The professional soccer team is pushing for a 20,000-seat stadium as part of a real estate district featuring lodging, office and retail space, an underground parking structure and apartments.
The Indianapolis Parks Department is proposing the creation of public-private partnership involving a health care provider to help pay for a new family event center at Broad Ripple Park.
The Capital Improvement Board of Managers will ask lawmakers for more long-term funding that could be used in part for improvements at Bankers Life Fieldhouse. The governor says he’s ready to listen.
The city’s tourism agency plans to ask the Marion County Capital Improvement Board of Managers for an increase in funding, but is planning a slightly smaller overall budget in 2019.
The Capital Improvement Board will seek at least $8 million from lawmakers to help fund what officials say will be a 25-year plan for improvements in the Indiana Convention Center, Bankers Life Fieldhouse and other facilities the CIB owns.
City convention officials are gearing up for a big financial ask of the Indiana General Assembly next year as they set out on a $120 million expansion of the Indiana Convention Center at Pan Am Plaza.
The Capital Improvement Board has selected a Kite Realty Group plan from among three proposals in its effort to expand the city’s convention capacity. The CIB is expected to vote Friday to move the project forward.
The Capital Improvement Board unanimously approved the deal, which will bring the technology up to today’s standards as well as include some enhancements requested by the Indianapolis Colts.
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.
Eric Neuburger, hired in April to run Lucas Oil Stadium, hopes to draw more conventions and other non-sports events to the $720 million venue.
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.
The five-story, 130,000-square-foot St. Vincent Center will be built downtown across the street from Bankers Life Fieldhouse.
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.