Dome demolition: Implode or no?

September 6, 2007
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RCA DomeIn the spirit of today's Colts festivities, there's an update this week on the new stadium and discussions about the old one. In a progress report, the Indiana Stadium and Convention Building Authority says officials are studying whether to implode the RCA Dome or take it down with a wrecking ball. They're leaning toward a wrecking ball because of the building's connection to the Indiana Convention Center. The demolition is slated to begin in April and likely will take about six months. The Authority also said Lucas Oil Stadium still is on schedule for its grand opening in August 2008. About 900 people are working on the project, and more than $311 million has been spent so far. Any Colts or stadium observations on this beautiful game day?
  • I was wondering if they might do a combination of both types of demolition. Maybe Implode the South and East side and wrecking ball the North and West sides. Maybe that wouldn't be practical though.

    GO COLTS! :)
  • Take a big push pin and pop the top.
  • Implode???? D'OH
  • I think mobyhead's onto something. Once they deflate the dome, there's really not much to her. As much as I'd like to see another downtown Indy arena drop to its knees in seconds, implosion would be an expensive form of entertainment. Wrecking balls will be fun to watch too!

    I can't wait to see the skyline open up once she's gone.
  • We should construct a Burning Man-like
    totem to plunge into the dome. That
    or allow people to drop stuff on it
    from a crane like some David Letterman
  • I say we fill the RCA Dome up with unpopped kernels of corn, crank up the heat and create the worlds largest JIFFY POP!!!!
  • They should explode it.
  • I think they should film a movie like Mars Attacks II and have a battle between the Martians and the Colts where Peyton's rocket arm will throw a football bomb into the unroofed RCA Dome (secret landing spot of the Martians) and chase them back to space. So yea, implode it! We love big explosions in good movies.
  • an implosion will put a curse on the site... like the curse on the MSA site.
  • Implosion would be cool and bring a lot of free publicity, but wrecking ball will make more sense.

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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.