Lucas Oil is looking good

January 25, 2008
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Lucas Oil StadiumMore than 1,000 workers a day in two shifts are scrambling to finish Lucas Oil Stadium, installing everything from seats and concession stand equipment to portions of retractable roof. The executive director of the Indiana Stadium and Convention Building Authority, John P. Klipsch, said the stadium will be finished on Aug. 15, as scheduled. I toured the new stadium yesterday as a guest of the Concord Business Association. Contractors have temporarily enclosed some parts so progress can continue in the cold. Check out more photos from my tour here. The ISCBA plan to tear down the RCA Dome in April as long as they can convince the Colts their new stadium will be ready. What do you think?
  • Cory,

    How about something on the proposed re-zone in broad ripple? Maybe it won't get shot down this time. Whey they tried to rezone Mcnamara Florist site before it met staunch opposition!

    There was a neighborhood meeting Tues night.
  • ^^^Yes, I also would appreciate any info anyone has in regards to the meeting. Unfortunately, I have a job, unlike many of the busybody nimbys that oppose all development in BR, so I can't ever attend.
  • The LOS is looking good! I love how retro it is!
  • It looks like it will be finished, but at what cost? How far over budget is this giant stadium? I hadn't realized how big it was until I noticed you could see it from the phantom exit for the new airport!
  • You can also see it from Emerson & English, 6 miles west through the urban core.
  • WC, last I'd read, the stadium was on time and on budget.

    Looks great! LOS will be the catalyst for the next wave of downtown development...... the south side of downtown is in for a rebrith.....
  • oops, I meant to write ...LOOKING 6 miles west...

    Obviously Irvington is east of downtown.
  • I like a winning football team in Indianapolis as much as anyone ... well, maybe not ... I really think our values and efforts are misplaced. I see this building everyday coming in on I-70 from the west ... it is a monster. It overstates the obvious. That a pro-football team is of the utmost importance in Indianapolis. This last week I read where only between 47 and 50 % of the freshman class in IPS will graduate from high school. That is outrages. What kind of community are we trying to produce? I'll watch the Superbowl just like a lot of you will but I will be thinking about the vast number of members of our community that will be living without a minimum education.
  • We can't MAKE kids graduate by spending more money on schools, and it's a fallacy to imagine that not building LOS would somehow translate into more HS graduates.

    The only thing that will fix the graduation rate is for fathers to raise their sons. (Grad rate from IPS for boys, both black and white, is about 25%. Percentage of white kids born out of wedlock, 40%. Black, near 80%. The math is pretty straightforward.)

    This is a social problem that has nothing to do with football or stadiums. Just raise your son, or your wife's son, and make clear to him by example that education beyond HS is absolutely necessary. It requires effort: educating yourself, then 18 years of dedication to child-rearing, and a few personal sacrifices in those years.
  • heck even just making sure that your kid gets through HS is important!
  • Thank you, CDC Guy! And by the way, the Colts will use LOS less than 10 times per year. The major use of the LOS and its predecessor is other events, including conventions, which support one-half of the sales in the Circle City Mall as well as many restaurants and hotels.
  • Pictures show no ramps or handicap seating like Conseco Fieldhouse?
  • Jim -

    Of course there will be ramps and handicap seating. Code requires handicap seating and accessibilty to be scattered throughout of the stadium at each ticket price point. You have to provide handicap seating all over the stadium.
  • Your correct Say Anything. Code does require accommodation, yet it appears that was not driving design on this project.

    Take a look at these pictures of seating. Looks like a lot of stairs, no ramps, no space for wheel chairs like Conseco Fieldhouse.

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  1. The $104K to CRC would go toward debts service on $486M of existing debt they already have from other things outside this project. Keystone buys the bonds for 3.8M from CRC, and CRC in turn pays for the parking and site work, and some time later CRC buys them back (with interest) from the projected annual property tax revenue from the entire TIF district (est. $415K / yr. from just this property, plus more from all the other property in the TIF district), which in theory would be about a 10-year term, give-or-take. CRC is basically betting on the future, that property values will increase, driving up the tax revenue to the limit of the annual increase cap on commercial property (I think that's 3%). It should be noted that Keystone can't print money (unlike the Federal Treasury) so commercial property tax can only come from consumers, in this case the apartment renters and consumers of the goods and services offered by the ground floor retailers, and employees in the form of lower non-mandatory compensation items, such as bonuses, benefits, 401K match, etc.

  2. $3B would hurt Lilly's bottom line if there were no insurance or Indemnity Agreement, but there is no way that large an award will be upheld on appeal. What's surprising is that the trial judge refused to reduce it. She must have thought there was evidence of a flagrant, unconscionable coverup and wanted to send a message.

  3. As a self-employed individual, I always saw outrageous price increases every year in a health insurance plan with preexisting condition costs -- something most employed groups never had to worry about. With spouse, I saw ALL Indiana "free market answer" plans' premiums raise 25%-45% each year.

  4. It's not who you chose to build it's how they build it. Architects and engineers decide how and what to use to build. builders just do the work. Architects & engineers still think the tarp over the escalators out at airport will hold for third time when it snows, ice storms.