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Members of City-County Council form task force to study CIB financial problems

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A new task force formed this month is charged with recommending solutions to the financial problems of the Indianapolis Capital Improvement Board and its related convention and tourism issues.

CIB, which manages the city’s professional sports stadiums and the Indiana Convention Center, has struggled much of the past year to close a projected $47 million deficit for 2010. Last month, Mayor Greg Ballard released a public request for information seeking business proposals to potentially privatize some of CIB’s functions.

A new committee seeks CIB solutions. (IBJ file photo)

Led by City-County Councilor Michael McQuillen, a Republican, the new task force will collect data and then issue a report on CIB’s challenges. Once the report is finished, the task force will visit stakeholders throughout central Indiana to solicit their input and ideas. Finally, the committee will recommend CIB solutions and lobby on their behalf.

The committee includes three other City-County councilors: Republican Ryan Vaughn and Democrats Joanne Sanders and Jackie Nytes. Ballard’s chief of staff, Paul Okeson, is also a member.

“We must solve this problem for our city,” McQuillen said. “Downtown Indianapolis is the economic engine of our state. We must look at every possible solution to keep that engine running.”

 

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