Indy fights for another Final Four

August 13, 2008
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NCAA officials today announced that Indianapolis is one of eight cities in the running to host the women’s basketball Final Four in 2012, 2013, 2014, 2015 and 2016.

Columbus, Ohio; Dallas; Denver; Nashville, Tenn.; New Orleans; San Antonio and Tampa Bay are the other finalists. If Indianapolis wins the bid, the event will be held in Lucas Oil Stadium.

Site visits to each city will be conducted this September and October. Following the site visits to each prospective city, the finalists will participate in a presentation session with the committee in mid-November. The 2012-16 Women’s Final Four sites will be announced in mid-November.

“It was an extremely hard decision for the committee to narrow the list of finalists to these eight cities and it will be an even more difficult decision to determine the five cities that will serve as future hosts for the Women’s Final Four,” said Judy Southard, chair of the Division I Women’s Basketball Committee and senior associate director of athletics at Louisiana State University.
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  • I'm pretty sure it's not IF Indy will get one of those Final Fours, but WHICH one it will get.

    Other cities stand in awe of Indy's deal with the NCAA. A regular host of the Final Four is one of the coolest things this city has been able to do in recent memory.

    The Super Bowl, a laundry list of Final Fours, a 30 year deal with the Colts, Conventions, Band Comps, and Amateur Sports Events at Lucas Oil Stadium make this decision a no-brainer. I understand those that say keep local gov't out of projects like this, but there is no question the widespread impact and benefit that is being made possible by this stadium project. Add in the billions of dollars in other projects around that corridor of downtown and it is safe to say this will transform downtown AGAIN.
  • CC, In your list of events you forgot GenCon. How could you? Seriously, I think this is the tip of the iceberg with what LOS will attract to this city.
  • FDIC is another one you missed. Hosting the nations firefighters is prestigous, a great money maker and great training for our firefighters.

    Waiting for us to pick up one of the national political conventions.

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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.

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