Pacers Sports & Entertainment is expected to ask the city’s Capital Improvement Board at its Monday afternoon meeting to let it construct a building on city-owned land just east of Bankers Life Fieldhouse.
If the agreement is approved, PS&E plans to build a privately financed building that will house a training facility, offices and space for “a major tenant, bringing continued vitality to the growing Delaware Street Corridor that includes CityWay,” according to a written statement released by the Pacers.
The pie-shaped parcel on the east side of Delaware Street across from the Fieldhouse is currently used for PS&E employee parking.
At the conclusion of the agreement, the statement said, PS&E will turn ownership of the facility to the city at no cost. It is not clear how long that agreement would be, and PS&E officials declined to elaborate.
Pacers officials do not plan to make a presentation at Monday’s CIB meeting, but team spokesman Bill Benner said if the measure is passed, a public announcement would be made mid-week “disclosing all details, including the tenant.”
CIB officials declined to comment on the issue before Monday’s meeting.
In April, 2014, the CIB approved a $160 million, 10-year funding package to the Pacers for the operations of Bankers Life Fieldhouse. The agreement locks in the Pacers—even if the organization loses money—through the 2023-24 basketball season. With three one-year renewal options, it could keep the Pacers here through the 2026-27 season.