Pacers

Bird still has boss' support, but also plenty of critics

October 23, 2010
Anthony Schoettle
This year might be Indiana Pacers President of Basketball Operations Larry Bird's last shot to show that his skill assembling a team is on par with his talent as a player and coach.
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Indiana Pacers launch combine to scout for top salespeopleRestricted Content

October 16, 2010
Anthony Schoettle
Representatives of at least 17 professional sports franchises will be here looking for talent to add to their business teams.
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CIB budget could face rough ride in council

October 11, 2010
Francesca Jarosz
Some 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.
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Smart gets his first shot as NBA head coach

September 27, 2010
Bloomberg News
Hoosier basketball legend Keith Smart was appointed by the Golden State Warriors to replace Don Nelson, the head coach with the most victories in NBA history.
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Indiana Pacers, Fever sign deal with Steak n Shake

August 28, 2010
 IBJ Staff
As a sponsor of the Pacers and Fever, Steak n Shake receives courtside signage, a game night giveaway and on-court promotions
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CIB's 2011 budget slated to grow by $10 million

August 27, 2010
Scott Olson
Capital 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.
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BENNER: Bird's trust goes unrewarded in new debacleRestricted Content

August 21, 2010
Bill Benner
Face it, Larry; you messed up. You trusted a 19-year-old with a questionable past.
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EDITORIAL: Deal for Pacers is worth making

July 17, 2010
 IBJ Staff
Conseco Fieldhouse does not belong to the Pacers, but to the city. And we need the Indiana Pacers.
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CIB deal won't fix all of Pacers' woes

July 17, 2010
Anthony Schoettle
The $33.5 million the Capital Improvement Board is providing the Indiana Pacers is merely a Band-Aid that will do little to solve serious short-term and long-term issues facing the team.
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BENNER: Will Pacers be reborn or say a long goodbye?Restricted Content

July 17, 2010
Bill Benner
Winning will not, as some have suggested, cure all, because the NBA business model is so horribly awry.
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CIB approves $33.5 million deal to keep Indiana Pacers

July 16, 2010
Mason King
The 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.
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CIB saves $1M after state agrees to lower loan rate

July 16, 2010
Anthony Schoettle
State 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.
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Pacers name Kellogg VP of player relations

July 14, 2010
Associated Press
Kellogg is a broadcaster for Pacers and CBS college basketball telecasts. He'll continue his responsibilities with Pacers TV and as the lead college basketball analyst for CBS.
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UPDATE: CIB wringing money from general operating fund to pay Pacers

July 12, 2010
Anthony Schoettle
A 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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City makes $33.5M deal to keep Indiana Pacers

July 12, 2010
 IBJ Staff
The city will contribute $10 million annually for three years toward Conseco Fieldhouse operating expenses. It also will provide at least $3.5 million for capital improvements.
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CIB audit shows agency finances improving

July 2, 2010
Scott Olson
The Capital Improvement Board earned $10 million last year after reporting a $16.8 million loss in 2008. Its financial future is clouded, however, by talks with the Indiana Pacers over Conseco Fieldhouse operating costs.
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Pacers, CIB still talking post-deadline

July 1, 2010
Scott Olson
A June 30 deadline imposed by the basketball team passed with no agreement on who will pay Conseco Fieldhouse operating expenses, but both sides remain optimistic a deal will get done soon.
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CIB, Pacers discussing three-year deal

June 17, 2010
Anthony Schoettle
City officials want to wait until economy, National Basketball Association labor situation stabilize before entering longer-term deal. Optimism remains deal can get done by June 30.
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Study: Pacers, Fever add $55M to local economy each year

May 10, 2010
Scott Olson
The Indiana Pacers and Indiana Fever contribute an estimated $55 million a year to the Indianapolis economy, according to a study conducted by Chicago-based hospitality consulting firm Hunden Strategic Partners.
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CIB set to release results of Pacers impact study

May 10, 2010
Scott Olson
The report from a Chicago consulting firm will detail how much the Indiana Pacers contribute to the local economy, as the Capital Improvement Board negotiates with team officials over paying $15 million in annual Conseco Fieldhouse operating costs.
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Speedway native launches professional basketball team

May 1, 2010
 IBJ Staff
Speedway businessman Tim Hicks will launch the Indianapolis Drive next fall as part of the ABA’s 11th season.
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BENNER: Think twice before ripping the blue and goldRestricted Content

April 24, 2010
Bill Benner
I defy anyone to tell me that losing the Pacers would be a positive thing for Indianapolis.
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Pacers would pay big if they moved

April 17, 2010
Anthony Schoettle
Moving the Indiana Pacers from Conseco Fieldhouse to another city would impose serious financial hardship on the franchise, according to one interpretation of the team's 10-year-old deal with the city.
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EDITORIAL: Shed more light on Pacers' plight

April 17, 2010
 IBJ Staff
It would be a sad day in our civic history if the Indiana Pacers packed up and left for a place with more financial firepower. But there’s a limit to how far the city should go to keep the team from leaving home.
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Pacers' woes tied to Lucas Oil Stadium deal

April 16, 2010
Anthony Schoettle
Five years ago, the Indiana Pacers ownership was not included in discussions about a potential new downtown home for the Indianapolis Colts, and now city and Pacers officials are paying the price.
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  1. By Mr. Lee's own admission, he basically ran pro-bono ads on the billboard. Paying advertisers didn't want ads on a controversial, ugly billboard that turned off customers. At least one of Mr. Lee's free advertisers dropped out early because they found that Mr. Lee's advertising was having negative impact. So Mr. Lee is disingenous to say the city now owes him for lost revenue. Mr. Lee quickly realized his monstrosity had a dim future and is trying to get the city to bail him out. And that's why the billboard came down so quickly.

  2. Merchants Square is back. The small strip center to the south of 116th is 100% leased, McAlister’s is doing well in the outlot building. The former O’Charleys is leased but is going through permitting with the State and the town of Carmel. Mac Grill is closing all of their Indy locations (not just Merchants) and this will allow for a new restaurant concept to backfill both of their locations. As for the north side of 116th a new dinner movie theater and brewery is under construction to fill most of the vacancy left by Hobby Lobby and Old Navy.

  3. Yes it does have an ethics commission which enforce the law which prohibits 12 specific items. google it

  4. Thanks for reading and replying. If you want to see the differentiation for research, speaking and consulting, check out the spreadsheet I linked to at the bottom of the post; it is broken out exactly that way. I can only include so much detail in a blog post before it becomes something other than a blog post.

  5. 1. There is no allegation of corruption, Marty, to imply otherwise if false. 2. Is the "State Rule" a law? I suspect not. 3. Is Mr. Woodruff obligated via an employment agreement (contractual obligation) to not work with the engineering firm? 4. In many states a right to earn a living will trump non-competes and other contractual obligations, does Mr. Woodruff's personal right to earn a living trump any contractual obligations that might or might not be out there. 5. Lawyers in state government routinely go work for law firms they were formally working with in their regulatory actions. You can see a steady stream to firms like B&D from state government. It would be interesting for IBJ to do a review of current lawyers and find out how their past decisions affected the law firms clients. Since there is a buffer between regulated company and the regulator working for a law firm technically is not in violation of ethics but you have to wonder if decisions were made in favor of certain firms and quid pro quo jobs resulted. Start with the DOI in this review. Very interesting.

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