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SBD/Issue 138/Facilities & Venues
CIB Says If Bailout Bill Isn't Reached, Lucas Oil Stadium May Close
Published April 6, 2009
|Bailout Bill Would Increase Tax On Lucas Oil
Stadium Tickets From 6% To 10%
ON THE MONEY: In Indianapolis, Bob Kravitz wrote, "Before we even think about another tax to make up that reported $47[M] shortfall, an independent auditor must be brought in to look at the books. I want that person to tell the public what happened to the money." If the Colts are "going to be asked to kick in money to save the CIB, they should then receive the option the Pacers got: After 10 years, they should have the right to renegotiate the lease." The Pacers are getting a $15M "helping hand from the CIB to operate the fieldhouse, so it seems to me they should be more willing to kick in the" $5M (INDIANAPOLIS STAR, 4/5).