Field of Schemes
sports stadium news and analysis

  

August 25, 2004

Indy end run?

Perhaps taking a page from the New York Jets' playbook, the mayor of Indianapolis has asked the quasi-public Capital Improvement Board of Managers to explore building a new Colts stadium that, combined with an expansion of the city's convention center, would cost an estimated $700 million. The CIB, notes the Indianapolis Star, has the power to collect taxes, sell bonds, and condemn property, but "because the board is a municipal corporation, it can get things done much faster - without having every decision subject to a vote of elected officials." Because, you know, letting elected officials vote on government actions is positively un-American.

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