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House committee helps Indy Eleven stadium project

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The House Ways and Means Committee voted 18-2 Thursday afternoon in favor of a bill that would facilitate a new downtown soccer stadium for Indy Eleven.

The vote came without discussion, but Chairman Tim Brown amended it in a way that he said will give the Senate a chance to weigh in on the proposal. The amendment raises the debt limit for the Indianapolis Capital Improvement Board by $2 million, which is not enough to finance the $87 million stadium proposed by team owner Ersal Ozdemir.

Further amendments could be offered on the House floor, or when the two chambers huddle in conference committee at the end of the session.

Senate Bill 308 originally dealt only with financing a renovation to Fort Wayne’s Memorial Coliseum, but it was targeted for an amendment that would also allow the soccer team to build in Indianapolis’ professional sports development area, capturing local and state tax revenue for its financing.
 

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  • are you kidding me
    it doesn't a rocket scientist to figure out that market can not average 17500 per game. if chicago can only average 15500 why would you think we could do more. and the way that 10% tax is being paid the people if ind.
  • linky
    http://www.fieldofschemes.com/2014/02/21/6863/indiana-house-votes-to-help-fund-stadium-for-minor-league-soccer-team-that-hasnt-played-a-game-yet-because-indiana/
  • 2nd half of statute
    Sorry, it got cutoff... (2) With respect to an addition to the professional sports development area after December 31, 2008:(A) The state gross retail tax imposed under IC 6-2.5-2-1 or use tax imposed under IC 6-2.5-3-2. (B) An adjusted gross income tax imposed under IC 6-3-2-1 on an individual. (C) A county option income tax imposed under IC 6-3.5-6.
  • taxes, don't let statute get in the way of hyperbole
    see taxes of the Professional Sports Development Area that have to back the bonds to build the stadium. IC 36-7-31-6 "Covered taxes" defined Sec. 6. As used in this chapter, "covered taxes" means the following: (1) With respect to the professional sports development area as it existed on December 31, 2008: (A) The state gross retail tax imposed under IC 6-2.5-2-1 or use tax imposed under IC 6-2.5-3-2. (B) An adjusted gross income tax imposed under IC 6-3-2-1 on an individual. (C) A county option income tax imposed under IC 6-3.5-6. (D) A food and beverage tax imposed under IC 6-9. (2) With respect to an addition to the professional sports development area after December 31, 2008:
  • BTW
    BTW, none of your boring Hoosiers will have to pay a dime for this project, if you are not involved in the events at this new facility. So take your hilljack views and get lost! Turn your NASCAR race back on.
  • Clueless posters here
    Look at all the clueless narrow minded Hoosiers! No surprise in though. This stadium will pay for itself via a tax on tickets and concessions, etc... The Eleven have had amazing support already and this stadium will be multi-purpose to support a variety of concert and multi-sport functions.
    • Roads Not Soccer
      In the same email that linked to this story also linked to a story where the Indiana Senate whacked $400M out of roads funding, while all the surface streets and state roads are a minefield of potholes...bog ones too, and on I70 there are long runs of them, even where the pavement is only a few years old. Repave and repair every last one of those before even considering squandering money on ANOTHER stadium. We the taxpayers are still paying for a couple of those already. Government needs to stay out of private sector sports. If the prospects are as good as is being pitched, corporate sponsors should be beating down the door.
    • No Track Record
      Only in Indiana - Indianapolis has a record of several failed "professional" soccer teams that played just north of the old Bush Stadium on 16th Street. How can these legislators listen to any proposal asking for taxpayer money until the public supports this soccer team for a minimum of 5 years? Anyone who votes for this stadium funding should be voted out of office at the next opportunity. With this kind of influence, maybe we can ask this owner to get Sunday alcohol sales approved.
    • RIDICULOUS AND
      It was so easy to see this entire plan unfolding the minute it was announced that Ersal was affiliated with this team. Its very simple - Ersal gives politicians money, hires Brian Bosma to represent him on deals, hires Murray Clark to represent him on this deal, hires Paul Okeson and Jasmin Shaheed-Young as employees, so they give him projects. Just wait --- he will figure out a way to get around public bidding laws and Keystone will be doing the construction. The plan is unfolding right before our eyes, but there is nothing we can do about it! Politicians only listen to people that know how to play the game, and Ersal certainly knows how to play the game. Absolutely nauseating.
    • Honest to Goodness
      Maybe instead of Honest to Goodness our state motto should be Dumb da Dumb Dumb Dummmmmbbbbb.
    • OUR tax dollars
      Marshall, you are wrong. Our tax dollars WILL be used for this. There is no possible way the team will generate $51 million in ticket revenue as Ersal claims (The average MLS team only generates $30 million). Our tax dollars will be used to cover Ersal's lies.
    • we can READ
      So here's how this works. Assuming it all goes to plan, bonds are issued backed by these new taxes. However, given these are new taxes with no history, the CIB will have to (at a minimum) pledge the other PSDA funds to back the bonds as well (PSDA funds are being used to pay off the Fieldhouse and then Lucas). If the new tax revenues are not sufficient to pay the debt service on the soccer bonds, then the CIB will have to use PSDA revenues to cover the debt service. The PSDA revenues include food and beverage taxes, county option income tax, etc... meaning they are "your tax dollars". Link to state statute on the PSDA: http://www.in.gov/legislative/ic/code/title36/ar7/ch31.pdf
    • Correction to previous post
      In my previous post I mentioned how much money the city might contribute... that was incorrect. It would be state funds.
    • Horrible decision
      As a 24 year old recent college grad, I feel I am probably the target audience for this new team. However, the problem is virtually none of the people my age care at all about soccer. And we especially don't care about MINOR LEAGUE soccer. I realize I don't speak for everyone, but I am 100% confident that I speak for an overwhelming majority of us. People in Indy are not going to support this team. The team will lose money and fold within 10 years. That is a guarantee. The money, regardless of how much the city plans to contribute, is a complete waste. It doesn't matter what project they could choose to spend it on instead of a new soccer stadium, that other project would be more valuable..... This is very disappointing.
    • Really....
      .... before you people start spouting off about "your tax dollars" you really need to educate yourselves. I get sooooo tired of hearing people whine and complain when they DON'T EVEN HAVE A CLUE of what they are crying about. Please, please, please people..... READ and be sure you UNDERSTAND things before commenting. And if you don't want to enjoy the benefits of living in the "big city", by all means, feel free to kick rocks down the gravel road toward the small town of your choosing.
    • Mass Transit
      Mass transit supporters, I figured out a surefire way to get mass transit passed and built in Indy. Just hire Ersal Ozdemir to build it! You know our corrupt lawmakers can't say no to him. Heck, they would probably fund a subway system if he asked for it.
    • Voting Record
      Kathleen, do you have the names of which representatives voted Yes vs No handy? It doesn't seem to be available on their website yet.
    • Vote Them Out
      We really need to vote every one of these jerks out of office and start over. Ballard and Pence BARELY won their elections. Ballard only won because the Dems ran such a weak candidate. And CIB is running wild they have given over $30 million to the Simons in the past two years alone with more on the way. .It really needs to be abolished asap. Will somebody with skills please run for office?
    • UN-Be-Freaking-Leav-a ble
      I don't believe this. We can't get basic services (like snow plowing)but 87 mil for a soccer Stadium, sure. YOU PEOPLE MAKE ME SICK
    • stopthemadness
      Connections to Ballard's old bosses with defense contracts that created unnecessary wars?
    • YOU MUST BE KIDDING ME
      NO WONDER MANY PEOPLE ACROSS THE USA THINK HOOSIERS ARE A BUNCH OF HILLBILLY RUBES!! A State governing committee gives approval to a sports facility financing plan to a real estate developer with NO TRACK RECORD AS A SPORTS FRANCHISE OWNER who gives a ton of cash to elected officials??? The Wi$$ard of Oz is very slick, I will admit that, but his projections of tax revenue generated are pure fantasy. Let's see some details!! Indy can NEVER support an MLS team, and will struggle to support the Wi$$ard of Oz's tier-2 minor league outfit. I am a soccer and rugby fan who has been to professional matches on FOUR different continents since the 1970's and I know soccer very well. A minor-league soccer team in Indy might be successful (just like the Indians in AAA baseball), but let the Wi$$ard of Oz pay HIS OWN WAY on the facility, or at least cap the taxpayer's investment to something like the $9-10 invested in Victory Field. Or better yet, just cap the financing at a level equal to the profits generated by the Wi$$ard of Oz's new parking garage that Mayor Marine gave him!! GO MAN U
    • Learn from history
      http://www.bloomberg.com/news/2011-06-09/red-bulls-stadium-bonds-sap-new-jersey-town-as-condominium-visions-vanish.html
    • build a track record first
      Why the rush to build a new stadium before they've even their first ever home game? Let them show that the crowds and ticket sales are sustainable (not a "wait list") and then come for a handout for a new facility. But now, c'mon. And for those of you saying this will be multipurpose, what purpose besides soccer tournaments. If it is downtown, they won't be doing concerts because The Lawn at White River won't want the competition. So Legislators, please say "thanks but no thanks" to this proposal this time.
    • Who will be the first?
      Who will be the first brave soul in the media or legislature to question Ersal Ozdemir's bogus numbers??? http://www.ogdenonpolitics.com/2014/02/field-of-schemes-author-says-publicly.html

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