Indy Eleven considers smaller, expandable stadium as search for site continues
With its chances of joining Major League Soccer in question, Indy Eleven is considering significantly cutting the number of seats with which its new stadium would debut.
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Lawmakers consider bill to protect right to resell entertainment tickets
The legislation is meant to protect an individual’s right to sell or give his or her ticket to an event to someone else, should they choose to do so.
Indy Championships Fund raises more than $20M for major sport events
The money is expected to go a long way in funding three events on the city’s calendar: the NBA All-Star Weekend and the NCAA Men’s Basketball Final Four in 2021 and the College Football Playoff National Championship in 2022.
MARK MONTIETH: City’s underappreciated ‘middle child’ of sports venues is loaded with history
Indiana Farmers Coliseum isn’t as old as Hinkle or as state-of-the-art as Bankers Life, but it’s hosted presidents, iconic entertainers and some of the best basketball games ever played.
Indy Eleven finishes 2nd in league attendance with uptick in home crowds
The Indy Eleven drew average crowds of more than 10,000 per game to Lucas Oil Stadium in their second year in the United Soccer League.
Penske says Formula One, 24-hour race could be in IMS future, but management change is not
Roger Penske—whose Penske Corp. is buying Hulman & Co. and its racing operations—said he’d also like to bring a third car manufacturer to IndyCar and maintain IMS’s relationship with NASCAR.
Pacers don’t expect new naming-rights deal for fieldhouse until 2020
Pacers Sports & Entertainment hopes to pin down a new multimillion-dollar sponsorship deal before the first phase of a $360 million renovation to the venue begins next summer.
Convenience vs. security: The dilemma of digital tickets
Some state lawmakers want to require paper tickets, but event organizers say they can easily be manipulated and duplicated. Digital ticketing reduces fraud, they say.
Experts say CIB is thin on liability coverage for event venues
The board carries $56 million in liability insurance for its facilities, including a $1 million general liability policy and a $55 million umbrella policy.
Grand Park developer, Kokomo partner on $86 million youth sports project
Westfield-based Henke Development Group, which helped the city develop Grand Park, plans to spend $77 million developing Championship Park, a commercial development on land next to the sports park. A hotel could also be part of the project.
Indy Eleven can’t move forward on stadium until team secures site, financing
Owner Ersal Ozdemir still has many hurdles to leap to make his soccer stadium a reality, even though he scored a huge Statehouse victory in April by winning approval of a funding mechanism.
CIB seeking $320M in bonds for Bankers Life Fieldhouse project
A committee of the Indianapolis City-County Council has signed off on bonds and financing the Capital Improvement Board needs for its share of the $360 million overhaul of Bankers Life Fieldhouse.
Indianapolis gets one-year extension as host of NFL Scouting Combine
The extension, announced Wednesday, means Indianapolis will keep the event through at least 2021. It has hosted the combine since 1987.
Indians moving forward on $8.3 million Victory Field project
The Indians will get a new club and additional space in their administrative offices with a multi-million-dollar project expected to start once the 2019 season concludes. The project has received approval from the Capital Improvement Board.
City-County Council panel OKs funding plan for CIB, holds off on Pacers plan
The Rules and Public Policy Committee on Tuesday decided to table two items related to a long-term deal with the Indiana Pacers.
Westfield set to pay Grand Park tenant $625,000 over lease dispute
The city of Westfield has quietly used its Grand Junction tax increment financing fund to begin settling a lease disagreement with NinjaZone, which comes after the inaugural Colts Camp at Grand Park last summer took over the events center because of inclement weather.
City commission OKs sports development area expansion crucial for CIB
The Metropolitan Development Commission voted unanimously Wednesday to approve a resolution expanding the city’s primary professional sports development area, or PSDA, to include nine additional downtown hotels.
IBJ Podcast: Funding the CIB and the Pacers’ 25-year, $800 million deal
Podcast host Mason King talks with IBJ reporters Lindsey Erdody and Mickey Shuey about the legislation the General Assembly passed to help fund a 25-year, $800 million deal with the Indiana Pacers.
Lawmakers send funding bill for Pacers, soccer stadium to governor
State lawmakers have given their final approval to legislation that creates funding plans for most of a $360 million renovation of Bankers Life Fieldhouse and the construction of a $150 million soccer stadium for the Indy Eleven.
Lawmakers poised for final approval of bill to fund Pacers deal, soccer stadium
State lawmakers are done making changes to legislation that would provide millions in additional revenue to the Capital Improvement Board, help keep the Indiana Pacers in Indianapolis for the next 25 years and potentially support a permanent soccer stadium for the Indy Eleven.