Stadium Proposal to Hit House Committee

A bill involving funding for a proposed $82 million soccer and multi-use stadium is set to go before the House Ways and Means Committee Monday. Last year, a more costly measure was dropped before reaching the House floor. The legislation would use admissions tax from events at the facility to help fund the proposed stadium. Indy Eleven Professional soccer is behind the push and released renderings of the 18,500-seat venue.

Team President Peter Wilt believes the “sports and cultural venue” could attract new people to the city.

Under HB 1273, up to $5 million in user-generated revenue could be set aside annually. That total would decrease over the 30 years of the legislation.

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Source: Inside INdiana Business