June 28, 2005
County says no to Colts tax
The $687 million Indianapolis Colts stadium project hit its first speed bump in a while yesterday, as Morgan County became the first Indy-area county to vote down a 1% food-and-beverage tax to help subsidize the Colts' new home. (All seven other area counties have approved the tax.) While stadium boosters had previously said all counties would need to participate in the tax in order for the stadium to go through, they changed their tune in the wake of the Morgan County defeat: Stadium authority chair David Frick said this "is not going to be the death blow. ... It's going to make the financing clearly tighter, and we'll just have to figure out how much tighter."
Posted by Neil deMause
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