Where is conseco fieldhouse located

In the event that we're not able to address the issues, you have to look at all your options, but Herb has never threatened to move the team, and it's not a matter of leverage; it's a matter of trying to find a way to make this work.

CIB President Ann Lathrop did not offer a time line to reach a deal with the Pacers but said that discussions were ongoing and that "there's definitely been progress. But Lathrop said that new money has just started to trickle in, and its tax revenues continue to be affected by a slumping economy.

Under the current lease, the Pacers pay for the operating costs of Conseco, while the CIB is responsible for larger capital improvement projects.

The team, in turn, keeps revenue from basketball games and other events at the fieldhouse. While Morris and Lathrop declined to detail any snags in the negotiations, snags could hinge on more than operating costs. For example, the Pacers are pressing the CIB to install a new scoreboard, floors, furniture, kitchen equipment, wireless Internet and other amenities.

Morris said would cost "a good many millions of dollars" over the next several years. Okeson is handling the city's negotiations as a member of the Capital Improvement Board, which oversees the city's sports venues.

The statement comes as the Pacers say they need help in boosting revenues and, if other options fail, the team might be forced to move. It's not entirely clear how the CIB, which has faced its own financial struggles and is funded primarily by tax dollars, would pay for operating costs. If the city took over, the money would likely come from tax dollars. Negotiations between Indianapolis and the team have been ongoing for months.

Although city leaders have said they want to keep the Pacers in town, they have been quiet about their specific intentions. City officials emphasize they would not be writing the Pacers a check. Under the contract, the Pacers pay for the operating costs of Conseco, while the CIB is responsible for larger capital improvement projects.

The team, in turn, keeps revenue from basketball games and other events at Conseco. It's possible, Okeson said, that even if the city assumed the operating costs at Conseco, the Pacers still might receive revenue from concerts and other events there. Okeson said the CIB will remain open to other options while the board figures out ways it could pay the extra operating cost with its funds, which come from taxes on things such as hotels, food and beverages, cigarettes and auto rentals.

Although the CIB can't sustain all of the reductions, members say they're looking for other efficiencies in areas such as energy costs and parking contracts to provide more savings. CIB President Ann Lathrop said those savings, coupled with increased revenue from the state-approved measures last year, would help the board if it took on the expense of operating Conseco. The board also hopes it could save on the cost of running the fieldhouse, as well as Lucas Oil Stadium and the Indiana Convention Center, by combining their operations.

The Capital Improvement Board, which oversees Conseco Fieldhouse, and the Pacers have been engaged in negotiations for months, centering on the NBA franchise's insistence that it no longer can afford to pay the operating expenses for its home arena.

The study, aimed at assessing the Pacers' influence on the city's economy, came as those negotiations have reached a critical stage. Owner Herb Simon and the team's top brass are pressing for a deal by June 30 or could begin considering all options - including moving the team to a new city. During the first 10 years of the Pacers' year lease with the city, the team has paid for operating expenses at the fieldhouse, but the team now is utilizing a window halfway through the lease that allows it to renegotiate terms.

The study also found the city had much more to lose than the cost of running the building and the loss of taxes. Hunden said the study accounted for some of that spending being redistributed to other entertainment options. However, he said, the fact remains that the money the Pacers spend on its employees, the employees, in turn, spend locally.

Plus, he said, 60 percent of those who attend Pacers games come from outside Marion County and likely would spend a lot more of their entertainment dollars closer to home should the team leave.

According to the study, the Pacers' presence directly affects the equivalent of full-time jobs and an additional supported by spinoff spending in the economy, for a total of jobs.

The Pacers have said they would like a decision by June 30, but the CIB may not choose to honor that deadline. The CIB, however, has the benefit of new tax revenue that has begun to trickle in, thanks to approval of an increase in the city's hotel tax and an expansion of its professional sports taxing district by the state legislature and City-County Council. So would the CIB have enough to pay for a new deal for the Pacers? We're continuing to look at our budget. We have worked to continue to keep costs down, and that's how we'd continue to look at it," Lathrop said.

No decisions have been made about a new name or a timeline. The team set the deadline last year when it said it could no longer cover the costs of operating the venue. With highways nearby, it was absolutely easy to get out of the downtown area after the game. Food is priced right about where you would expect, and pricing is a bargain. Overall, the Conseco Fieldhouse experience is well worth it for what you pay. The retro modern feel is unique for an NBA venue. The basketball history lesson found throughout the concourses is worth an extra point in my book, as do the fantastic seats, and wonderful neighborhood.

Enjoy our content? Join our newsletter to get the latest in sports news delivered straight to your inbox! Construction began in July and was completed two years later. Pennsylvania St. Originally known as Conseco Fieldhouse, the Pacers played their first game at the arena on November 6, winning against the Boston Celtics.

More information can be found here. Toggle navigation Login Register Cart 0 items. Your location: World North America U. Indiana Indianapolis Bankers Life Fieldhouse.

Preview PDF public version. Direct download of the public profile for Bankers Life Fieldhouse. See all publicly available data fields. Miss out on additional information about building data as well as involved companies and their contact information. Direct download of the full building profile for Bankers Life Fieldhouse. See additional building data as well as involved companies and their contact information.