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Wednesday, April 24, 2024

Colts, Pacers not yet on board with stadium plan

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Executives of the Indianapolis Colts and Indiana Pacers have not yet agreed to make annual $5 million payments that are included in a proposal to help the financially strapped agency that runs the major Indianapolis sports stadiums.

The team payments would be added to money from a doubling of state alcohol taxes to rescue the Indianapolis Capital Improvement Board. The plan by Senate Tax Chairman Luke Kenley of Noblesville also has money from the state, the city of Indianapolis and higher ticket taxes.

Team officials told the committee Thursday that Kenley’s plan was a good starting point for negotiations.

Gov. Mitch Daniels also called the proposal a good start, but says the statewide alcohol tax increase could be changed as the bill moves through the Legislature.

A Senate committee could vote on the bill later Thursday.

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