IBJNews

New CIB membership nearly set

Back to TopCommentsE-mailPrintBookmark and Share

Marion County Commissioners reappointed Doug Brown on Thursday morning to the Indianapolis Capital Improvement Board, leaving only one seat open on the nine-member panel whose financial troubles this year have elevated its profile.

The reappointment of Brown, a lawyer at law firm Stewart & Irwin PC, is part of a larger reorganization of the CIB, which manages the city’s professional sports venues and the Indiana Convention Center.

This year has been particularly daunting for the CIB, as it grappled to overcome a projected $47 million deficit in 2010. The board has improved its financial health by making $26 million in cuts and by avoiding $25.5 million in debt-service reserve payments.

The largest challenge facing new board members is ongoing negotiations with the Indiana Pacers to keep the team from breaking its lease. That could require the CIB to fund $15 million in Conseco Fieldhouse operating costs.

Under a state law passed in the summer, the terms of all nine board members expire in January, although the law does not prohibit members from being reappointed.

Late last month, Mayor Greg Ballard reappointed Ann Lathrop, an executive in the local office Oak Brook, Ill.-based public accounting firm Crowe Horwath LLP. She will assume the president’s position from Robert Grand. Grand, the managing partner of Indianapolis law firm Barnes and Thornburg LLP, was selected to head the CIB by Ballard last year but won't return in 2010.

In addition, the mayor appointed Paul Okeson, his former chief of staff, who resigned his position to become vice president of business development for Keystone Construction.

The mayor, who picks the majority of the board, also appointed former State Rep. Carolene Mays, hotel executive Jim Dora Jr. and investment company CEO David Shane, and reappointed union leader Jay Potesta.

Outgoing City-County Council President Robert Cockrum has been replaced on the CIB by fellow Republican councilor Michael McQuillen.

Republican caucus members of the City-County Council ousted Cockrum as president on Monday in favor of Ryan Vaughn, an attorney at Barnes & Thornburg.

Vaughn said McQuillen’s experience chairing the Municipal Corporations Committee, which oversees municipal budgets, including the CIB’s, made him a logical choice.

“He’ll be able to contribute right away,” Vaughn said, “because he’s familiar with the finances and the challenges they face.”

The lone seat on the CIB remaining to be filled will be selected by commissioners from surrounding counties. A state law passed this summer allows the counties that contribute food-and-beverage tax revenue to the CIB to appoint a member.

Commissioners from surrounding counties will convene after the first of the year in Hamilton County, because it has the largest population of the six that pay food and beverage taxes.

Sources involved in the selection process said getting representatives from the surrounding counties, excluding Morgan, which does not pay the tax, to agree on an appointment should be made easier by a few candidates who are lobbying for the position.

Besides Grand and Cockrum, the CIB will lose Indiana Health Care Association executive Dorothy Henry, St. Elmo President Craig Huse, IUPUI Vice Chancellor John Short and Somerset CPAs President Patrick Early.

Early has served on the CIB since 1992 and has been the board’s point person in negotiations with the Pacers. Lathrop, however, asked Early to continue in that role although he will no longer be on the board.

Despite the new faces, Lathrop said she's confident the group can continue toward fiscal responsibility

“It will take awhile for us to revisit the history of how we’ve gotten to where we are,” she said. “But I have the utmost confidence in those who have been picked to hit the ground running.”

The CIB’s first meeting of the new year will occur sometime after Jan. 15, when some of the current terms expire.
 
 

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. I had read earlier this spring that Noodles & Co was going to open in the Fishers Marketplace (which is SR 37 and 131st St, not 141st St, just FYI). Any word on that? Also, do you happen to know what is being built in Carmel at Pennsylvania and Old Meridian? May just be an office building but I'm not sure.

  2. I'm sorry, but you are flat out wrong. There are few tracks in the world with the history of IMS and probably NO OTHER as widely known and recognized. I don't care what you think about the stat of Indy Car racing, these are pretty hard things to dispute.

  3. Also wondering if there is an update on the Brockway Pub-Danny Boy restaurant/taproom that was planned for the village as well?

  4. Why does the majority get to trample on the rights of the minority? You do realize that banning gay marriage does not rid the world of gay people, right? They are still going to be around and they are still going to continue to exist. The best way to get it all out of the spotlight? LEGALIZE IT! If gay marriage is legal, they will get to stop trying to push for it and you will get to stop seeing it all over the news. Why do Christians get to decide what is moral?? Why do you get to push your religion on others? How would legalizing gay marriage expose their lifestyle to your children? By the way, their lifestyle is going to continue whether gay marriage is legalized or not. It's been legal in Canada for quite a while now and they seem to be doing just fine. What about actual rules handed down by God? What about not working on Sundays? What about obeying your parents? What about adultery? These are in the 10 Commandments, the most important of God's rules. Yet they are all perfectly legal. What about divorce? Only God is allowed to dissolve a marriage so why don't you work hard to get divorce banned? Why do you get to pick and choose the parts of the Bible you care about?

  5. Look at the bright side. With the new Lowe's call center, that means 1000 jobs at $10 bucks an hour. IMS has to be drooling over all that disposable income. If those employees can save all their extra money after bills, in five years they can go to the race LIVE. Can you say attendance boost?

ADVERTISEMENT