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I have a lot of reservations on how much money this city, via the CIB, dumps into sports stadiums that are primarily used for for-profit endeavors owned by a private business. They need to start paying their fair share, or a private operator needs to be handed the keys and then the Colts and Pacers can deal with them. I’ve long suspected Indianapolis loses out on touring acts that could fill Lucas Oil or Bankers Life but some sports team uses it for practice for a few hours and then a concert that could entertain thousands isn’t scheduled because a few dozen people are playing with a ball.
But even beyond that, I also think we in Indianapolis need to stop being the sole financer for the state’s buildings. The state oversaw and owns both the Convention Center and Lucas Oil Stadium. They need to have some skin in the game as well.
There are some state taxes (income and sales) draw from the Professional Sports Development Area that fund the CIB. Regardless, these hard decisions by the CIB don’t include a pause on constructing new facilities.
@IBJ: Someone didn’t proofread very well:
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But it’s too soon to know what long-term impact—if any—the pandemic will have the CIB’s ability to pay its bills.
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–try this–
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It’s too soon to know what long-term impact–if-any–the pandemic will have upon the CIB’s ability to pay its bills.
Covid is not the major reason conventions and trade shows will avoid Indy for 2021. Safety Downtown is the #1 factor Trade Shows are looking at Nashville, Austin and Tampa as alternatives to Indy. If attendees don’t feel safe they will demand the events be moved to cities where they do feel safe. Right now, Indy ain’t feeling safe.