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Capital Improvement Board
UPDATE: CIB backs grant for Big Ten football championship
October 10, 2011
Anthony SchoettleThe $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.
MoreCIB approves refinancing Conseco, dome bonds
September 3, 2011
IBJ StaffThe move is expected to save $8 million to $9 million over the life of the bonds.
MoreCity to seek more parking for Rolls-Royce's move
August 23, 2011
Francesca JaroszThe 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.
MoreICVA expects to fall short of 2011 room-night goal
June 14, 2011
Scott OlsonThe 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.
MoreBetter Wi-Fi sought for stadium, convention center
June 1, 2011
Scott OlsonThe 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.
MoreCIB reports quarterly revenue increase
May 10, 2011
Scott OlsonThe 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.
MoreCIB, Colts dispute stadium concession expenses
March 15, 2011
Scott OlsonThe 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.
MoreCIB 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.
MoreGun bill raises concerns for CIB properties
February 17, 2011
Scott OlsonLegislation that would allow Hoosiers with gun permits to carry their weapons into municipal properties could affect Lucas
Oil Stadium and the Indiana Convention Center.
MoreParking meter replacement set to begin in March
February 15, 2011
Scott OlsonAffiliated 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.
MoreCIB 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.
MoreStadium construction issues nearly resolved
January 12, 2011
Scott OlsonMore 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.
MorePacers, city negotiate $33M deal
December 24, 2010
Anthony SchoettleThe 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.
MoreCIB 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.
MoreCIB OKs $2.6M in carpet upgrades for convention center
December 14, 2010
Scott OlsonCapital 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.
MoreCIB finances faring better than expected
December 13, 2010
Scott OlsonThe 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.
MoreCity-County Council approves 2011 budget
October 25, 2010
IBJ StaffThe 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.
MoreSome council members still unsure about CIB budget
October 25, 2010
Francesca JaroszThe Capital Improvement Board’s controversial spending plan will face its final trial Monday night as the City-County
Council takes up the city’s $1.1 billion budget for next year.
MoreCIB budget could face rough ride in council
October 11, 2010
Francesca JaroszSome City-County Council members are skeptical of the Capital Improvement Board's spending plan for 2011 that includes $10
million for the privately operated Indiana Pacers.
MoreConseco Fieldhouse to get new video signage
September 14, 2010
Scott OlsonThe new "video ribbon," which could cost up to $1.6 million, will be paid for with funds from the Capital Improvement Board.
It will be installed around the entire upper fascia of the arena between the second and third levels.
MoreCIB approves 2011 budget
August 30, 2010
Scott OlsonIncluding debt obligations, the CIB's total budget for 2011 is expected to be $104.4 million. The City-County Council is set
to receive the budget at its Sept. 20 meeting and could approve it Oct. 25.
MoreCIB's 2011 budget slated to grow by $10 million
August 27, 2010
Scott OlsonCapital Improvement Board president says initial $10 million payment to the Indiana Pacers is not only reason for the larger
budget. Rather, she insisted it's largely due to $5 million in renovations slated for Conseco Fieldhouse and other CIB-operated
facilities.
MoreCIB approves $33.5 million deal to keep Indiana Pacers
July 16, 2010
Mason KingThe three-year agreement is designed to help the franchise shoulder the costs of operating Conseco Fieldhouse. One dissenting
voice called the team and city back to the negotiating table for a longer-term deal.
MoreCIB saves $1M after state agrees to lower loan rate
July 16, 2010
Anthony SchoettleState officials decided to reduce the interest rate on a $9 million loan to the city's Capital Improvement Board by 1
percentage point. The news couldn't come at a better time for the agency, which is trying to find money to assist the
Indiana Pacers.
MoreUPDATE: CIB wringing money from general operating fund to pay Pacers
July 12, 2010
Anthony SchoettleA combination of taxes targeting downtown visitors and users of the city's professional sports complexes are expected to generate
the bulk of the subsidy.
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It's also across the street from Fogo de Chao and Morton's....
Yep, the haters are trying to make good news bad. I guess it is hard to get people to believe the series is dying when they are gaining new sponsors.
David Copperfield! I remember watching his specials on TV when I was little.
Don't forget this is next to an MMA gym, a pawn shop, and some abandoned spaces.
Good project for Zionsville - A group who has owned the property for many years has waited and worked patiently to bring highest and best use development to a major corridor, and mix that in with the great downtown you have. Win Win. All the Best to Pittman Partners and Zionsville.