Indianapolis May Hire Private Firm To Operate Sports Facilities
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Indianapolis Shopping For Firm To Operate
Lucas Oil Stadium, Indiana Convention Center |
Indianapolis is "investigating hiring a private firm to handle the financial headache of operating Lucas Oil Stadium and the Indiana Convention Center, and potentially Conseco Fieldhouse," according to a front-page piece by Schneider & Ruthhart of the INDIANAPOLIS STAR. The city has issued a "'request for information and qualifications,' shopping for a firm that thinks it can run the facilities cheaper and better than" the Capital Improvement Board (CIB). Indianapolis Mayor Greg Ballard's Chief of Staff, Paul Okeson, said that the result "could be private management of the facilities; private-management assistance to continued CIB management; or no change at all." The city's request "asks interested firms to respond by" Nov. 24. Depending on "what officials receive in that initial round, a formal 'request for proposal' -- in which companies could bid for management of the facilities -- would be issued by the city Dec. 7, with responses due Jan. 8." While the proposal "focuses on the Indiana Convention Center and Lucas Oil Stadium, which are managed by the CIB, it potentially could include Conseco Fieldhouse, which is operated" by the Pacers. The Pacers have told the city that the team "can't continue to cover" the building's $15M annual expense. Meanwhile, SMG, which runs Houston's Reliant Stadium and handles some operations for the city's convention center, conducted a review of the CIB and concluded that Indianapolis spent "nearly $13[M] more than Houston to run the similarly sized facilities" (INDIANAPOLIS STAR, 10/22). In Indianapolis, Peter Schnitzler noted the CIB "has struggled much of the past year to close a projected" $47M deficit for '10. The organization last week said that its financial situation "has been improving, but still needs much work" (IBJ.com, 10/21).
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