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Capital Improvement Board
Pence signs measure overhauling Marion County government
May 11, 2013
IBJ StaffIndiana Gov. Mike Pence on Saturday signed a bill into law that reshapes Marion County government through the elimination
of four at-large City-County Council seats and other changes.
MoreColts confident they can sell new luxury suites
April 16, 2013
Anthony SchoettleColts officials say local demand remains high for suites, even as other NFL teams struggle, and that season-ticket renewals
are at 95 percent. The city will foot the $2 million bill for two new suites at Lucas Oil Stadium.
MoreCIB cuts price on Ober Building after inspections
February 11, 2013
Cory SchoutenThe Capital Improvement Board of Marion County has agreed to slash its sale price on downtown's Ober Building by $700,000
after inspections showed problems including a leaky roof and damaged HVAC system.
MoreMahern wants council members to disclose free game tix
January 25, 2013
Kathleen McLaughlinThe Indianapolis City-County Council is poised to approve a huge increase in ticket taxes on professional sports, and one
council member wants to make sure those voting on the hike disclose the freebies they get for Pacers and Colts games.
MoreBallard may wrest management of fieldhouse from Pacers
December 22, 2012
Kathleen McLaughlinIndianapolis recently agreed to pay $10 million to help Pacers Sports & Entertainment run Bankers Life Fieldhouse for
another year, but Mayor Greg Ballard wants to find out in the meantime whether the city can get a better deal on the venue’s
management.
MoreCIB to consider 1-year extension with Pacers, source says
December 10, 2012
Kathleen McLaughlinThe Capital Improvement Board of Marion County is expected to seek a one-year extension of its current lease deal with Pacers
Sports & Entertainment, according to a former board member and current Indianapolis city-county councilor.
MoreNew NBA revenue split gives Pacers cash infusion
November 24, 2012
Anthony SchoettleThe NBA’s new collective bargaining agreement will dramatically boost the amount of money the Indiana Pacers get from
the league, but it won’t be enough to put the team in the black.
MoreCIB to fight council's attempt to take $15 million
November 1, 2012
Kathleen McLaughlin, Scott OlsonThe Capital Improvement Board's directors voted Thursday afternoon on three actions that will circumvent the $15 million payment-in-lieu-of-taxes,
or PILOT, which the Indianapolis City-County Council included in the CIB's budget.
MoreEDITORIAL: Council's $15M CIB raid is shortsighted
October 20, 2012
IBJ StaffDemocrats on the Indianapolis City-County Council who voted to plug a hole in the city budget by charging the Capital Improvement
Board $15 million risk creating more problems than they solved.
MoreCity-County Council passes controversial budget
October 15, 2012
Kathleen McLaughlinThe Indianapolis City-County Council approved a budget Monday night that relies on a $15 million payment from a tax-exempt
entity, likely setting the stage for a legal battle, plus difficult negotiations with Mayor Greg Ballard.
MoreState Senate leader warns city about raiding CIB funds
October 11, 2012
Scott OlsonCouncil Democrats want to take funds from the Capital Improvement Board's $67 million cash reserve to help shore up the city's
budget. But State Sen. Luke Kenley lobbed a threat that might make them think twice about pursuing the proposal.
MoreCIB standing firm against city plan to tap reserves
October 9, 2012
Scott OlsonThe Capital Improvement Board on Monday adopted a formal resolution opposing a plan by some City-County Council Democrats
to tap CIB coffers to plug the city's budget gap.
MoreMDC approves CIB's sale of building to Steak n Shake
September 5, 2012
IBJ StaffThe Metropolitan Development Commission on Wednesday approved a resolution allowing the Capital Improvement Board of Marion
County to sell the Ober Building in downtown Indianapolis to the Steak n Shake restaurant chain.
MoreSteak n Shake paying $3.8M for Ober Building
September 4, 2012
Cory SchoutenAn affiliate of the Steak n Shake restaurant chain has agreed to pay $3.8 million to acquire downtown's Ober Building
from the Capital Improvement Board of Marion County. The restaurant chain likely will move its headquarters to the 1910 building.
MorePlayoffs?! CIB predicts Colts won't host postseason game
August 14, 2012
J.K. WallThe city entity that owns Lucas Oil Stadium, where the Colts play their home games, budgeted $1 million less in admission-tax
revenue for 2013 for one reason: The board does not expect the Colts to host any playoff games.
MoreCIB plans $5M repair to Capitol Commons plaza
August 14, 2012
J.K. WallThe project is part of a $63.9 million operating budget board members approved for 2013, which is lower than the current year's
budget because it doesn't include Super Bowl costs or special payments to the Indiana Pacers.
MoreICVA eyes funds from sale by CIB of downtown's Ober building
August 14, 2012
J.K. WallThe Capital Improvement Board wants to plug a $2 million funding hole that will open up next year for the Indianapolis Convention
& Visitors Association with the expiration of a $5.9 million grant from the owner of the JW Marriott hotel downtown.
MoreLatest CIB budget contains no new payments to Pacers
August 13, 2012
J.K. WallPayments on a three-year, $30 million subsidy ended this year, but discussions continue between CIB officials and Pacers officials
on future leases involving Bankers Life Fieldhouse.
MoreCIB mulling sale of historic downtown building
July 10, 2012
Scott OlsonThe Capital Improvement Board has owned the Ober building, at 107 S. Pennsylvania St. near Bankers Life Fieldhouse, since
1999. Members on Monday voted to begin soliciting bids.
MorePlayoff run pushes Pacers closer to profitability
May 26, 2012
Anthony SchoettleThe Indiana Pacers’ playoff run and a decreased player payroll—along with $10 million from the city’s Capital
Improvement Board—have brought the team closer to breaking even this year, but not out of the red, sports business experts
say.
MoreCIB loss from Super Bowl in line with projections
April 9, 2012
Scott OlsonPreliminary financials show the board that manages the city's sports and convention facilities so far has lost nearly $350,000
due to the Super Bowl. That figure is expected to grow to $800,000.
MoreSuper Bowl puts city on short list for auto dealers convention
February 14, 2012
Anthony SchoettleAfter winning national praise as the host of Super Bowl XLVI, Indianapolis has a shot at four major conventions planned for
next year and beyond.
MoreCIB expects to lose money during Super Bowl
January 16, 2012
Scott OlsonThe Capital Improvement Board, which manages Lucas Oil Stadium, is budgeting for an $810,000 loss on expenses related to the
game. The city, however, expects a $200 million economic impact.
MoreLabor deal not a panacea for Pacers
December 3, 2011
Anthony SchoettleSports business experts with knowledge of the new collective bargaining agreement expected to be ratified by NBA owners and
players this week think it will push the Indiana Pacers toward breaking even but won’t ensure the team’s long-term
profitability.
MoreCIB contributes $500,000 toward tourism effort
October 11, 2011
Scott OlsonThe gift will enable the Indianapolis Convention & Visitors Association to continue an annual marketing campaign aimed
at attracting Midwestern visitors to the city.
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In my opinion the estridge companies are crooks. They filed bankruptcy on their 'track housing' side of the business two weeks before they closed on one of my clients' homes. When my client first interviewed Estridge as a builder 6 months before, they specifically ASKED about the solvency of their business, knowing that some builders were struggling. Estridge truly misrepresented their financial situation at that time. I suppose I am more unhappy with the whole system than I am with the builder because what the heck==you can file bankruptcy on 'track homes' but still keep building and make money off of 'custom built' homes??? How ridiculous! They are all homes. How can a company be allowed to bilk thousands of dollars from their subcontractors but still be allowed to build houses?? they should have been made to pay back all their unpaid contractors before being allowed to profit from building any more houses! This alone makes them and the system crooks in my eyes. I would never build an estridge home and I would not recommend for my clients either. If they were truly 'bankrupt' how could they afford to keep building homes anyway??? The whole system needs fixed.
I live a couple blocks east of the Angie's campus and my house is assessed for ~$160,000. If I could get that amount, let alone $384,000 (a 140% bonus), I'd sell in a minute. Either Angie's stockholders just got fleeced, or Angie's is getting about a 58% discount on their property taxes, if these properties are actually worth what they paid Mr. Oesterle for them. Which do you think is the case?
Perhaps the IMA board is really to blame! They agreed to hire Charles. They can't seemingly find donors among themselves, or bring in new blood that will support the museums operating budget with an expanded museum and money to provide curators with something to do (ie buy art). The headlines of disarray at the museum and mass firings are hurting the reputation of the museum for some time to come. If people on the board had misgivings, perhaps they shpuld have more forcefully opposed efforts that they have seemingly been unable to fund, like expansion and the costs it has created!
See, I told u Indyman and Dipsicle....this 8 days is overkill. It's barely worth a weekend....great job Tony George! Your dream has been fulfilled....he fans want the I r l back. Thats how good it was.....and that sucked.
I have been in training for a short time now but right off I can see that safety and quality are the number one issues, my experience as of late has been a positive one, the employees along with Jeff the plant manager and the operation supervisor as well as the engineers are a highly motivated group of people, what an asset for the area to have and for company's in need of a quality metal products.