Quick take: Six things to know about the proposed Pacers deal
Here’s a breakdown of the 158-page agreement that the CIB was considering Friday morning.
Capital Improvement Board
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UPDATE: CIB approves Pacers deal to fund $360M renovation, expansion of Bankers Life Fieldhouse
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.
CIB poised to vote on Pacers retention deal during Friday meeting
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.
Downtown hotel coalition launches ad campaign against CIB funding bill
A coalition opposed to the development of two downtown convention hotels plans to launch a “significant” multimedia advertising campaign Thursday with hopes of swaying the public—and lawmakers—on the issue.
Pacers, CIB talks could extend beyond legislative deadline
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.
Bill to help Indy Eleven with stadium, boost funding for CIB passes Senate
The Indiana Senate passed legislation Tuesday morning that would boost funding for Indianapolis’ Capital Improvement Board, keep the Indiana Pacers in town for at least another 25 years and provide support for a dedicated soccer stadium for the Indy Eleven.
CIB in ‘early stages’ of search for new leader
Capital Improvement Board President Melina Kennedy said her organization has received “quite a few” local and national applicants to replace longtime Executive Director Barney Levengood.
Council leaders urge legislative hearing on Indy Eleven stadium bill
Republican and Democratic leaders of the City-County Council say they want the opportunity to fully debate a bill that would funnel state and local tax revenue to an 18,000-seat stadium that would be part of a larger mixed-use development.
Longtime CIB leader Levengood announces retirement
Nearly 30 years after coming to Indianapolis to head the city’s convention efforts, Barney Levengood is retiring later this year.
Indy Eleven proposes $550 million development that includes stadium
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.
Business partner sought for proposed Broad Ripple Park event center
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.
Gov. Holcomb wants to keep Pacers in Indy, will consider plans to improve CIB facilities
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.
Visit Indy seeking 3 percent increase in CIB funding for 2019
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.
Pacers rethinking fieldhouse fan experience
The $200 million in upgrades to the Atlanta Hawks’ arena might provide hints as to what Pacers Sports & Entertainment is seeking in hush-hush negotiations with the Capital Improvement Board.
IBJ Podcast: Why the Indy CIB will ask the Legislature for millions of dollars
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.
CIB to ask state for millions to help fund long-term needs
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.
Kite to build 2 hotels at Pan Am Plaza; city to spend $120M on attached meeting space
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.
CIB OKs $8.5M to upgrade Lucas Oil Stadium AV equipment
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.
Gen Con wants tech upgrades at convention center to stay in Indy
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.
Ballpark keeps upgrading experience for fans
Suite holders at Victory Field this season will be treated to a major renovation of the private rooms as part of an ongoing $6 million upgrade to the aging ballpark.