Articles

ICVA seeks extra $15M to market new center

The Indianapolis Convention & Visitors Association says it needs more sales and marketing firepower to fill an expanded convention
center and adjacent hotels. That means asking the city’s Capital Improvement Board—one of ICVA’s primary sources of funds—for
a budget increase of up to 50 percent at the worst possible time.

Read More

CIB can’t count on mall funders

If the Capital Improvement Board comes, hat in hand, looking for help, we trust the investing companies will carefully weigh the benefits they’ve derived from the city and its thriving downtown before delivering an answer.

Read More

Don’t ask the Colts

The Colts are our “heroes,” the bedrock of our community (at least for the few months per year that most of them spend here). Why should these esteemed athletes help the city?

Read More

Indians concerned about possible ticket tax

Some local officials wrestling with the Capital Improvement Board’s $37 million deficit think part of the profit made by the Indianapolis Indians could be used to narrow that deficit, but Indian officials balk at that idea because they say they’ve already paid more than their share.

Read More

It’s time for Colts, fans to pay up

I agree 100 percent that Colts’ owner Jim Irsay should step up to the plate to help bail out the Capital Improvement Board debt and that Colts’ ticket holders should be taxed.

Read More

$720 million stadium will open with big operating deficit

Cleaning crews are wiping construction dust from the 63,000 seats in Lucas Oil Stadium, prepping for the public’s first peek at the $720 million venue Aug. 16. But the hard work is only beginning for the city’s Capital Improvement Board, the entity charged with operating the stadium. The fumbling point: CIB is anticipating a $20 million operating deficit for Lucas Oil Stadium in 2009.

Read More