Sports Venues

IUPUI to move men's hoops to fairgrounds Coliseum

May 9, 2013
 IBJ Staff
School and fairgrounds officials announced the five-year deal on Thursday. Playing in the 74-year-old landmark will more than quintuple seating capacity for Jaguar games.
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Ball State kicks off fundraising drive for sports facilities

April 22, 2013
The Division I university wants to invest $20 million for new and improved complexes for baseball, basketball, football and golf, among other sports.
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Extra security set for this weekend's Little 500

April 17, 2013
Associated Press
Heightened security measures and an expanded police presence will greet visitors at this weekend's annual Little 500 bicycle races in response to Monday's deadly explosions at the Boston Marathon.
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Colts confident they can sell new luxury suites

April 16, 2013
Anthony Schoettle
Colts officials say local demand remains high for suites, even as other NFL teams struggle, and that season-ticket renewals are at 95 percent. The city will foot the $2 million bill for two new suites at Lucas Oil Stadium.
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Ballard: New $6M complex will help attract world sports

April 16, 2013
Anthony Schoettle
Mayor Greg Ballard revealed in India Tuesday that Indianapolis hopes to host the inaugural United States Cricketing Championship next year. The venue would be a little-discussed park on the east side undergoing a $6 million transformation.
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Indianapolis Colts, city reach deal on new luxury suites

April 8, 2013
Mason King, Anthony Schoettle
Up to $2 million of the costs for the suites project and other improvements will be paid by the Capital Improvement Board, the city agency which owns and operates Lucas Oil Stadium.
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Ice likely to play more games at revamped Pan Am facilities

April 5, 2013
Scott Olson
Building owner Kite Realty Group Trust has agreed to renovate the aging facility's ice rinks to enable the hockey team to play more games there next season.
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Skating academy to close ice rinks at Pan Am Plaza

April 3, 2013
 IBJ Staff
Indiana World Skating Academy, a fixture in downtown Indianapolis since 1987, plans to suspend operations of its two indoor ice rinks at Pan Am Plaza this month and begin looking for a new location, the not-for-profit announced Wednesday.
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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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Speedrome gains momentum with sponsorship deals

March 20, 2013
Anthony Schoettle
At a time when sports sponsorships in general and motorsports sponsorships in particular aren't easy to score, the 72-year-old Speedrome has announced five such pacts in the last month.
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BENNER: From the NBA to the Big Ten, putting butts in seats is kingRestricted Content

March 9, 2013
Bill Benner
Even watching the game from home on ESPN, a casual observer might have thought Bankers Lie Fieldhouse was a neutral court.
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Collectors snap up Bush Stadium's salvaged seats

February 22, 2013
Cory Schouten
Indianapolis sports fans and collectors lined up Thursday to buy seats salvaged from Bush Stadium, snapping up more than 300 in the first day of the three-day sale — six times as many as organizer People for Urban Progress had expected for the entire offering.
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Bill to support Speedway with state taxes passes committee

February 14, 2013
Anthony Schoettle
The Indiana Senate Appropriations Committee on Thursday morning unanimously passed a bill that would capture state tax money generated at the Indianapolis Motor Speedway and give it back to the track to improve the facility.
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IMS seeks state help for $70M in upgrades

February 9, 2013
 IBJ Staff
A state senator plans to introduce a bill creating an Indiana Motorsports Investment District that would capture state sales, income and corporate taxes for future investment in the Speedway.
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NBA All-Star Game alluring, but no local bid in sightRestricted Content

February 2, 2013
Greg Andrews
The 1985 NBA All-Star Game remains the only all-star game the league has held in Indianapolis—a curious omission given the city’s propensity for landing big-time events.
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Soccer stadium could be development springboardRestricted Content

January 19, 2013
Anthony Schoettle
Landing a North American Soccer League franchise might be the easiest part of Indianapolis developer Ersal Ozdemir’s grand plan, which includes building a downtown soccer stadium and surrounding it with retail and residential space.
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Colts trying to tackle proposed ticket-tax hike

January 16, 2013
Cory Schouten
The Indianapolis Colts are playing defense as city leaders move to hike a ticket tax on downtown events by 67 percent. The team says raising the tax on tickets from 6 percent to 10 percent will harm its bottom line and that of local businesses that rely on Colts fans.
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Well-known Indianapolis developer launching pro soccer team

January 15, 2013
Anthony Schoettle
Keystone Group President Ersal Ozdemir plans to launch a soccer franchise in 2014 and build a soccer-specific stadium by 2017.
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Indians continue trend of higher profitRestricted Content

January 12, 2013
The city's professional baseball team has thrived financially since 2009, bucking the woes of the economy.
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Crossroads Classic pleases fans, but long-term future uncertain

December 18, 2012
Anthony Schoettle
The two-year trial of the Crossroads Classic doubleheader basketball event has drawn capacity crowds to Indianapolis. But there are still scheduling concerns to be worked out if the fledgling event is to become a long-term college basketball tradition.
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CIB to consider 1-year extension with Pacers, source says

December 10, 2012
Kathleen McLaughlin
The Capital Improvement Board of Marion County is expected to seek a one-year extension of its current lease deal with Pacers Sports & Entertainment, according to a former board member and current Indianapolis city-county councilor.
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Face-lift nearly complete at Eagle Creek golf courses

December 7, 2012
Kathleen McLaughlin
Eagle Creek Golf Club received a long-awaited face-lift this year under a contract that will rescue the city from most of its expenses stemming from the previous operator’s loan default.
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Bush Stadium seats to live on at bus stops

November 21, 2012
 IBJ Staff
An Indianapolis not-for-profit that recycled the fabric roof of the former RCA Dome into totes, wallets and other items has found a new use for the seats once used at Bush Stadium.
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Butler University raises $12 million in campaign to refurbish historic Hinkle Fieldhouse

November 9, 2012
Scott Olson
Built in 1928, the aging facility is about to undergo its most extensive renovation since the building began hosting basketball games shortly before the Great Depression.
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NCAA's moves over betting 'ludicrous,' N.J. official says

October 16, 2012
Associated Press
The NCAA is "ludicrous and hypocritical" for moving five championship games out of New Jersey next year because the state plans to offer legalized sports betting, a spokesman for New Jersey Gov. Chris Christie said.
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  1. PJ - Mall operators like Simon, and most developers/ land owners, establish individual legal entities for each property to avoid having a problem location sink the ship, or simply structure the note to exclude anything but the property acting as collateral. Usually both. The big banks that lend are big boys that know the risks and aren't mad at Simon for forking over the deed and walking away.

  2. Do any of the East side residence think that Macy, JC Penny's and the other national tenants would have letft the mall if they were making money?? I have read several post about how Simon neglected the property but it sounds like the Eastsiders stopped shopping at the mall even when it was full with all of the national retailers that you want to come back to the mall. I used to work at the Dick's at Washington Square and I know for a fact it's the worst performing Dick's in the Indianapolis market. You better start shopping there before it closes also.

  3. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  4. If you only knew....

  5. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

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