University of Nebraska Basketball Coach Fred Hoiberg was taken to a hospital for evaluation after he left Wednesday night’s 89-64 loss to Indiana University in the Big Ten Conference Tournament.
Virus forces CIB to scale back first phase of $360M fieldhouse renovation project
The Capital Improvement Board is significantly scaling back the first phase of a $360 million Bankers Life Fieldhouse renovation as uncertainty about working conditions and the NBA season have thrown a wrench into the construction schedule.Read More
Big Ten cancels remainder of men’s basketball tournament
The tournament started Wednesday night at Bankers Life Fieldhouse in Indianapolis. Fans were present for Wednesday’s games, but the conference that evening barred fans for the remaining days.Read More
CIB approves $62 million in contracts for Fieldhouse overhaul
The board approved eight bids—mostly to local firms—for the first and second phases of the $360 million project.Read More
The decision came less than two hours after the NCAA said it would play its March Madness games in empty stadiums and shortly after the first Big Ten game tipped off at Bankers Life Fieldhouse.
Pacers Sports & Entertainment hopes to pin down a new multimillion-dollar sponsorship deal before the first phase of a $360 million renovation to the venue begins next summer.
The board carries $56 million in liability insurance for its facilities, including a $1 million general liability policy and a $55 million umbrella policy.
The Indiana Fever will play at Hinkle Fieldhouse on the Butler University campus for two-plus seasons while Bankers Life Fieldhouse undergoes its massive renovation, Pacers Sports & Entertainment announced Thursday.
The move pushes forward the Capital Improvement Board’s deal with the Pacers, which calls for more than $360 million in renovations to Bankers Life Fieldhouse.
Pacers Sports & Entertainment is going down to the wire in lining up a new sponsor for the fieldhouse. But the wait might give it extra leverage to strike an especially lucrative deal.
A committee of the Indianapolis City-County Council has signed off on bonds and financing the Capital Improvement Board needs for its share of the $360 million overhaul of Bankers Life Fieldhouse.
Podcast host Mason King talks with IBJ reporters Lindsey Erdody and Mickey Shuey about the legislation the General Assembly passed to help fund a 25-year, $800 million deal with the Indiana Pacers.
State lawmakers have given their final approval to legislation that creates funding plans for most of a $360 million renovation of Bankers Life Fieldhouse and the construction of a $150 million soccer stadium for the Indy Eleven.
State lawmakers are done making changes to legislation that would provide millions in additional revenue to the Capital Improvement Board, help keep the Indiana Pacers in Indianapolis for the next 25 years and potentially support a permanent soccer stadium for the Indy Eleven.
Plans call for the outdoor plaza to host concerts and other public events, along with a public ice-skating rink in the winter and a public basketball court in the summer.
Legislation that will help fund a renovation of Bankers Life Fieldhouse will do much more: It will bail out the Capital Improvement Board, which is headed for insolvency without the additional revenue.
The Indiana Fever would have to find a new venue in which to play home games for the better part of three seasons, due to the extensive fieldhouse renovation and expansion planned from 2020 to 2022.
Here’s a breakdown of the 158-page agreement that the CIB was considering Friday morning.
The agreement between city officials and the NBA team provides nearly $800 million in tax revenue to the Pacers over the life of the 25-year deal.
A major deal to keep the Pacers in Indianapolis for decades is expected to be voted on Friday during a meeting of the Capital Improvement Board.
The president of the Capital Improvement Board said negotiations on a 25-year deal with the Indiana Pacers are progressing, but a final pact is likely months away.
A bill filed by Senate Appropriations Chairman Ryan Mishler would extend the life of multiple tourism- and entertainment-related taxes that help fund the Capital Improvement Board and expand the footprint of what’s known as the Professional Sports Development Area to capture even more tax revenue for the CIB. But there’s a catch.