The not-for-profit that oversees the Indianapolis Cultural Trail and the Indiana Pacers Bikeshare program plans to shed its training wheels and renovate a former service station along the trail as its headquarters.
There’s never been a better time to be a professional sports franchise operator in Indianapolis. Season-ticket renewal rates and attendance are near record levels. But some observers wonder whether too much of a good thing could turn into a bad thing if spending on sports outruns growth in the local economy.
The Pacers were among the favorites to challenge for the Eastern Conference title this season. That was before Paul George tried to block a layup during a Team USA scrimmage three days ago and broke his right leg in multiple places.
The Indiana Pacers, a round short of the NBA Finals the last two years, are left pondering a season without their best player.
In allowing the deal to go forward, Superior Court Judge Michael Levanas sided Monday with Sterling's estranged wife, Shelly Sterling, who negotiated the record sale after the NBA banned the 80-year-old billionaire for making offensive remarks about blacks.
Pacers free-agent guard Lance Stephenson has come to terms with the Charlotte Hornets with a three-year, $27 million deal, multiple media outlets reported Wednesday morning.
Cleveland isn’t an automatic contender with LeBron James back in the lineup, and there are no clear candidates to fill the power vacuum left by Miami.
Clark Kellogg, 52, who played with Pacers from 1982 to 1987, will depart as vice president of player relations, a position he’s held since 2010.
The season-ticket renewal rate for next season is around 93 percent, and season-ticket sales are 15 percent ahead of last season, said Todd Taylor, the team’s chief marketing and sales officer.
Jack Ramsay, who won an NBA title with Portland and coached the Indiana Pacers from 1986 to 1988, died Monday in Naples, Fla., after battling cancer for more than 15 years, ESPN reported
Herb Simon, 79, says the $160 million deal the city struck with the Indiana Pacers this month for operating costs and stadium improvements is an outgrowth of negotiations that began way back in 2007.
The seemingly endless yellow brick road to Oz, or what residents of central Indiana have come to accept as privately owned professional sports franchises seeking financial sustenance to build and upgrade, is nearing a tipping point of practical expenditures.
The Pacers’ revenue stream this season has increased about $42 million from where it was during the 2008-2009 season, and the team’s finances could get even brighter as the NBA negotiates a new national television package.
CIB President Ann Lathrop said Friday that debt refinancings at low interest rates have freed up money to fund capital projects at the 14-year-old Bankers Life Fieldhouse.
Stephen Simon has been increasingly involved with the team since his father, Herb, acquired full ownership of the franchise before the death of Herb’s brother Melvin in 2009.
The city's Capital Improvement Board will spend $160 million over 10 years on subsidy payments and stadium improvements for the Indiana Pacers in exchange for a lease extension through the 2023-2024 season.
On Friday, Gatorade will introduce Pacer Paul George as its newest NBA spokesman in a lineup that already features prominent athletes such as Dwyane Wade, Peyton Manning, Serena Williams and Derek Jeter.
The NBA season isn’t supposed to start in earnest until after the Super Bowl. But the Indiana Pacers this season didn’t wait until an NFL champion was crowned to go red hot—on and off the court.
The NBA has quietly brokered a deal with the former owners of the American Basketball Association’s St. Louis franchise that sources say eventually could save the Indiana Pacers millions of dollars a year.
The Indiana Pacers are the hottest team in the National Basketball Association, and their winning ways are paying off for the team and its broadcast partner.
