SIMONS SAY THEY WILL GIVE MORE FUNDS TO PACERS ARENA

          With a new arena "closer to reality," Pacers Owners
     Melvin and Herb Simon have agreed to advance an additional
     $600,000 to continue design and architectural work on the
     project, according to Kathleen Johnston of the INDIANAPOLIS
     STAR-NEWS.  The Capital Improvement Board, which overseas
     the city's sports venues, is "expected" to accept the new
     design money when it meets today.  The Simons advanced the
     board $1.4M in January to begin work on the arena project
     (INDIANAPOLIS STAR-NEWS, 4/30).
          TAX TALK: Also in Indianapolis, the City-County Council
     "appears ready" to approve a package of tax increases
     proposed by Mayor Stephen Goldsmith.  Goldsmith wants to
     raise the hotel-motel and auto rental taxes to pay for a
     $40M expansion of the Indiana Convention Center and a
     possible remodeling of the RCA Dome (STAR-NEWS, 4/30).