Indianapolis Indians

Indians adding dining option to Victory Field

February 5, 2011
Cory Schouten
The Indianapolis Indians have torn out about 400 seats in Victory Field's left flank to make way for Captain Morgan Cove—an open-air restaurant and bar that will feature a menu separate from other stadium offerings and table service for up to 120 fans.
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Indianapolis Indians profitable for 35th straight year

January 1, 2011
Anthony Schoettle
The minor-league professional baseball team continues to pull in fans and sponsors as Hoosiers seek affordable family entertainment.
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Financial records show Pirates win while losing

August 22, 2010
Associated Press
The Pirates, the Major League parent club of the Indianapolis Indians, made nearly $29.4 million in 2007 and 2008, according to team financial documents, years that were part of a streak of futility that has now reached 18 straight losing seasons.
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Indianapolis Indians scoring sponsorship, attendance increases

July 24, 2010
Anthony Schoettle
Minor-league baseball team could be in line to register another $1 million profit thanks to improvements in sponsorship sales and attendance.
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Six bidders in line for Indianapolis Indians stock

June 2, 2010
Scott Olson
State awards unclaimed shares of the minor league baseball team to bidders who offered as much as $27,505 for each share.
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Bidders for baseball stock awaiting auction results

June 2, 2010
 IBJ Staff and Associated Press
Die-hard Indianapolis Indians fans who bid on shares of the minor-league baseball team's stock will soon know if they own a piece of the club.
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State auctioning 'lost' Indianapolis Indians stock

May 13, 2010
Scott Olson
The bidding for eight shares with unclaimed ownership will begin at $25,000 each. Shares in the team rarely come up for sale.
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Indianapolis Indians renew radio deal

April 3, 2010
 IBJ Staff
The Indianapolis Indians recently signed a deal with WXLW-950 AM to continue their radio partnership for the 2010 season as all Tribe regular-season and postseason games will again be broadcast live on the local station.
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Indians ready to score with Comcast, Brighthouse TV dealRestricted Content

March 6, 2010
Anthony Schoettle
A full season of televised games will give franchise a platform to promote attendance at Victory Field.
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Indianapolis Indians use promotion to make Monday games profitable

February 27, 2010
 IBJ Staff
Concession-stand items for $1 started drawing crowds a few years ago to what had been a slow night at Victory Field.
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Indianapolis Indians take big revenue hit, but team still profitable

December 5, 2009
Anthony Schoettle
Team profits declined from $1.23 million in 2008 to $459,603 this year. Despite that, the team’s board voted unanimously to pay a dividend.
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Baseball meetings let leaders tout Indianapolis to influential audience

December 5, 2009
Anthony Schoettle
Indianapolis was up against Dallas, Las Vegas, Orlando, Atlanta and New Orleans to host baseball's Winter Meetings, which will draw more than 200 media members from the nation’s top 30 markets.
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Sales of luxury suites slow at most Indianapolis sports venues

October 17, 2009
Anthony Schoettle
Ten years ago, the Indiana Pacers sold out their 69 Conseco Fieldhouse suites and the Indianapolis Motor Speedway barely touched a phone to sell its 120 luxury boxes. But entertaining at luxury suites is out of vogue now, thanks to the recession and companies keeping a closer eye on spending.
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Indians report 2009 attendance figures

September 19, 2009
 IBJ Staff
The Tribe attracted 549,552 fans (8,202 per game) to Victory Field this season—its third-best average since 2001.
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Schumacher leads Indians to 33 straight years of profitsRestricted Content

August 17, 2009
Anthony Schoettle
Max Schumacher, now in his 52nd year with the Indians, runs a tight ship. His attention to detail and strategic thinking have served the city's minor league baseball team well.
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Schumacher prepares for eventual Indians exitRestricted Content

August 17, 2009
Anthony Schoettle
Max Schumacher is healthy, feels good and wants to continue working for the Indianapolis Indians full time. But with his 77th birthday approaching in October, Schumacher, chairman and president of the team, needs a succession plan.
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CIB OKs budget, but awaits council vote

August 10, 2009
Scott Olson
Members of the Indianapolis Capital Improvement Board this afternoon passed a $63 million budget for 2010 that hinges on the City-County Council’s approval of a hike in the local hotel tax.
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Indians buck recession, score more sponsor dollarsRestricted Content

March 30, 2009
Anthony Schoettle
Despite the bad economy, the Indianapolis Indians' franchise could make a record amount of money in 2009.
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Indians concerned about possible ticket taxRestricted Content

February 16, 2009
Anthony Schoettle
Some 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.
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Indians stock price takes hitRestricted Content

February 2, 2009
Despite year-over-year revenue gains and robust earnings, the economic downturn has finally caught up with the Indianapolis Indians.
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Indians score $1.23 million profitRestricted Content

December 22, 2008
The Indianapolis Indians made $1.23 million this year on $8.7 million in revenue, according to the publicly traded company's most recent financial disclosure.
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Big season for Indians' stockholdersRestricted Content

November 26, 2007
Anthony Schoettle
The Indianapolis Indians are rewarding stockholders in the franchise following a season in which revenue and profit grew, thanks to significant increases in ticket, concession and merchandise sales. The higher profit fueled a 75-percent dividend increase this year and an increase of more than $6,500 in the franchise's standing offer to repurchase shares.
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City paves way to redevelop Bush Stadium siteRestricted Content

September 17, 2007
Peter Schnitzler
Indianapolis has initiated the redevelopment process for Bush Stadium, its shuttered sports landmark. The Metropolitan Development Commission has hired a pair of local firms for $25,000 to appraise historic Bush Stadium--a first step toward reuse or, more likely, at least partial demolition.
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  1. Aaron is my fav!

  2. Let's see... $25M construction cost, they get $7.5M back from federal taxpayers, they're exempt from business property tax and use tax so that's about $2.5M PER YEAR they don't have to pay, permitting fees are cut in half for such projects, IPL will give them $4K under an incentive program, and under IPL's VFIT they'll be selling the power to IPL at 20 cents / kwh, nearly triple what a gas plant gets, about $6M / year for the 150-acre combined farms, and all of which is passed on to IPL customers. No jobs will be created either other than an handful of installers for a few weeks. Now here's the fun part...the panels (from CHINA) only cost about $5M on Alibaba, so where's the rest of the $25M going? Are they marking up the price to drive up the federal rebate? Indy Airport Solar Partners II LLC is owned by local firms Johnson-Melloh Solutions and Telemon Corp. They'll gross $6M / year in triple-rate power revenue, get another $12M next year from taxpayers for this new farm, on top of the $12M they got from taxpayers this year for the first farm, and have only laid out about $10-12M in materials plus installation labor for both farms combined, and $500K / year in annual land lease for both farms (est.). Over 15 years, that's over $70M net profit on a $12M investment, all from our wallets. What a boondoggle. It's time to wise up and give Thorium Energy your serious consideration. See http://energyfromthorium.com to learn more.

  3. Markus, I don't think a $2 Billion dollar surplus qualifies as saying we are out of money. Privatization does work. The government should only do what private industry can't or won't. What is proven is that any time the government tries to do something it costs more, comes in late and usually is lower quality.

  4. Some of the licenses that were added during Daniels' administration, such as requiring waiter/waitresses to be licensed to serve alcohol, are simply a way to generate revenue. At $35/server every 3 years, the state is generating millions of dollars on the backs of people who really need/want to work.

  5. I always giggle when I read comments from people complaining that a market is "too saturated" with one thing or another. What does that even mean? If someone is able to open and sustain a new business, whether you think there is room enough for them or not, more power to them. Personally, I love visiting as many of the new local breweries as possible. You do realize that most of these establishments include a dining component and therefore are pretty similar to restaurants, right? When was the last time I heard someone say "You know, I think we have too many locally owned restaurants"? Um, never...

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