NBA and NFL teams will face a considerable financial hit if they are forced to play with no fans in the stands, but, thanks to their lucrative TV contracts, it won’t knock them into the red.
The decision came less than two hours after the NCAA said it would play its March Madness games in empty stadiums and shortly after the first Big Ten game tipped off at Bankers Life Fieldhouse.
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.
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.
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.
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.
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.
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 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.
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.
The board carries $56 million in liability insurance for its facilities, including a $1 million general liability policy and a $55 million umbrella policy.
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.
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.
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.
The extension, announced Wednesday, means Indianapolis will keep the event through at least 2021. It has hosted the combine since 1987.
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.
The Rules and Public Policy Committee on Tuesday decided to table two items related to a long-term deal with the Indiana Pacers.
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.
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.
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.
