House Committee Approves CIB Bill With Major Change

Posted: Updated:
The bill now moves to the Senate Appropriations Committee. The bill now moves to the Senate Appropriations Committee.

The House Ways and Means Committee has approved a bill that would create a new soccer stadium in Indianapolis, with one major exception. Our partners at WIBC report the committee Monday removed the requirement that Indy Eleven receive a Major League Soccer franchise before the stadium could be built.

The Indy Eleven is currently a part of the United Soccer League and recently-proposed plans for a new stadium as part of the overall $550 million Eleven Park development. Senate Bill 7 would create a sports development area to capture taxes to help fund the facility, which would be owned by the Capital Improvement Board in Indianapolis. 

Representative Todd Huston (R-Fishers), who co-chairs the committee, said Monday that Major League Soccer wants to see stadiums in progress before granting expansion teams, according to WIBC. The version of SB 7 passed by the Senate earlier this year required the Indy Eleven to secure an MLS franchise in order to receive a new stadium. 

Senate Bill 7 also allows for renovations of Bankers Life Fieldhouse and extends the Indiana Pacers' lease at the arena. However, the committee removed a provision that would provide funding for two new Hilton hotels in downtown Indy as part of a $120 million expansion of the Indiana Convention Center. Huston said other funding options from the city would be available, according to the station.

Taylor Schaffer, deputy chief of staff for Indianapolis Mayor Joe Hogsett, released a statement following Monday's vote:

Today's display of unanimous support for Senate Bill 7 is another productive step forward toward a taxpayer-friendly vision for long-term funding of these critical assets. The Capital Improvement Board's facilities are an economic engine for our city and our state, and Mayor Joe Hogsett applauds the continued work of the Indiana General Assembly as we move closer to preserving the progress we've made over the last five decades without a single tax or fee increase on Hoosier taxpayers.

The bill now heads to the full House for consideration.

  • Perspectives

    • Why Blogging Without Rules Produces the Best Content

      I spend a lot of time talking with people about what makes writing good. Depending on who you ask, good writing might be exciting and illustrative. It might be simple and efficient. If you ask someone who works in marketing, good writing translates to whatever helps a marketing strategy generate more leads, or more sales, or more of whatever a business is looking to gain. Though I fully respect and agree with this results-oriented perspective on content, in practice it can be...



Company Name:
Confirm Email:
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections


  • Most Popular Stories

    • The Honda Greensburg plant opened in 2008.

      Honda to Invest $4M, Add Jobs at Greensburg Plant

      The American Honda Motor Co. continues to invest in its Greensburg, Indiana plant as it has announced the factory will be producing the company’s first electrified sport utility vehicle in the U.S. The company says it will invest more than $4 million and add 34 new jobs in the plant to support production of the CR-V Hybrid.  

    • Socio received the Top-Rated Overall Culture award. (Provided Photo/Socio)

      Inaugural Tech Culture Award Winners Unveiled

      Indianapolis-based Powderkeg has unveiled the winners of the inaugural Indiana Breakout Tech Culture Awards. Eleven Hoosier tech companies received the honors based on survey rankings from the 2019 Tech Census, which focused specifically on tech cultures. Nearly 270 tech companies were nominated and the winners were selected from a group of 50 finalists. More than 1,300 individuals responded to the survey, which allowed employees to rate their companies and employers on...

    • (photo courtesy of The Times of Northwest Indiana)

      Valpo Mansion May Fall to Wrecking Ball

      A one-time mansion that once hosted dignitaries and politicians while they visited Valparaiso appears to be facing demolition, following years of decline and disrepair.  The stately mansion, known locally as the Brown home, maybe knocked down and replaced with condominiums, according to our partners at The Times of Northwest Indiana. 

    • Amanda Stephenson is the founder and president of Expert RN|MD. (Inside INdiana Business Photo/Mary-Rachel Redman)

      Medical Consulting Firm Opens Downtown Indy HQ

      A medical consulting startup is celebrating the grand opening of its new downtown Indianapolis headquarters. The Indiana Economic Development Corp. says Expert RN|MD, which provides medical consultation services to law firms and life science companies, is investing $1.7 million in the new location and plans to create up to 21 jobs by the end of 2023. The firm was founded in 2018 and recently renovated the 4,000-square-foot space in the downtown's Wholesale District. In an interview...

    • The person selected will fill the vacancy on the ballot left by Mike Pence.

      Vice President Pence to Visit Indy for Free-Trade Discussion

      Vice President Mike Pence will return to Indianapolis on Sept. 26 at an event to discuss the free trade agreement with Canada and Mexico. A panel will discuss the United States-Mexico-Canada Agreement, or USMCA, starting at 12:15 p.m. Sept. 26 at MacAllister Machinery, 6300 Southeastern Ave.