Key state lawmaker casts doubt on Indianapolis’ aspirations for MLS stadium
For the second time in as many months, a state lawmaker is questioning the city’s chances of financing a potential Major League Soccer stadium.
Capital Improvement Board
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UPDATE: CIB negotiating with designer for proposed downtown soccer stadium
The Kansas City, Missouri-based Populous Design has planned Major League Soccer stadiums such as TQL Stadium in Cincinnati; Allianz Field in St. Paul Minnesota; GEODIS Park in Nashville, Tennessee; and Children’s Mercy Park in Kansas City, Kansas.
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MLS commissioner attends Pacers game with Hogsett amid expansion talks
The game capped off a day of meetings between Garber and Hogsett, his deputies and some state officials, a source familiar with his plans told IBJ.
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Projected cost of Signia hotel rises by $70M, with CIB set to foot bill
All in, the cost of the redevelopment of Pan Am Plaza is expected to be about $780 million, with the convention center expansion cost covered through bonds backed by the city’s consolidated tax-increment financing district.
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Q&A: CIB’s Andy Mallon talks about Taylor Swift, Pan Am Plaza construction and more
Mallon spoke with IBJ about what it’s been like to oversee the board at a time when so much is going on.
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Articles
Downtown sports venues poised for upgrades in CIB’s 2026 budget
Lucas Oil Stadium and Victory Field, both of which are operated by the board along with the Indiana Convention Center, are among those designated for $35.2 million in planned improvements approved as part of the agency’s overall budget on Friday.
Capital Improvement Board seeks to pin down soccer stadium price by early 2026
The CIB, which oversees all of downtown’s convention and sports facilities, has issued a request for proposals seeking a construction manager for the project.
Host committee details events, art and other activations ahead of WWE Royal Rumble
The local host committee of the WWE Royal Rumble detailed collaborations, public artwork, ancillary wrestling shows and other activities ahead of the main event at Lucas Oil Stadium.
Capital Improvement Board reelects leadership after major tourism year
In Marci Reddick’s second year as board president, the CIB was involved in major public-private partnerships such as the NBA All-Star Weekend and Taylor Swift’s three-night stop at Lucas Oil Stadium.
Swift fans say city’s efforts to impress have succeeded
Some 200,000 people were expected to be downtown for three Taylor Swift shows, and tourism officials have used music performances, activities and Swift-related decor to encourage them to return to the city.
Capital Improvement Board set to buy Pan Am Tower for $10.5M
The CIB is buying the property as a strategic acquisition tied to the ongoing redevelopment of Pan Am Plaza.
Stadium, convention center operator anticipates big revenue jump for 2025
A large portion of the board’s new expenses are tied to major ongoing projects, including the hotel and convention center expansion project at Pan Am Plaza, as well as efforts to secure an MLS expansion club.
Roof issue at Lucas Oil Stadium resolved, CIB says
The retractable roof at Lucas Oil Stadium has been repaired after a system malfunction prevented it from opening for the Indianapolis Colts’ preseason opener Sunday.
City, outside entities start inquiring about buying land adjacent to proposed stadium site
AES Indiana, which owns a half-acre parking lot at 355 E. Pearl St., just east of Alabama Street, confirmed to IBJ that the company is “currently discussing its sale with a third party.”
CIB wants to buy 8.8 acres near Lucas Oil Stadium for truck parking, event prep
Leaders of the Capital Improvement Board of Marion County, which operates of the stadium and Indiana Convention Center, want control of the parcel to guarantee adequate space for storing semis and staging events as the city’s sports and tourism industry grows.
Lucas Oil Stadium to remove, replace controversial turf next year
The NFL Players Association last year called on six venues to change their playing surfaces, saying the turf in those stadiums resulted in “statistically higher in-game injury rates.”
Convention Center, Lucas Oil Stadium operator eyes $180M budget
The Capital Improvement Board on Friday approved a $180.4 million budget for 2024, up from about $155 million last year.
CIB announces real estate lawyer as first new president in 7 years
The appointment of longtime real estate attorney Marci Reddick follows the resignation of Melina Kennedy, who this month begins her job as CEO of the Central Indiana Corporate Partnership.
CIB approves another $50M in funding for growing Pan Am Plaza project costs
The additional financial support will come from the Capital Improvement Board’s fund balance, which was bolstered in October with $50 million in revenue replacement funds through the federal American Rescue Plan Act.
CIB expects to exceed pre-pandemic revenue figures with $156M budget for 2023
The organization that oversees the Indiana Convention Center, Lucas Oil Stadium and other Indianapolis sports venues is projecting tourism industry business to return to pre-pandemic levels next year as part of its budgeting process.
Two major public art installations announced for Gainbridge Fieldhouse plaza
A $28.5 million Lilly Endowment Inc. grant will provide funding for plaza amenities including sculptures by Honduras-based artist Herman Mejia, a community basketball court/ice rink and public restrooms.
CIB dips into reserves to manage through pandemic
Nearly two years into the pandemic, the agency that oversees the convention center, Lucas Oil Stadium and other sports venues has been able to pay its bills without layoffs or long-term facilities closures.
Did city officials properly vet deal for developmental football league event?
The Spring League, a developmental football association formed in 2017, racked up some $1.4 million in unpaid bills during a nine-week stay in Indianapolis last spring.
Lucas Oil Stadium to see $22 million in upgrades in 2022
The improvements will bring new, higher-definition video boards to the northwest and southeast corners of the bowl, along with new video-ribbon displays, an upgraded sound system, new carpet and furniture, and an area in the team’s locker room for female football personnel.