An Indiana House committee has approved a bill involving a proposed $82 million multi-use stadium in downtown Indianapolis. The full House is expected to consider the amended bill as early as this week. The legislation would allow admissions tax from events at the facility to help fund the project. Under the proposal, user-generated revenue could be set aside annually for 390 years. It passed by a vote of 20-3.
Indy Eleven president Peter Wilt says the 18,500-seat stadium would be home to more than 30 other sports and entertainment events per year.
The team has created a website with more details on the proposal.
You can view the full bill authored by State Representative Todd Huston (R-37) by clicking here.
Sources: Indiana Statehouse, Indy Eleven Professional Soccer