Sports Business

IndyCar's TV ratings gaining momentumRestricted Content

May 24, 2014
Anthony Schoettle
TV ratings for the IndyCar Series zoomed 44 percent this year for the races leading up to the Indianapolis 500, compared to the same period a year ago, buoyed in part by a strong showing for the new Grand Prix of Indianapolis. But overall viewership remains anemic—less than one-fourth the audience for most NASCAR races.
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After Super Bowl setback, Indianapolis races to lure other events

May 24, 2014
Anthony Schoettle
A stinging defeat for Indy’s quest to land the 2018 Super Bowl leaves a giant opening in the city’s convention schedule and brings new urgency to recruiting future sports events.
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MORTON: Indy's road to Oz will end soon for sports team owners

April 26, 2014
David B. Morton
The seemingly endless yellow brick road to Oz, or what residents of central Indiana have come to accept as privately owned professional sports franchises seeking financial sustenance to build and upgrade, is nearing a tipping point of practical expenditures.
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LOPRESTI: Win or lose, Rady’s kids cut down the nets

February 22, 2014
For 50 years, Pat Rady has been coaching basketball in Indiana. Love of the game doesn't get much greater.
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House committee helps Indy Eleven stadium project

February 20, 2014
Kathleen McLaughlin
The Ways and Means Committee voted 18-2 Thursday afternoon in favor of a bill that would facilitate a new downtown soccer venue.
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ROSENTRAUB: Indiana State Fairgrounds destination hurts downtown IndianapolisRestricted Content

February 8, 2014
Mark Rosentraub / Special to IBJ
The recovery accelerated a disappointing pattern. Regional economic growth and activity are increasingly moving to the suburbs.
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At Perfect North, there's no business like snow business

February 1, 2014
Lou Harry

“The first year, we had about 700 visitors,” said Chip Perfect. “That’s a typical Saturday for us now.”

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Butler University's Danko seeks lasting gains from hoops glory

November 30, 2013
Sam Stall
The new president is seeking to build lasting gains from the school’s 15 minutes of hoops glory.
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BENNER: Love thy enemy? We’ll find out when Peyton returns to Indy

October 12, 2013
The return of No. 18 is almost upon us. Everyone has been looking ahead to Peyton Manning versus the Colts since the schedule was announced in the spring.
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Dream teams for tourism industry

September 28, 2013
Anthony Schoettle
Youth sports events reap millions for Indianapolis and its neighbors.
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BENNER: Regrettably, not all iconic sports venues can be savedRestricted Content

September 28, 2013
Bill Benner
Venues mean something. More than bricks and steel and concrete, if done right, they ooze character and provide a sense of special place.
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Fastenal sponsorship deal draws NASCAR contractsRestricted Content

August 17, 2013
Anthony Schoettle
Vending machines aren’t the only reason the Fastenal brand is resonating.
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DEGARIS: Ballard’s cricket plan makes good business senseRestricted Content

July 27, 2013
Larry DeGaris / Special to IBJ
The mayor’s $6 million plan to renovate an east-side park to accommodate cricket, rugby, hurling and lacrosse has generated a lot of controversy, with the idea of cricket in Indianapolis receiving particularly close scrutiny.
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Westfield's sports plan is grand

July 13, 2013
Jeff Newman
When it opens next spring, the aptly named Grand Park Sports Campus will be the largest youth sports complex of its kind in the country.
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Stadium Lofts apartment project nears opening dayRestricted Content

May 4, 2013
Scott Olson
The unusual nature of the redevelopment and its location are driving strong leasing activity.
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BENNER: IndyCar must kiss the past goodbye, embrace bold ideasRestricted Content

May 4, 2013
Bill Benner
Robin Miller pronounced the idea of a season-ending race on the Speedway’s road course as the dumbest of all the dumb things that have happened over the years. I respectfully disagree.
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New lights only the beginning for Brickyard changesRestricted Content

April 27, 2013
Anthony Schoettle
Everything is on the table for consideration, says new Hulman & Co. CEO Mark Miles.
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Speedway's Speed Zone redevelopment project in high gearRestricted Content

April 27, 2013
Anthony Schoettle
Some goals have been realized, while others are moving through the pipeline.
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BENNER: Musings from the road to (and from) The Final FourRestricted Content

April 13, 2013
Rutgers coach Mike Rice scored almost as much attention as the champion quartet of teams.
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BENNER: NCAA regional brought coaching royalty to IndianapolisRestricted Content

April 6, 2013
Bill Benner
Rick Pitino, Tom Izzo and Mike Krzyzewski would be the making of a pretty good three-fourths of a coaching Mount Rushmore.
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BENNER: Criticism heaped on NCAA takes toll on rank-and-fileRestricted Content

March 23, 2013
Bill Benner
The list of lightning-rod issues is long and, unfortunately, growing.
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BENNER: Can Crean handle winning as well as he handled losing?Restricted Content

March 16, 2013
Bill Benner
He has made Indiana basketball nationally relevant again. Yet with that relevance comes responsibility.
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BENNER: Bird’s faith in Lance Stephenson now looks well-placedRestricted Content

March 2, 2013
Bill Benner
I guarantee he’s closely watching the team he assembled and has a trained eye on the 22-year-old.
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BENNER: College hoops would benefit from less hacking and floppingRestricted Content

February 23, 2013
Bill Benner
I'm worried about where the game seems to be heading. Where's the rhythm and flow?
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BENNER: Pack rat and sports fan is a most dangerous combinationRestricted Content

February 9, 2013
Bill Benner
This is about possession obsession. Mine.
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  1. Apologies for the wall of text. I promise I had this nicely formatted in paragraphs in Notepad before pasting here.

  2. I believe that is incorrect Sir, the people's tax-dollars are NOT paying for the companies investment. Without the tax-break the company would be paying an ADDITIONAL $11.1 million in taxes ON TOP of their $22.5 Million investment (Building + IT), for a total of $33.6M or a 50% tax rate. Also, the article does not specify what the total taxes were BEFORE the break. Usually such a corporate tax-break is a 'discount' not a 100% wavier of tax obligations. For sake of example lets say the original taxes added up to $30M over 10 years. $12.5M, New Building $10.0M, IT infrastructure $30.0M, Total Taxes (Example Number) == $52.5M ININ's Cost - $1.8M /10 years, Tax Break (Building) - $0.75M /10 years, Tax Break (IT Infrastructure) - $8.6M /2 years, Tax Breaks (against Hiring Commitment: 430 new jobs /2 years) == 11.5M Possible tax breaks. ININ TOTAL COST: $41M Even if you assume a 100% break, change the '30.0M' to '11.5M' and you can see the Company will be paying a minimum of $22.5, out-of-pocket for their capital-investment - NOT the tax-payers. Also note, much of this money is being spent locally in Indiana and it is creating 430 jobs in your city. I admit I'm a little unclear which tax-breaks are allocated to exactly which expenses. Clearly this is all oversimplified but I think we have both made our points! :) Sorry for the long post.

  3. Clearly, there is a lack of a basic understanding of economics. It is not up to the company to decide what to pay its workers. If companies were able to decide how much to pay their workers then why wouldn't they pay everyone minimum wage? Why choose to pay $10 or $14 when they could pay $7? The answer is that companies DO NOT decide how much to pay workers. It is the market that dictates what a worker is worth and how much they should get paid. If Lowe's chooses to pay a call center worker $7 an hour it will not be able to hire anyone for the job, because all those people will work for someone else paying the market rate of $10-$14 an hour. This forces Lowes to pay its workers that much. Not because it wants to pay them that much out of the goodness of their heart, but because it has to pay them that much in order to stay competitive and attract good workers.

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  5. It is sad to see these races not have a full attendance. The Indy Car races are so much more exciting than Nascar. It seems to me the commenters here are still a little upset with Tony George from a move he made 20 years ago. It was his decision to make, not yours. He lost his position over it. But I believe the problem in all pro sports is the escalating price of admission. In todays economy, people have to pay much more for food and gas. The average fan cannot attend many events anymore. It's gotten priced out of most peoples budgets.

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