Quote:
Originally Posted by GirlySports
The fieldhouse cost 180 million to build. All by the city with the I Indiana Pacers as tenants.
Lucas Oil Stadium cost 700 million to build with the city 600 millio and the Colts 100 million. City raised food, beer and hotel taxes. Also a 2% ticket tax. Also sold Colts license plates and Lucas Oil naming is 120 million over 20 years.
It may sound steep but that land was nothing before. It revitaluzed downtown. In America there are more big events to host. NCAA tounament games., NCAA Big 10 Championship plus Pacers and Colts games.
It also was not done all in one shot. Fieldhouse in 1999 and stadium 10 years later.
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That is the grossest arena deal for any taxpayer I have ever seen. There is no way in H E double hockey sticks I would ever consider that a wind.
The City of Indianapolis could have revitalized downtown in several different ways with the 800 million they spent!