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The Colts' Response: Capital Improvement Board's (CIB) Bailout

The Indianapolis Colts have responded to the growing concerns about the Capital Improvement Board's (CIB) annual deficit. In their official statement, the Colts claim that a recent Indianapolis Star story is inaccurate in explaining what the Colts have contributed financially to the CIB and the cost of operating Lucas Oil Stadium.

This is no doubt a response to an Indiana Senate committee recently OK-ing a bill that would force the Colts to "pony up" $5 million to the CIB each year to help pay off the operating deficit; no small amount even for a professional sports team. Judging by the Colts.com article, the Colts aren't going to take this without a fight. The city envisions this one way, and the Colts another. This leads into my poll today:

Poll
How should the CIB's deficit be paid off?
A food and beverage tax
4 votes
A hotel and rental car tax
15 votes
Direct payments from the Colts and Pacers
19 votes
A new Downtown casino
53 votes
a Colts/Pacers tickets/concessions tax
14 votes
An increase in the sales tax
4 votes
A combination of the above (please specify in comments)
10 votes
None of the above (please specify in comments)
7 votes

126 votes | Poll has closed

This is a FanPost and does not necessarily reflect the views of Stampede Blue's writers or editors. It does reflect the views of this particular fan though, which is as important as the views of Stampede Blue's writers or editors.

1 recs  |  Comment 11 comments

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Well,

That didn’t go so badly for my first FanPost!

by Cassieper on Apr 2, 2009 11:30 PM EDT reply actions   0 recs

interesting and timely, well done

"If you don't [draft me], I promise you I'll come back and kick your ass for the next 15 years."

by psvirsky on Apr 3, 2009 6:29 AM EDT up reply actions   0 recs

Not bad

Your first FanPost just made the front page. :)

SB Nation's Indianapolis Colts blogger at Stampede Blue. Please make an account and post a diary, add some comments, and make some noise. Accounts are free, and only require an email address.

by BigBlueShoe on Apr 2, 2009 11:34 PM EDT reply actions   0 recs

see me giving DZ credit over you for the Gardner joke was a good thing

it got you to join and comment over here instead of only commenting on 18to88.

I got Summer hatin' on me cuz I'm hotter than the sun. Spring hatin' on me cuz I ain't never sprung
Winter hatin' on me cuz I'm colder than Y'all. And I will never, I will never, I will never Fall.
-Lil Wayne, Mr. Carter

by shake n bake on Apr 2, 2009 11:56 PM EDT up reply actions   0 recs

True...

I had been considering joining here for a while, but your miscredit pushed me over the top.

I also comment sporadically on Indy Football Report and regularly on Phil B’s blog during the season.

Escape from my opinions is futile!

by Cassieper on Apr 3, 2009 12:06 AM EDT up reply actions   0 recs

Casino

With the slight lead.

I would like to know those that have voted Casino if you feel that the good (bringing in needed revenue) in fact outweighs the bad. The problem with Casino’s is that it doesn’t fit with Indy’s downtown family atmosphere that the city has tried so hard to create AND it studies have shown that these things only take money from those that desperately need it the most….the poor and middle class.

I will share my stance with all…

I love the Colts… I give them my hard earned money through season ticket, concession, apparel, and countless purchases…but enough is enough… the Colts and Pacers must pony up some sort of dough to keep showbusiness going.

by Levante on Apr 3, 2009 12:09 AM EDT reply actions   0 recs

Casinos

Are given a bad rap, but the taxes and public funding created by them give millions back to the communities they serve. IMO, a casino wouldn’t be much different than the current Hoosier Lottery system from a moral standpoint. People can freely choose whether to walk inside and gamble, walk inside and watch others gamble, or stay away; just as they can choose whether or not to buy a lottery ticket or 100 lottery tickets. No one is forced to become a gambling addict, just as no one is forced to become addicted to smoking, alcohol, porn, etc. Besides, illegal gambling is happening all over the city, state and country anyways so it is actually a good business opportunity for the state to get some tax money out of it.

by AceOfSpades on Apr 3, 2009 9:35 PM EDT up reply actions   0 recs

Fair point

I have no horse in this race, not being an Indiana native, but the distinction between a state lottery and a casino license is a pretty fine one.

Food for thought.

by eltharion_doa on Apr 4, 2009 10:57 PM EDT up reply actions   0 recs

combination

As a Seattlite who had the “yokels in the sticks” vote for two publicly-funded stadia (one of which was a gift at the time to the world’s second-wealthiest man), I was not too happy. But I find I am not terribly affected as far as I know since the taxes are generally downtown specific—parking, taxis, car rental, hotels, etc. I work downtown so sometimes I am hit (company picks up the parking tab… for now). It seems fair to me. Of course when I DO go to events, damn, that $20 parking can be painful. Luckily there are generally car-pool discounts at things like the boat show and I usually take my kids—they’re paying their own way already!

So I’d combine what’d I’d categorize as user/tourist taxes for downtown sporting events/conventions, etc. hotel, taxi, car rental, and concession taxes. Let those who use it and presumably voted for it (?) foot most of the bill.

Just my $0.02 from 1,500 miles west. We’re still trying to scrape together about $15B to expand a bridge and replace some unsightly elevated highway damaged in a 2001 quake. Traffic’s bad here—they plan to add lanes to one bridge to ease traffic, but ironically toll booths would slow it right back down. Ah sweet irony.

I hate Joe Namath. That's how long I've been a Colts fan.

by Bobman on Apr 3, 2009 3:27 AM EDT reply actions   0 recs

Can't we just have Peyton pay for the whole deficit himself?

"If you don't [draft me], I promise you I'll come back and kick your ass for the next 15 years."

by psvirsky on Apr 3, 2009 6:31 AM EDT reply actions   0 recs

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