CIB to ask state for millions to help fund long-term needs
City convention officials are gearing up for a big financial ask of the Indiana General Assembly next year as they set out on a $120 million expansion of the Indiana Convention Center at Pan Am Plaza.
View ArticleIBJ Podcast: Why the Indy CIB will ask the Legislature for millions of dollars
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...
View ArticleVisit Indy seeking 3 percent increase in CIB funding for 2019
The city's tourism agency plans to ask the Marion County Capital Improvement Board of Managers for an increase in funding, but is planning a slightly smaller overall budget in 2019.
View ArticleBusiness partner sought for proposed Broad Ripple Park event center
The Indianapolis Parks Department is proposing the creation of public-private partnership involving a health care provider to help pay for a new family event center at Broad Ripple Park.
View ArticleIndy Eleven proposes $550 million development that includes stadium
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.
View ArticleLongtime CIB leader Levengood announces retirement
Nearly 30 years after coming to Indianapolis to head the city's convention efforts, Barney Levengood is retiring later this year.
View ArticleCouncil leaders urge legislative hearing on Indy Eleven stadium bill
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...
View ArticleCIB in ‘early stages’ of search for new leader
Capital Improvement Board President Melina Kennedy said her organization has received “quite a few” local and national applicants to replace longtime Executive Director Barney Levengood.
View ArticleBill to help Indy Eleven with stadium, boost funding for CIB passes Senate
The Indiana Senate passed legislation Tuesday morning that would boost funding for Indianapolis' Capital Improvement Board, keep the Indiana Pacers in town for at least another 25 years and provide...
View ArticlePacers, CIB talks could extend beyond legislative deadline
The president of the Capital Improvement Board said negotiations on a 25-year deal with the Indiana Pacers are progressing, but a final pact is likely months away.
View ArticlePacers rethinking fieldhouse fan experience
The $200 million in upgrades to the Atlanta Hawks' arena might provide hints as to what Pacers Sports & Entertainment is seeking in hush-hush negotiations with the Capital Improvement Board.
View ArticleDowntown hotel coalition launches ad campaign against CIB funding bill
A coalition opposed to the development of two downtown convention hotels plans to launch a “significant” multimedia advertising campaign Thursday with hopes of swaying the public—and lawmakers—on the...
View ArticleCIB poised to vote on Pacers retention deal during Friday meeting
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.
View ArticleQuick take: Six things to know about the proposed Pacers deal
Here's a breakdown of the 158-page agreement that the CIB was considering Friday morning.
View ArticleUPDATE: CIB approves Pacers deal to fund $360M renovation, expansion of...
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.
View ArticleLegislation provides CIB badly needed cash infusion
Legislation that will help fund a renovation of Bankers Life Fieldhouse will do much more: It will bail out the Capital Improvement Board, which is headed for insolvency without the additional revenue.
View ArticleLawmakers 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...
View ArticleLawmakers 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...
View ArticleAmid tensions, plans for Hilton hotel towers on Pan Am Plaza advance
A powerful group of hoteliers that opposes a proposal to build a pair of hotels on Pan Am Plaza scored a victory in the Legislature. But the plan to construct the project remains very much alive.
View ArticleIBJ 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.
View ArticleCity 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...
View ArticleAndrew Mallon chosen as first new CIB director in 28 years
Andrew Mallon, corporation counsel for the city of Indianapolis, was approved Friday morning as executive director of the Capital Improvement Board, replacing longtime leader Barney Levengood.
View ArticleCity-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.
View ArticleCouncil OKs proposals to help fund CIB's 25-year plan
The Indianapolis City-County Council on Monday overwhelmingly approved proposals to help fund the Capital Improvement Board’s long-term strategic plan, including chipping in $270 million to help fund a...
View ArticleCIB 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.
View ArticleNew CIB leader Andy Mallon is mix of ‘bulldog,’ ‘cool head’
The 43-year-old Indianapolis native will have to carry out a slate of calculated moves designed to give the quasi-government agency a more sound financial future, including a 25-year vision.
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