Friday, April 16, 2010

Indiana Pacers Bailout Talks Continue

Link to April 16 IndyStar article, "CIB might take over Conseco Fieldhouse.  Move by board would take $15.4M in operating costs out of Pacers' hands".

Excerpt:  It's not entirely clear how the CIB, which has faced its own financial struggles and is funded primarily by tax dollars, would pay for it.

Negotiations between Indianapolis and the team have been ongoing for months. Although city leaders have said they want to keep the Pacers in town, they have been quiet about their specific intentions.

Some criticized the potential deal as a taxpayer bailout for Herb Simon, the team's billionaire owner. Simon cited the Pacers' $200 million in losses when he first asked the city for help paying for Conseco's operations last spring
.  [Emphasis added.]

Indianapolis officials, here's the contact info you need.

Related articles:
Postscript.  (4/15/2010)
Look what's at the top of Indianapolis's to-do list.  (4/14/2010)
A Challenge to Indianapolis-Marion County:  Stand Up for Libraries.  (4/13/2010)
Library rally caps?  Get real, sez IndyStar editorial.  (4/12/2010)
Will Indianapolis rally for its libraries?  (4/12/2010)
Library considers branch closings.  (4/9/2010)

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