Speaking of crazy-ass subsidy demands, what’s up with that push for stadium subsidies by the soccer team that claims it’s going to join MLS even though it hasn’t even started minor-league play yet, the one whose owner is projecting $5 million a year in ticket taxes in a sport whose teams average about $8 million a year in ticket sales, your very own Indy Eleven? This is Indiana, people, so of course it’s going gangbusters:
The House Ways and Means Committee voted 18-2 Thursday afternoon in favor of a bill that would facilitate a new downtown soccer stadium for Indy Eleven.
The vote came without discussion, but Chairman Tim Brown amended it in a way that he said will give the Senate a chance to weigh in on the proposal.
The bad news for Indy Eleven owner Ersal Ozdemir, such that it is, is that the bill only raises the Indianapolis Capital Improvement Board’s debt limit by $2 million, which 1) doesn’t actually provide Ozdemir with any money just yet, though the CIB could presumably hand it over without asking the legislature and then turn around and say, “Sorry, out of cash, need more,” like it has in the past, and 2) isn’t enough to pay for the $87 million stadium that Ozdemir says he wants. (He’s asking for $5 million a year from the state.) So, a potential IOU for $2 million passing almost unanimously with no disucssion? That’s a nice haul for a team whose only claim to fame so far is that 7,000 people have put down $25 deposits for season tickets. Clearly I should get out of this whole web journalism business and start up a minor-league soccer franchise … though on second thought, that’s more of a Shelbyville idea.