WEBVTT

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PROGRAMMING AND SCHOLARSHIPS.

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OUR OTHER BIG STORY WE ARE
FOLLOWING THIS WEEK INVOLVES THE
PACERS AND THE FEVER AND BANKERS
LIFE FIELDHOUSE.

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PACERS SPORTS & ENTERTAINMENT
AND THE CAPITAL IMPROVEMENT
BOARD HAVE REACHED AN AGREEMENT
THAT KEEPS BOTH TEAMS IN INDIANA

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FOR THE LONG TERM AND ALLOWS FOR
POTENTIAL SIGNIFICANT UPGRADES
TO BANKERS LIFE FIELDHOUSE,
AMONG OTHER THINGS.

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HERE NOW TO EXPLAIN WHY THIS NEW
AGREEMENT IS IMPORTANT AND WHAT
IT COULD MEAN FOR THE CITY AND
THE STATE ARE

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PACERS SPORTS AND ENTERTAINMENT
PRESIDENT AND C.O.O. RICK FUSON
AND CAPITAL IMPROVEMENT BOARD
PRESIDENT MELINA KENNEDY.

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WELCOME TO THE PROGRAM.
>> THANKS.
>> THIS IS A STORY THAT HAS BEEN
BREWING FOR SOME TIME NOW AND OF

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GREAT INTEREST IN INDIANAPOLIS
AND AROUND THE STATE AS WELL.
MELINA, AS YOU LOOK AT THIS
DEAL, A LONG TERM DEAL, 25-YEAR

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DEAL THAT WILL KEEP THE PACERS
AND THE FEVER HERE, TALK ABOUT
THE PARTICULARS OF THE DEAL.
>> IT'S REALLY EXCITING.

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A 25-YEAR COMMIT TOMENT CONTINUE
TO STRONG ECONOMIC IMPACT THAT
THE PACERS AND FEVER HAVE
BROUGHT TO THE STATE AND THE

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CITY FOR YEARS IS HUGE.
WHAT'S IMPORTANT IS IT'S A
25-YEAR DEAL.
IT WILL INVOLVE REFRESHING

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BANKERS LIFE FIELDHOUSE, WHICH
IS REALLY IMPORTANT BECAUSE
WHILE THE PACERS AND THE FEVER
PLAY THERE, WHICH IS HUGE, BOTH

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IN ECONOMIC IMPACT, WE HAVE OVER
500 OTHER EEFNTH
EVENTS THE.
IT'S A 25-YEAR DEAL, NO NEW

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TAXES OR NEW FEES THANKS TO THE
BIPARTISAN SUPPORT OF THE
LEGISLATURE, OTHER LEGISLATION
HELPED SUPPORT IT.

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>> 36
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$360 MILLION OVERAE
DEAL.

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HOW DOES THAT BREAK DOWN?
>> THAT'S ANOTHER REALLY
POSITIVE ASPECT OF THE DEAL.
$360 MILLION REFRESH OF THE

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EXISTING BUILDING.
PACERS IMPORTANTLY ARE PUTTING
IN $65 MILLION, WE REALLY
APPRECIATE THE COMMITMENT OF THE

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PACERS AND MR. SIMON BUT THE
STATE AND THE CITY HAVE ALSO
CONTRIBUTED AS WELL.
>> RICK, I WANT TO TALK ABOUT

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THESE IMPROVEMENTS.
BECAUSE THESE ARE RATHER
DRAMATIC AND PEOPLE WILL NOTICE
ONCE THEY ARE COMPLETE.

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TALK ABOUT WHAT'S PLANNED FOR
BANKERS LIFE INSIDE AND ALSO
OUTSIDE.
>> SURE, LET ME JUST FIRST SAY

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ON BEHALF OF HERB SIGH
SIMONE
SIMON FAMILY HOW IMPORTANT IT IS
FOR THEM TO KEEP THE PACERS IN

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INDIANA.
THEY'VE WISHED FOR NOTHING ELSE
FOR SO LONG, AND THIS NEW DEAL
WITH OR FRIENDS, PARTNERS AT THE

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CIB WITH HELP FROM THE STATE AND
THE CITY MAKES THAT POSSIBLE.
MAKES IT POSSIBLE FOR US TO BE
HERE FOR ANOTHER 25 YEARS.

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THERE'S NOTHING MORE IMPORTANT
THAN THAT TO HERB AND HIS
FAMILY.
BUT THE IMPROVEMENTS, WE'VE GOT

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TO REMAIN COMPETITIVE.
AND AS WE SEE THEY WERE LOOKING
AT A PLAZA ON THE NORTH END,
IT'S GOING TO BE A REALLY NEW

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GATHERING SPACE FOR DOWNTOWN.
SO MANY OF THE NEW BUILDINGS WE
SEE, YOU'LL EVEN SEE A SKATING
RINK WHICH WE THINK WILL BRING

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MORE PEOPLE DOWNTOWN EVEN IF
THEY'RE NOT COMING TO A PACER
GAME OR ANOTHER EEFNTD, AND THE
BALCONY, WE'RE GOING TO BE

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TAKING EIGHT ROWS OFF OF EACH
SIDE AND MAKING MORE AREAS FOR
PEOPLE TO STAND TO GATHER.
AS WE'VE DONE FOCUS GROUPS,

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WE'VE HEARD FROM FOLKS THAT THEY
WANT MORE OFFERINGS AND
ESPECIALLY MORE AREAS TO BE WITH
THEIR FRIENDS WHERE THEY'RE NOT

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JUST CONFINED TO A SEAT.
>> YOU FEEL AS THOUGH THIS CAN
HAVE AN IMPACT BEYOND THE
IMMEDIACY RIGHT THERE OF BANKERS

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LIFE BUT THE NEAR EASE SIDE OF
INDIANAPOLIS.
>> WHEN YOU COME FROM LUCAS OIL
STADIUM THROUGH THE CONVENTION

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CENTER UP THE THREE BLOCKS OF
GEORGIA STREET TO THE REDONE
BANKERS LIFE FIELDHOUSE LOOKING
THROUGH THE TRANSLUCENCY OF THE

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NEW LOOK INTO MARYLAND STREET
NOW INTO WHERE THE JAIL SITE IS,
THEN TO CAN YOU MIBS, THEN
W

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OFFERINGS OF THE NEAR EAST SIDE
ON THE NORTH, BUT IT'S JUST
GREAT, I THINK IT WILL REALLY
EVEN MAKE OUR DOWNTOWN MORE

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WALKABLE, MORE FRIENDLY FOR ALL
THE CONVENTIONS AND EVENTS WE
HAVE.
>> MELINA, IF YOU LOOK AT NOT

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ONLY PACERS FEVER BUT THE
STADIUM AS WELL AS TWO NEW
HOTELS PART OF THAT STATUS.
>> THE OVERALL VISION IS TO

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CONTINUE THE ECONOMIC IMPACT OF
A BILLION DOLLARS A YEAR THAT
WE'VE HAD ON THE STATE AND THE
CITY SO THIS IS ONE PIECE TV IT.

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THE CONVENTION BUSINESS IS HUGE,
KEEPING OUR GEN C ON, TALKING TO
OUR CUSTOMERS, HAVING MORE HOTEL
AND CONVENTION SPACE IS A

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CRITICAL PIECE SO AS WE CONTINUE
TO TRY TO HAVE THIS BILLION
DOLLAR PLUS EVERY YEAR ECONOMIC
IMPACT BY THE CIB, A BIG PIECE

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OF IT OF COURSE IS THE BANKERS
FIELDHOUSE AND THE PACERS AND
THIS PARTICULAR 25-YEAR DEAL
WILL HAVE A $13 BILLION ECONOMIC

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IMPACT ON THE STATE WHICH IS
HUGE.
>> AND THE CITY WILL ESSENTIALLY
TAKE OVER THE HOTEL PIECE, THOSE

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WILL BE BUILT THERE.
>> CORRECT.
>> RICK, AS WE WRAP UP,
TIMETABLE ON THE IMPROVEMENTS.

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>> WE'RE ON THE PROCESS NOW OF
ACQUIRING LAND, ACQUIRING A
PARKING GARAGE, NEXT SPRING
WE'LL START CONSTRUCTION, WE'LL

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BE CLOSED FOR THE SUMMER OF
'21 AND SUMMER OF '22 AND FINISH
IN '22 AND THE SUMMER OF '20 AS
WELL AND HAVE IT DONE SOMETIME