City Helps Plug Natatorium Funding LeaksPosted: Updated:
The Capital Improvement Board in Indianapolis has approved $5 million to help pay for ongoing maintenance of the IUPUI Natatorium. Our partners at WTHR-TV report the money will be broken into annual payments of $500,000 over 10 years. The city's $5 million will be added to $10 million commitments from each Indiana University and the Lilly Endowment.
Indianapolis has committed $10 million on street and infrastructure improvements around the IUPUI campus.
CIB President Ann Lathrop says the city will get back "half a million to $800,000" in direct tax revenue."
The two no votes were cast by CIB board members Doug Brown and City-County Council President Maggie Lewis.
Source: WTHR-TV and Inside INdiana Business