April 13, 2005
Colts plan hitting snags
The latest incarnation of the Indianapolis Colts stadium-funding bill looks to be running into some trouble of its own. The president of the Indianapolis City-County Council is threatening to kill the deal if Gov. Mitch Daniels insists on the project being controlled by the state, not the city: "The council is going to be in a position of voting for five tax increases, but we're not going to control the governing authority. To me, that's a deal breaker." And it turns out that the Colts still haven't agreed to two elements of Daniels' plan: a $3-per-ticket tax, and the use of revenues from non-football events to help pay stadium bonds. "Essentially," explained Capitol Improvements Board President Fred Glass, "there is a $6 million [per year] gap in money needed to fund this project."
