June 02, 2005
A billion here, $48 million there
Once again, Yogi Berra had it right: The all-but-finalized Indianapolis Colts stadium project has hit an unexpected new bump in the road. While more than $1 billion has now been allocated for the stadium and accompanying convention center expansion, it's still facing a $48 million shortfall, to repay the Colts' fee for breaking their current lease. Neither the city nor the state wants to be the one to pay this fee; a Colts attorney would only say: "I know we're going to get the $48 million. Who's going to be signing the check is something the city and state are going to have to work out."
Posted by Neil deMause
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