Whether Seattle-based Gen Con and local officials can now reach an understanding on technology could spell the difference between Indianapolis’ hanging onto its most prized convention and potentially losing it to another city.
The annual report of the city’s Capital Improvement Board shows the number of events at the Indiana Convention Center and Lucas Oil Stadium—and the total attendance for those events—fell sharply from 2014 to 2015.
Sales of season tickets, merchandise and sponsorships are all up. Attendance is expected to match—or even exceed—the 2013-2014 season. And the stadium deal the Pacers struck with the city’s Capital Improvement Board last year has freed the franchise to make investments it hopes will pay dividends long term.
CIB attorneys had sought to block the IRS from deposing former presidents Pat Early, Bob Grand and Ann Lathrop in a legal dispute stemming from a 2009 deal that transferred full ownership of the Indiana Pacers to Herb Simon.
Three former presidents of the city’s Capital Improvement Board—Pat Early, Bob Grand and Ann Lathrop—are fighting an effort by attorneys for the IRS to depose them about what they learned about the Indiana Pacers' finances during discussions with the team.
CIB Executive Director Barney Levengood implored the board not to be overly concerned about the projected $46 million shortfall. The City-County Council is set consider the budget at its Sept. 25 meeting.
Melina Kennedy had a busy first day as president of the Capital Improvement Board but says she hasn't been approached by Mayor Joe Hogsett or City-County Council members about shaking up the board's finances—yet.