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New Colts Stadium Plan Adds Slots At Horse Tracks
Published January 5, 2005
Indiana state Rep. Luke Messer Tuesday announced his own financial plan to help keep the Colts in Indianapolis by “adding 5,000 slot machines all at the state's two horse tracks, but none Downtown,” according to Michele McNeil of the INDIANAPOLIS STAR. The legislation would add 2,500 slots each at Hoosier Park and Indiana Downs, with $30M in “annual gambling proceeds for the city and even more for the state.” The proposal would give Indianapolis a “cut of the money, but one that falls $16[M] a year short” of Indianapolis Mayor Bart Peterson's request for $46M per year to finance a new $500M retractable-roof stadium. Messer, who indicated that he is “open to a casino in Indianapolis,” said his plan “limits the expansion of gambling. But my bill won't be the last version. In the end, it will likely look much different.” Messer: “We're hopeful this is a good start towards getting the Colts the funding they need” (INDIANAPOLIS STAR, 1/5).