Capital Improvement Board

Latest CIB budget contains no new payments to Pacers

August 13, 2012
J.K. Wall
Payments 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.
More

CIB mulling sale of historic downtown building

July 10, 2012
Scott Olson
The 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.
More

Playoff run pushes Pacers closer to profitabilityRestricted Content

May 26, 2012
Anthony Schoettle
The 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.
More

CIB loss from Super Bowl in line with projections

April 9, 2012
Scott Olson
Preliminary 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.
More

Super Bowl puts city on short list for auto dealers convention

February 14, 2012
Anthony Schoettle
After winning national praise as the host of Super Bowl XLVI, Indianapolis has a shot at four major conventions planned for next year and beyond.
More

CIB expects to lose money during Super Bowl

January 16, 2012
Scott Olson
The 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.
More

Labor deal not a panacea for PacersRestricted Content

December 3, 2011
Anthony Schoettle
Sports 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.
More

CIB contributes $500,000 toward tourism effort

October 11, 2011
Scott Olson
The gift will enable the Indianapolis Convention & Visitors Association to continue an annual marketing campaign aimed at attracting Midwestern visitors to the city.
More

UPDATE: CIB backs grant for Big Ten football championship

October 10, 2011
Anthony Schoettle
The $125,000 in funds from the city’s Capital Improvement Board will help the Indiana Sports Corp. put on the Big Ten Football Championship game in December and basketball tournament in March.
More

CIB approves refinancing Conseco, dome bondsRestricted Content

September 3, 2011
 IBJ Staff
The move is expected to save $8 million to $9 million over the life of the bonds.
More

City to seek more parking for Rolls-Royce's move

August 23, 2011
Francesca Jarosz
The Capital Improvement Board will be charged with helping Rolls-Royce Corp. find up to an additional 500 parking spaces to accommodate the company’s move to a downtown office campus formerly occupied by Eli Lilly and Co.
More

ICVA expects to fall short of 2011 room-night goal

June 14, 2011
Scott Olson
The convention association set out to book 725,000 hotel room nights this year for future meetings but so far is trending below the goal. An aggressive drive last year exhausted many of its prospects, new ICVA CEO Leonard Hoops said.
More

Better Wi-Fi sought for stadium, convention center

June 1, 2011
Scott Olson
The Capital Improvement Board of Marion County is accepting proposals to improve Wi-Fi service at both Lucas Oil Stadium and the Indiana Convention Center. The systems are expected to be operational in time for the Super Bowl in February.
More

CIB reports quarterly revenue increase

May 10, 2011
Scott Olson
The Capital Improvement Board saw revenue of $22.5 million in the first three months of the year, a jump of 28 percent compared with the same three months in 2010. More taxes generated by hotel stays and restaurant visits helped drive the increase.
More

CIB, Colts dispute stadium concession expenses

March 15, 2011
Scott Olson
The Indianapolis Colts and its stadium manager, the Capital Improvement Board of Marion County, are squabbling over who pays certain concession expenses. The dispute ultimately could reach arbitration, if an agreement is not reached.
More

CIB awards contracts for stadium, convention security

March 15, 2011
The Capital Improvement Board voted Monday to retain the services of three firms that currently provide security at Lucas Oil Stadium and the Indiana Convention Center, at an annual savings of $300,000.
More

Gun bill raises concerns for CIB properties

February 17, 2011
Scott Olson
Legislation that would allow Hoosiers with gun permits to carry their weapons into municipal properties could affect Lucas Oil Stadium and the Indiana Convention Center.
More

Parking meter replacement set to begin in March

February 15, 2011
Scott Olson
Affiliated Computer Services, which struck a deal late last year to manage the city's parking meters, will begin replacing meters in downtown Indianapolis and Broad Ripple early next month.
More

CIB set to approve parking lot paving bid

February 14, 2011
The Capital Improvement Board will consider a bid for up to $900,000 to pave a gravel parking lot on the former site of Market Square Arena once slated for redevelopment.
More

Stadium construction issues nearly resolved

January 12, 2011
Scott Olson
More than two years after it opened, some construction problems persist at Lucas Oil Stadium, particularly with outside lighting and with some of the plumbing. The work was performed by contractors that are now defunct.
More

Pacers, city negotiate $33M deal

December 24, 2010
Anthony Schoettle
The Indiana Pacers will stay put in Conseco Fieldhouse at least through 2012, thanks to a three-year deal approved July 16 by the city’s Capital Improvement Board.
More

CIB seeking bids for stadium, convention security

December 23, 2010
Request for proposals calls for providing 24-hour security at both Lucas Oil Stadium and the Indiana Convention Center, as well as providing armed guards for special events. The CIB plans to award contracts in mid-March.
More

CIB OKs $2.6M in carpet upgrades for convention center

December 14, 2010
Scott Olson
Capital Improvement Board plans to spend about $2.6 million to replace 370,000 square feet of carpeting in the older portion of the Indiana Convention Center to match the carpet in the new addition.
More

CIB finances faring better than expected

December 13, 2010
Scott Olson
The Capital Improvement Board, through the first nine months of the year, was running $12.3 million ahead of budget, by posting $6.5 million more revenue than planned while cutting $5.8 million in expenses.
More

City-County Council approves 2011 budget

October 25, 2010
 IBJ Staff
The CIB's $73.1 million budget, which included a $10 million payment to the Pacers for the operation of Conseco Fieldhouse, passed by a 15-14 vote.
More
Page  << 1 2 3 4 5 6 >> pager
Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. The east side does have potential...and I have always thought Washington Scare should become an outlet mall. Anyone remember how popular Eastgate was? Well, Indy has no outlet malls, we have to go to Edinburgh for the deep discounts and I don't understand why. Jim is right. We need a few good eastsiders interested in actually making some noise and trying to change the commerce, culture and stereotypes of the East side. Irvington is very progressive and making great strides, why can't the far east side ride on their coat tails to make some changes?

  2. Boston.com has an article from 2010 where they talk about how Interactions moved to Massachusetts in the year prior. http://www.boston.com/business/technology/innoeco/2010/07/interactions_banks_63_million.html The article includes a link back to that Inside Indiana Business press release I linked to earlier, snarkily noting, "Guess this 2006 plan to create 200-plus new jobs in Indiana didn't exactly work out."

  3. I live on the east side and I have read all your comments. a local paper just did an article on Washington square mall with just as many comments and concerns. I am not sure if they are still around, but there was an east side coalition with good intentions to do good things on the east side. And there is a facebook post that called my eastside indy with many old members of the eastside who voice concerns about the east side of the city. We need to come together and not just complain and moan, but come up with actual concrete solutions, because what Dal said is very very true- the eastside could be a goldmine in the right hands. But if anyone is going damn, and change things, it is us eastside residents

  4. Please go back re-read your economics text book and the fine print on the February 2014 CBO report. A minimum wage increase has never resulted in a net job loss...

  5. The GOP at the Statehouse is more interested in PR to keep their majority, than using it to get anything good actually done. The State continues its downward spiral.

ADVERTISEMENT