- Home
- NEWS
- REGIONAL
- THIS WEEK'S PAPER
- BLOGS
- Multimedia
- OPINION
- A&E
- LISTS
- PEOPLE
- EVENTS
- Classifieds
- Subscribe
Capital Improvement Board
CIB's deficit is a state problem, not a local one
April 20, 2009
Casting the CIB's deficit as an Indianapolis problem is simplistic and inaccurate because it overlooks the millions of dollars
in state tax revenue generated by those venues and an endless list of vendors that do business with them.
MoreGeneral Assembly is shame of Indiana
April 20, 2009
Morton MarcusWhen we read that all the Democrats in the House voted against all the Republicans in the House on a given issue, we know
independence has been cruelly killed by the leadership of each party. The same applies to the Senate.
MoreCompeting interests to collide in final days of session
April 20, 2009
Ed FeigenbaumThe two principal matters that all agree must be resolved are the biennial budget and a plan to return the Unemployment Insurance
Trust Fund to solvency.
MoreNo playoffs, but plenty of positives for Pacers
April 20, 2009
Bill BennerWithout question, the Pacers' road back to contending status remains decidedly uphill, but they have the talents of Danny
Granger and other strong players and have worked hard to gain community support.
MoreDaniels strangely quiet as fiscal issues fester
April 13, 2009
Ed FeigenbaumThe Indiana General Assembly session will end with a focus on what has dominated discussion since Organization Day back in
November: fiscal issues.
MoreCIB rescue plan counts on new hotel being big success
April 13, 2009
Peter SchnitzlerThe Marion County Capital Improvement Board's bailout depends on the success of Indianapolis' new downtown JW Marriott convention
hotel.
MoreDetroit reminds us not to squander what we have
April 13, 2009
Bill BennerMy prevailing thoughts upon returning from Detroit were how fortunate Indianapolis is when it comes to hosting these kinds
of events, and how a thriving downtown is essential to (A) success of the region and (B) national perception.
MoreCIB solution may be wrapped into state budget
April 6, 2009
Ed FeigenbaumThe Legislature has been behaving as expected lately: little public sound and fury, but action beginning to stir behind the
scenes.
MoreICVA seeks extra $15M to market new center
February 23, 2009
Anthony SchoettleThe Indianapolis Convention & Visitors Association says it needs more sales and marketing firepower to fill an expanded convention
center and adjacent hotels. That means asking the city's Capital Improvement Board—one of ICVA's primary sources of funds—for
a budget increase of up to 50 percent at the worst possible time.
MoreCIB can't count on mall funders
February 23, 2009
If the Capital Improvement Board comes, hat in hand, looking for help, we trust the investing companies will carefully weigh
the benefits they've derived from the city and its thriving downtown before delivering an answer.
MoreIndians concerned about possible ticket tax
February 16, 2009
Anthony SchoettleSome local officials wrestling with the Capital Improvement Board's $37 million deficit think part of the profit made by the
Indianapolis Indians could be used to narrow that deficit, but Indian officials balk at that idea because they say they've
already paid more than their share.
MoreCIB could ask for $34 million in write-offs from Circle Centre investors to ease deficit
February 16, 2009
Cory SchoutenA group of mostly local companies that made big investments to help launch Circle Centre mall soon could be asked to write
off a portion of profits they agreed to redirect into the construction of Conseco Fieldhouse.
MoreAre we victims of 'group think'?
February 16, 2009
John Guy"Group think," a powerful and controlling force, was present as the Capital Improvement Board built Lucas Oil Stadium and
Eli Lilly and Co. developed and marketed Zyprexa.
MoreDon't ask the Colts
February 16, 2009
The Colts are our "heroes," the bedrock of our community (at least for the few months per year that most of them spend here).
Why should these esteemed athletes help the city?
MoreIt's time for Colts, fans to pay up
February 16, 2009
I agree 100 percent that Colts' owner Jim Irsay should step up to the plate to help bail out the Capital Improvement Board
debt and that Colts' ticket holders should be taxed.
MorePacers: We've lost money 9 of last 10 years
February 9, 2009
Anthony SchoettleSwamped by financial losses that go back to the time Herb and Mel Simon bought the Indiana Pacers in 1983, team officials
are now looking for a new game plan—one that may involve financial assistance from taxpayers and visitors.
MoreCredit crunch creates bond crisis for CIB
February 9, 2009
Peter SchnitzlerThe Capital Improvement Board's $43 million in debts must be settled soon, or the entity may not be able to survive.
MoreCIB failure isn't an option
February 9, 2009
Creativity and transparency are required to fix the Capital Improvement Board's financial woes.
MoreCIB's influence has grown with city's sports scene
February 9, 2009
Peter SchnitzlerState lawmakers formed the Capital Improvement Board in 1965 to oversee construction of the city's convention center.
MoreAn open letter to Indianapolis Colts owner Jim Irsay
February 9, 2009
Bill BennerJim, you could engender so much good will if you would step forward and provide some short-term relief by paying more toward
the operating costs of Lucas Oil Stadium.
More$720 million stadium will open with big operating deficit
August 11, 2008
Jennifer WhitsonCleaning crews are wiping construction dust from the 63,000 seats in Lucas Oil Stadium, prepping for the public's first peek at the $720 million venue Aug. 16. But the hard work is only beginning for the city's Capital Improvement Board, the entity charged with operating the stadium. The fumbling point: CIB is anticipating a $20 million operating deficit for Lucas Oil Stadium in 2009.
Fred Glass brings city's 'to do' list to life
April 16, 2007
Anthony SchoettleFred Glass, president of the city's Capital Improvement Board, headed historic transitions in both the mayor's and governor's
offices and has become the go-to guy for some of the city's biggest initiatives, most of them sports-related.
More
Sponsored by
ADVERTISEMENT
on Facebook & Twitter
on Facebook & Twitter
 Follow IBJ's Tweets on these topics: |
||
| @IBJNews | @Propertylines | @IBJTheScore |
| @IBJArts | @IBJHealthcare | @IBJDining |
| @IBJLists | @IBJSmallbiz | |
ADVERTISEMENT
Back to TopCopyright © All Rights Reserved. Privacy Policy | Terms of Use.
Design, CMS, Hosting & Web Development :: ePublishing.
Additional Hosting & Delivery by
"And the success of the Indiana GOP to not allow an expansion of Medicaid had nothing to do with Indiana hospitals' financial woes? Fixed that for you; editorial bias rebalanced. Seriously, there are so many things wrong with Obamacare that the only way one can view it as a success is to assume that it was designed to fail our way into a government single payor healthcare system. The system is complex, creates huge regulatory burdens and overhead and yet still does not have adequate means to control escalating health care costs. But then when you elect a 10th grade math drop out with no quantitative reasoning skills to be President of one of the world's most important economies in troubled times, you can't really be surprised by blatant stupidity.
No NIMBYs here to chase off a decent development. We don't need tons of parking and we'd happily play the role of host to a downtown Whole Foods.
Whatever you do, don't change a single thing about Broad Ripple. I want it to look just like it did in the late '70s, with 30% of the north side of Broad Ripple Avenue burned out and plenty of places to park. That's right Broad Ripple, NEVER CHANGE. Let the world pass you by, don't improve your empty, abandoned lots full of weeds. Someday someone will want to film a zombie movie here.
Hollywood could step in and make a movie about the history about this forlorn series. It could be a full celebrity cast of characters. WOW. http://www.advanceindiana.blogspot.com/2013/02/indiana-taxpayers-forced-to-pay-for.html
This shouldn't come as a shock to many. Austin is a great city, and Indy needs to take some notes. Austin invests in decent transit options, has a highly educated workforce, embraces a creative class, and --despite being the state capital-- is not micromanaged by rural and suburban legislators. Want Indy to grow? Invest in the city (i.e. spend money). Raise taxes a bit, and use the money to improve education. And keep the state legislature out of Indy the other 9 months of the year.