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.
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.Read More
About $2 million in upgrades to Victory Field are scheduled to begin after the 2019 season concludes in September, most notably an overhaul of the existing suite area behind home plate.
The Capital Improvement Board will seek at least $8 million from lawmakers to help fund what officials say will be a 25-year plan for improvements in the Indiana Convention Center, Bankers Life Fieldhouse and other facilities the CIB owns.
After his 60th season with the Indianapolis Indians, Max Schumacher has relinquished his roles as chairman and president. Two current executives with the Triple-A ballclub are moving up to fill his shoes.
The improvements include a high-definition scoreboard three times larger than the current model. Renovations to the suite area and upgrades to stadium seats could be next.
The Indianapolis Indians said it's the fastest sellout for any event since the 14,200-seat ballpark opened in 1996.
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 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.
For almost 18 years, the Indianapolis Indians have poured tens of millions of dollars into Victory Field while the city has spent hardly a dime.
The Indianapolis Colts are playing defense as city leaders move to hike a ticket tax on downtown events by 67 percent. The team says raising the tax on tickets from 6 percent to 10 percent will harm its bottom line and that of local businesses that rely on Colts fans.
The minor-league Indianapolis Indians overcame a bevy of obstacles last season to continue a run of major-league profits.