CIB approves refinancing Conseco, dome bonds
The move is expected to save $8 million to $9 million over the life of the bonds.
Capital Improvement Board
Articles
City to seek more parking for Rolls-Royce’s move
The Capital Improvement Board will be charged with helping Rolls-Royce Corp. find up to an additional 500 parking spaces to accommodate the company’s move to a downtown office campus formerly occupied by Eli Lilly and Co.
ICVA expects to fall short of 2011 room-night goal
The convention association set out to book 725,000 hotel room nights this year for future meetings but so far is trending below the goal. An aggressive drive last year exhausted many of its prospects, new ICVA CEO Leonard Hoops said.
Better Wi-Fi sought for stadium, convention center
The Capital Improvement Board of Marion County is accepting proposals to improve Wi-Fi service at both Lucas Oil Stadium and the Indiana Convention Center. The systems are expected to be operational in time for the Super Bowl in February.
CIB reports quarterly revenue increase
The Capital Improvement Board saw revenue of $22.5 million in the first three months of the year, a jump of 28 percent compared with the same three months in 2010. More taxes generated by hotel stays and restaurant visits helped drive the increase.
CIB, Colts dispute stadium concession expenses
The Indianapolis Colts and its stadium manager, the Capital Improvement Board of Marion County, are squabbling over who pays certain concession expenses. The dispute ultimately could reach arbitration, if an agreement is not reached.
CIB awards contracts for stadium, convention security
The Capital Improvement Board voted Monday to retain the services of three firms that currently provide security at Lucas Oil Stadium and the Indiana Convention Center, at an annual savings of $300,000.
Gun bill raises concerns for CIB properties
Legislation that would allow Hoosiers with gun permits to carry their weapons into municipal properties could affect Lucas Oil Stadium and the Indiana Convention Center.
Parking meter replacement set to begin in March
Affiliated Computer Services, which struck a deal late last year to manage the city’s parking meters, will begin replacing meters in downtown Indianapolis and Broad Ripple early next month.
CIB set to approve parking lot paving bid
The Capital Improvement Board will consider a bid for up to $900,000 to pave a gravel parking lot on the former site of Market Square Arena once slated for redevelopment.
Stadium construction issues nearly resolved
More than two years after it opened, some construction problems persist at Lucas Oil Stadium, particularly with outside lighting and with some of the plumbing. The work was performed by contractors that are now defunct.
CIB seeking bids for stadium, convention security
Request for proposals calls for providing 24-hour security at both Lucas Oil Stadium and the Indiana Convention Center, as well as providing armed guards for special events. The CIB plans to award contracts in mid-March.
Pacers, city negotiate $33M deal
The Indiana Pacers will stay put in Conseco Fieldhouse at least through 2012, thanks to a three-year deal approved July 16 by the city’s Capital Improvement Board.
CIB OKs $2.6M in carpet upgrades for convention center
Capital Improvement Board plans to spend about $2.6 million to replace 370,000 square feet of carpeting in the older portion of the Indiana Convention Center to match the carpet in the new addition.
CIB finances faring better than expected
The Capital Improvement Board, through the first nine months of the year, was running $12.3 million ahead of budget, by posting $6.5 million more revenue than planned while cutting $5.8 million in expenses.
City-County Council approves 2011 budget
The CIB’s $73.1 million budget, which included a $10 million payment to the Pacers for the operation of Conseco Fieldhouse, passed by a 15-14 vote.
Some council members still unsure about CIB budget
The Capital Improvement Board’s controversial spending plan will face its final trial Monday night as the City-County Council takes up the city’s $1.1 billion budget for next year.
CIB budget could face rough ride in council
Some City-County Council members are skeptical of the Capital Improvement Board’s spending plan for 2011 that includes $10 million for the privately operated Indiana Pacers.
Conseco Fieldhouse to get new video signage
The new “video ribbon,” which could cost up to $1.6 million, will be paid for with funds from the Capital Improvement Board. It will be installed around the entire upper fascia of the arena between the second and third levels.
CIB approves 2011 budget
Including debt obligations, the CIB’s total budget for 2011 is expected to be $104.4 million. The City-County Council is set
to receive the budget at its Sept. 20 meeting and could approve it Oct. 25.