Here’s a breakdown of the 158-page agreement that the CIB was considering Friday morning.
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.
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.
State lawmakers on Monday significantly amended legislation designed to provide long-term funding mechanisms to the Capital Improvement Board, keep the Indiana Pacers in the city for at least another 25 years and support building a permanent soccer stadium for the Indy Eleven.
The wireless infrastructure at Lucas Oil Stadium could see significant improvements in the coming months as part of a three-way deal between the Colts, the Capital Improvement Board and Verizon.
The Indy Eleven would likely need the $150 million soccer stadium proposed by owner Ersal Ozdemir for only about 20 matches a year.
A bill passed by the Indiana Senate would require the Indy Eleven to become an MLS franchise within three years to unlock tax money to build a stadium dedicated to soccer. But is that realistic? IBJ's Anthony Schoettle says it's an uphill climb — but by no means out of the question. He talks to […]
Legislation passed by the Indiana Senate makes money for a soccer stadium available only if the city gains a Major League Soccer franchise—but that same legislation could make it more likely the MLS gives it a team.
A change made to legislation designed to boost funding for the Capital Improvement Board means the quasi-governmental agency could see an additional $15 million in tax funds annually—nearly double what was initially proposed.
Known as the “First Lady of Golf Architecture,” Alice Dye was an dominant figure in golf design in partnership with her husband, Pete Dye, and as an amateur player. The Indianapolis native died Friday at age 91.
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.
The local event is one of eight races on the 2019 Red Bull Air Race World Championship circuit and the only one scheduled for North America.
The state’s top budget-writing senator doesn’t see a reason to schedule a hearing for a bill that would help fund a proposed soccer stadium for the Indy Eleven.
For the past six years, the Indy Eleven has been owned solely by Ersal Ozdemir, who also owns the Indianapolis development firm Keystone Corp. The addition of seven investors is expected help raise the team’s statewide profile.
Owner Ersal Ozdemir isn’t revealing possible locations for his $550 million Eleven Park project, but community leaders and other observers are bandying about lots of options.
A bill filed by Senate Appropriations Chairman Ryan Mishler would extend the life of multiple tourism- and entertainment-related taxes that help fund the Capital Improvement Board and expand the footprint of what’s known as the Professional Sports Development Area to capture even more tax revenue for the CIB. But there’s a catch.
The Republican governor did not take a position on an Indy Eleven plan to have state and local taxpayers fund a new stadium, but he said officials always need to embrace the future.
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.
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.
The spectators on hand for Ohio State’s 45-24 defeat of Northwestern at Lucas Oil Stadium inched past last year’s game attendance by about 500 people, but fell short of a complete sellout.