WEBVTT 00:00:03.036 --> 00:00:04.804 >> THE CAPITAL IMPROVEMENT 00:00:04.871 --> 00:00:05.972 BOARD'S MISSION IS TO FINANCE 00:00:06.039 --> 00:00:07.073 AND MANAGE CAPITAL IMPROVEMENT 00:00:07.140 --> 00:00:09.309 PROJECTS IN 00:00:09.376 --> 00:00:10.477 INDIANAPOLIS---INCLUDING THE 00:00:10.543 --> 00:00:12.312 CITY'S HIGH-PROFILE SPORTS AND 00:00:12.379 --> 00:00:15.248 CONVENTION VENUES. SO, WHAT'S 00:00:15.315 --> 00:00:15.849 NEXT FOR THE CIB AS IT FACES 00:00:15.915 --> 00:00:19.319 CHALLENGES BROUGHT ON BY THE 00:00:19.386 --> 00:00:19.786 PANDEMIC. 00:00:19.853 --> 00:00:20.353 IT'S ONE OF THE STORIES OUR 00:00:20.420 --> 00:00:21.421 PARTNERS AT THE IBJ ARE WORKING 00:00:21.488 --> 00:00:22.655 ON THIS WEEK. 00:00:22.722 --> 00:00:24.924 REPORTER MICKEY SHUEY IS ON THIS 00:00:24.991 --> 00:00:25.492 ONE. MICKEY, WELCOME TO THE 00:00:25.558 --> 00:00:26.860 SHOW. 00:00:26.926 --> 00:00:27.694 AS ALWAYS. 00:00:27.761 --> 00:00:30.397 GIVE US THE LOWDOWN, CAPITAL 00:00:30.463 --> 00:00:32.532 IMPROVEMENT BOARD, HIGH PROFILE 00:00:32.599 --> 00:00:33.666 ENTITY IN INDIANAPOLIS AND 00:00:33.733 --> 00:00:37.036 MARIAN COUNTY, VERY IMPORTANT 00:00:37.103 --> 00:00:38.004 ORGANIZATION. 00:00:38.071 --> 00:00:39.672 LIKE MANY REAL IMPACTING IN A 00:00:39.739 --> 00:00:41.441 BIG WAY BY THE PANDEMIC, THEY'VE 00:00:41.508 --> 00:00:43.209 HAD TO DIP INTO RESERVES TO MAKE 00:00:43.276 --> 00:00:43.643 IT THROUGH 00:00:43.710 --> 00:00:45.245 >> FIRST, THANK YOU FOR HAVING 00:00:45.311 --> 00:00:47.347 ME, GERRY, APPRECIATE THAT. 00:00:47.414 --> 00:00:48.214 >> SURE. 00:00:48.281 --> 00:00:51.351 >> CERTAINLY THE CIB IS REALLY 00:00:51.418 --> 00:00:53.319 THE BIGGEST DRIVER OF TOURISM IN 00:00:53.386 --> 00:00:55.155 MANY WAYS FOR THE CITY AND FOR 00:00:55.221 --> 00:00:56.489 THE STATE. 00:00:56.556 --> 00:00:58.792 SO THE FACT THAT THEY'VE HAD TO 00:00:58.858 --> 00:01:02.195 DIP INTO RESERVES WHILE ALARMING 00:01:02.262 --> 00:01:05.331 IS NOT UNEXPECTED. 00:01:05.398 --> 00:01:07.500 BECAUSE THEY HAVE HAD TO WEATHER 00:01:07.567 --> 00:01:09.669 A COUPLE YEARS WITH LOWER THAN 00:01:09.736 --> 00:01:12.338 TYPICAL NUMBERS FROM THE 00:01:12.405 --> 00:01:12.972 PANDEMIC. 00:01:13.039 --> 00:01:14.974 THEY DIPPED INTO THE RESERVES 00:01:15.041 --> 00:01:16.843 LAST YEAR BY ABOUT 20 MILLION, 00:01:16.910 --> 00:01:19.412 WHICH IS HALF OF WHAT THEY HAD 00:01:19.479 --> 00:01:21.047 ANTICIPATED DOING BACK IN 2021. 00:01:21.114 --> 00:01:22.782 AND THIS YEAR THEY'RE LOOKING AT 00:01:22.849 --> 00:01:25.585 DIPPING IN A BIT MORE. 00:01:25.652 --> 00:01:28.188 BUT THEY'RE ALSO IN A MUCH 00:01:28.254 --> 00:01:29.956 BETTER SPOT THAN THEY WERE 00:01:30.023 --> 00:01:33.059 EXPECTED TO BE AT THE START OF 00:01:33.126 --> 00:01:35.295 THE YEAR BECAUSE OF THE SUCCESS 00:01:35.361 --> 00:01:36.930 EVENTS LIKE THE NCAA MEN'S 00:01:36.996 --> 00:01:38.364 BASKETBALL TOURNAMENT IN 2021, 00:01:38.431 --> 00:01:42.469 ALONG WITH BIG EVENTS LIKE PRI, 00:01:42.535 --> 00:01:45.004 THE EXPO, AND FFA. 00:01:45.071 --> 00:01:47.340 SO THEY'RE REALLY IN AN 00:01:47.407 --> 00:01:48.341 INTERESTING SPOT RIGHT NOW 00:01:48.408 --> 00:01:48.675 FINANCIALLY. 00:01:48.741 --> 00:01:49.709 >> Gerry: YEAH, SO THE GOOD 00:01:49.776 --> 00:01:51.344 NEWS, THE POSITIVE, I GUESS, 00:01:51.411 --> 00:01:55.114 THOSE BIG EVENTS, MOST RECENTLY, 00:01:55.181 --> 00:01:56.516 THE COLLEGE FOOTBALL NATIONAL 00:01:56.583 --> 00:01:57.517 CHAMPIONSHIP HELPING THE 00:01:57.584 --> 00:01:57.784 SITUATION. 00:01:57.851 --> 00:02:00.086 I GUESS THE BIG QUESTION, WILL 00:02:00.153 --> 00:02:01.254 THEY NEED ADDITIONAL ASSISTANCE 00:02:01.321 --> 00:02:05.024 TO GET THROUGH 2022, 2023, AND 00:02:05.091 --> 00:02:09.295 THAT'S A QUESTION OUT ON THE 00:02:09.362 --> 00:02:09.529 TABLE. 00:02:09.596 --> 00:02:10.063 >> FOR SURE. 00:02:10.129 --> 00:02:11.831 CERTAINLY THE ANSWER TO THAT 00:02:11.898 --> 00:02:12.866 REMAINS TO BE SEEN. 00:02:12.932 --> 00:02:15.969 IT REALLY WILL BE ABOUT HOW 00:02:16.035 --> 00:02:23.343 STRONG THE CIB IS ABLE TO FINISH 00:02:23.409 --> 00:02:24.844 OUT THE REST OF THIS YEAR. 00:02:24.911 --> 00:02:33.720 THE NEXT...PLAYOFF FROM THE CIB 00:02:33.786 --> 00:02:34.287 STANDPOINT FOR AT LEAST A... 00:02:34.354 --> 00:02:35.421 MANAGED THROUGH THE NEXT COUPLE 00:02:35.488 --> 00:02:37.290 MONTHS WHERE THEY DON'T HAVE A 00:02:37.357 --> 00:02:39.359 LOT OF EVENTS GOING ON IS GOING 00:02:39.425 --> 00:02:40.059 TO BE IMPORTANT. 00:02:40.126 --> 00:02:43.963 AND THEN ONCE IT GETS TO THE END 00:02:44.030 --> 00:02:46.566 OF 2022, THE EXECUTIVE DIRECTOR 00:02:46.633 --> 00:02:49.102 OF THE CIB HAS TOLD ME THEY'LL 00:02:49.168 --> 00:02:50.703 HAVE A MUCH BETTER IDEA OF WHERE 00:02:50.770 --> 00:02:52.639 THEY'RE GOING TO BE HEADED, AND 00:02:52.705 --> 00:02:55.341 WHETHER THAT COULD INCLUDE GOING 00:02:55.408 --> 00:02:59.345 TO THE STATEHOUSE IN THE FUTURE. 00:02:59.412 --> 00:03:02.115 >> Gerry: AS THEY SAY, TIME WILL 00:03:02.181 --> 00:03:03.249 TELL, RIGHT? 00:03:03.316 --> 00:03:04.484 MICKEY SHUEY, "INDIANAPOLIS 00:03:04.551 --> 00:03:05.151 BUSINESS JOURNAL," A GREAT PIECE 00:03:05.218 --> 00:03:06.819 IN THIS WEEK'S PAPER, LOOK 00:03:06.886 --> 00:03:09.956 FORWARD TO READING IT, MICKEY, 00:03:10.023 --> 00:03:10.490 THANKS FOR JOINING US. 00:03:10.557 --> 00:03:11.958 >> THANK YOU FOR HAVING ME. 00:03:12.025 --> 00:03:12.926 >> ALL RIGHT. 00:03:12.992 --> 00:03:14.627 WELL, IN ADDITION TO MICKEY'S 00:03:14.694 --> 00:03:18.064 REPORT ON THE FUTURE OF THE CIB, 00:03:18.131 --> 00:03:18.731 THERE WILL BE ADDITIONAL STORIES 00:03:18.798 --> 00:03:21.367 THAT WE WANT TO KEEP AN EYE ON. 00:03:21.434 --> 00:03:24.337 AND THAT INCLUDES 2021'S MILLION 00:03:24.404 --> 00:03:26.472 DOLLAR DONATIONS TO INDIANA 00:03:26.539 --> 00:03:28.308 NON-PROFITS, INCLUDING COLLEGES, 00:03:28.374 --> 00:03:30.276 HOW DO THEY FARE DURING THE 00:03:30.343 --> 00:03:30.777 PANDEMIC. 00:03:30.843 --> 00:03:32.545 PLUS, THE STATE LEGISLATURE 00:03:32.612 --> 00:03:33.713 LOOKING AT A SALES TAX HOLIDAY, 00:03:33.780 --> 00:03:34.781 SOME OTHER STATES ARE DOING IT.