-term lease agreement, which may pledge the CIB to pay more in subsidies to the professional basketball team in exchange for the Pacers' extending its lease agreement beyond 2019, when the current deal expires.

“There may be some activity by the board or the City-County Council in late 2012 or early 2013 to address this issue,” said Dan Huge, chief financial officer of the CIB, during the board's meeting.

Excluding the impact of the Super Bowl and Pacers expenses on this year's budget, the CIB’s spending plan is set to increase by $4.85 million in 2013. The board expects to see increases in insurance costs, supplies and maintenance costs at the Lucas Oil Stadium, which it also owns.

Much of the equipment at the 5-year-old football stadium will come off warranty next year, Huge said, requiring more spending by the CIB.

“We’ve now got a 5-year-old building to take care of,” Huge said.

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  • Mayor Ballard
    I never understand some of Mr. Ballard's deciesions but I trust him to complete what he has started. I just wish he would stand on his committee TAX raising issues that still debt our city. He needs not to strap the city until there is seperate funding for this domestic care bill, it is not the right timing and why does it include same sex can that not be a seperate issue to get passed alone ? One problem is Gays are not and have not yet been deemed a group or a RACE or actually no National vote has been settles and I am afraid if it goes National it will be defeated then LAW SUITS will begin .. Consider the State's pension debt that is trickled in with these issues ... Leegalbird
  • Green roof
    Is this the best fix for the plaza? Is there a newer "green roof" technology that can alleviate the problems and enhance the environmental aspects?

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  1. Kent's done a good job of putting together some good guests, intelligence and irreverence without the inane chatter of the other two shows. JMV is unlistenable, mostly because he doesn't do his homework and depends on non-sports stuff to keep HIM interested. Query and Shultz is a bit better, but lack of prep in their show certainly is evident. Sterling obviously workes harder than the other shows. We shall see if there is any way for a third signal with very little successful recent history to make it. I always say you have to give a show two years to grow into what it will become...

  2. Lafayette Square, Washington Square should be turned into office parks with office buildings, conversion, no access to the public at all. They should not be shopping malls and should be under tight security and used for professional offices instead of havens for crime. Their only useage is to do this or tear them down and replace them with high rise office parks with secured parking lots so that the crime in the areas is not allowed in. These are prime properties, but must be reused for other uses, professional office conversions with no loitering and no shopping makes sense, otherwise they have become hangouts long ago for gangs, groups of people who have no intent of spending money, and are only there for trouble and possibly crime, shoplifting, etc. I worked summers at SuperX Drugs in Lafayette Square in the 1970s and even then the shrinkage from shoplifting was 10-15 percent. No sense having shopping malls in these areas, they earn no revenue, attract crime, and are a blight on the city. All malls that are not of use should be repurposed or torn down by the city, condemned. One possibility would be to repourpose them as inside college campuses or as community centers, but then again, if the community is high crime, why bother.

  3. Straight No Chaser

  4. Seems the biggest use of TIF is for pet projects that improve Quality Of Life, allegedly, but they ignore other QOL issues that are of a more important and urgent nature. Keep it transparent and try not to get in ready, fire, Aim! mode. You do realize that business the Mayor said might be interested is probably going to want TIF too?

  5. Gary, I'm in complete agreement. The private entity should be required to pay IPL, and, if City parking meters are involved, the parking meter company. I was just pointing out how the poorly-structured parking meter deal affected the car share deal.

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