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LETTER: Stadium story underplays costs

August 12, 2017

Of all the numbers listed in your article about Lucas Oil Stadium [At a crossroads? July 24], you did not mention what the annual payments and debt service dollars are that the city must continue to pay for the stadium. Nor did you mention how much the city still owes on the Hoosier Dome (yes, the stadium that was demolished nearly a decade ago). 

I’m interested to see how the math works for a $720 million asset that generates just $3.5 million in operating revenue after the Colts take their cut of “non-Colts-related” events. Show me where I can get a 200-plus year state-government-backed mortgage.
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Matthew Caito
 

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