Franchises

DOES INDY HAVE THE CORPORATE/BUSINESS BASE TO BACK COLTS?

10.28.1997

          Corporate support of the Colts in Indianapolis was
     examined by Sean Horgan of the INDIANAPOLIS STAR-NEWS. 
     While the corporate community "is one of the essential
     elements in the only plan that can keep the Colts" in Indy,
     Horgan wondered "whether the corporate community is wealthy
     enough to uphold a huge financial commitment over the long
     haul."  Local companies are being asked to back the Colts at
     the same time they are being asked to make "substantial
     financial commitments to premium seating in the Pacers new
     arena."  Emmis Broadcasting Chair & CEO and former Mariners
     Owner Jeff Smulyan: "This is probably the most committed
     corporate community you will find in America on a per-capita
     basis."  But Horgan noted that IN "boasts corporate
     headquarters for six Fortune 500 companies -- five in the
     Indianapolis area."  In comparison, New York City has 46,
     Chicago has 15, Atlanta and Philadelphia each have 10, while
     Dallas, Pittsburgh and St. Louis have nine Fortune 500
     companies (INDIANAPOLIS STAR-NEWS, 10/25).

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