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Home » Capital Improvement Board

Capital Improvement Board

Indiana Convention Center operator addressing pipe issue that soaked Gen Con

August 3, 2026
Mickey ShueyMickey Shuey

Dozens of Gen Con gaming participants posted videos on social media Saturday of the water rushing in from overhead inside Exhibit Hall B.

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As Bears talks unfold, Colts weigh future needs at Lucas Oil Stadium

June 19, 2026
Mickey ShueyMickey Shuey

As Indiana officials work to secure a stadium deal for the Chicago Bears, the Indianapolis Colts are beginning to formulate goals for a future round of negotiations with the Capitol Improvement Board.

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Georgia Street paved with asphalt — temporarily — ahead of Final Four weekend

April 2, 2026 | Mickey ShueyMickey Shuey

A $9.1 million redevelopment of the street into mostly a park-like plaza was supposed to be done by now. But delays meant it wasn’t done for the Tip-Off Tailgate fan event.

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Key state lawmaker casts doubt on Indianapolis’ aspirations for MLS stadium

February 12, 2026 | Mickey ShueyMickey Shuey

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.

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Downtown sports venues poised for upgrades in CIB’s 2026 budget

August 22, 2025 | Mickey ShueyMickey Shuey

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.

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Capital Improvement Board seeks to pin down soccer stadium price by early 2026

July 21, 2025 | Mickey ShueyMickey Shuey

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.

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UPDATE: CIB negotiating with designer for proposed downtown soccer stadium

May 7, 2025 | Mickey ShueyMickey Shuey

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

February 24, 2025 | Mickey ShueyMickey Shuey

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

February 14, 2025 | Mickey ShueyMickey Shuey

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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Host committee details events, art and other activations ahead of WWE Royal Rumble

January 24, 2025 | Mickey ShueyMickey Shuey

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.

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Capital Improvement Board reelects leadership after major tourism year

January 17, 2025 | Taylor Wooten

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.

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Swift fans say city’s efforts to impress have succeeded

November 3, 2024 | Mickey ShueyMickey Shuey

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.

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Q&A: CIB’s Andy Mallon talks about Taylor Swift, Pan Am Plaza construction and more

November 1, 2024 | Mickey ShueyMickey Shuey

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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pan am plaza building

Capital Improvement Board set to buy Pan Am Tower for $10.5M

August 28, 2024 | Mickey ShueyMickey Shuey

The CIB is buying the property as a strategic acquisition tied to the ongoing redevelopment of Pan Am Plaza.

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Stadium, convention center operator anticipates big revenue jump for 2025

August 23, 2024 | Mickey ShueyMickey Shuey

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.

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Roof issue at Lucas Oil Stadium resolved, CIB says

August 13, 2024 | Mickey ShueyMickey Shuey

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.

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City, outside entities start inquiring about buying land adjacent to proposed stadium site

May 31, 2024 | Taylor Wooten and Mickey ShueyMickey Shuey

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.”

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CIB wants to buy 8.8 acres near Lucas Oil Stadium for truck parking, event prep

March 12, 2024 | Mickey ShueyMickey Shuey

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.

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Lucas Oil Stadium to remove, replace controversial turf next year

August 25, 2023 | Mickey ShueyMickey Shuey

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.”

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Convention Center, Lucas Oil Stadium operator eyes $180M budget

August 25, 2023 | Mickey ShueyMickey Shuey

The Capital Improvement Board on Friday approved a $180.4 million budget for 2024, up from about $155 million last year.

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CIB announces real estate lawyer as first new president in 7 years

February 10, 2023 | Mickey ShueyMickey Shuey

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.

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pan am convention center project

CIB approves another $50M in funding for growing Pan Am Plaza project costs

December 9, 2022 | Mickey ShueyMickey Shuey

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.

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