SEVERE WX : Flood Warning View Alerts
CLOSINGS: View Closings

Indiana governor signs stadium, Pacers arena subsidy plan

The dedication of nearly $400 million in public subsidies toward two Indianapolis sports stadium projects has been signed into law.

Posted: Apr. 30, 2019 2:49 PM

INDIANAPOLIS (AP) — The dedication of nearly $400 million in public subsidies toward two Indianapolis sports stadium projects has been signed into law.

Indiana Gov. Eric Holcomb's office says he signed the bill Monday setting up financing plans for renovation of the Indiana Pacers' arena and construction of a new soccer stadium.

The Pacers agreed to stay in Indianapolis for 25 more years as part of a deal directing $270 million to the Bankers Life Fieldhouse project from the state and local income and sales taxes generated by several nearby hotels — diverting that money from the state, city and local schools.

The plan sets up a similar tax subsidy district toward 80% of the Indy Eleven soccer team's proposed $150 million stadium.

Holcomb says the projects will boost the Indianapolis area.

Article Comments

West Lafayette
Clear
62° wxIcon
Hi: 77° Lo: 58°
Feels Like: 62°
Kokomo
Clear
65° wxIcon
Hi: 78° Lo: 57°
Feels Like: 65°
Rensselaer
Clear
63° wxIcon
Hi: 75° Lo: 55°
Feels Like: 63°
Fowler
Clear
63° wxIcon
Hi: 76° Lo: 57°
Feels Like: 63°
Williamsport
Clear
66° wxIcon
Hi: 80° Lo: 59°
Feels Like: 66°
Crawfordsville
Clear
64° wxIcon
Hi: 80° Lo: 61°
Feels Like: 64°
Frankfort
Clear
67° wxIcon
Hi: 79° Lo: 58°
Feels Like: 67°
Delphi
Clear
60° wxIcon
Hi: 79° Lo: 56°
Feels Like: 60°
Monticello
Clear
60° wxIcon
Hi: 79° Lo: 56°
Feels Like: 60°
Logansport
Clear
64° wxIcon
Hi: 78° Lo: 56°
Feels Like: 64°
Isolated storms Friday.
WLFI Radar
WLFI Temps
WLFI Planner

Community Events