INDIANAPOLIS -- Indianapolis Mayor Greg Ballard Monday released his proposal to bail out the struggling Capital Improvement Board.

The plan contains many of the same elements of a proposal presented by State Sen. Luke Kenley, including calls for a tax increase on hotel rooms and downtown sports tickets, 6News' Norman Cox reported.

Ballard's plan would also allow for the doubling of the alcohol tax, but, instead of a statewide levy, it would become a local option tax by county.

Marion County would get $10 to $12 million under Ballard's proposal, instead of $8 million, since the share would be based on consumption, not population.

"This plan is true to my pledge that the burden for solving this problem should fall mainly on those who use and profit from these facilities," Ballard told the CIB.

Ballard's plan would eliminate Kenley's increase of the food and beverage tax, but would replace it with a higher tax on rental cars.

Both plans include $5 million a year from each the Colts and the Pacers, but Ballard conceded Monday that there had not been tangible progress on that front.

"There's some pushback, as you can probably imagine. But I think we can craft a solution," he said.

CIB members said they were glad their funding troubles were being made a priority.

"It does seem to have gained some momentum, and it does seem to be moving forward," said vice chairman Patrick Early. "But we're still, you know, sitting here with one foot in the grave."

Ballard did not endorse the option of creating a downtown casino to generate revenue for the CIB, although his chief of staff on Friday said that the mayor would be in favor of the project. Ballard said Monday that it was not one of his preferred options.

The CIB is battling an expected $47 million operating deficit from Conseco Fieldhouse, Lucas Oil Stadium, Victory Field and the Indiana Convention Center.

The board also approved $1.1 million in additional cuts on Monday, or about $9 million total. Lawmakers set a target of $10 million in cuts earlier.

Kenley's bill will be up for amendments on the Senate floor on Tuesday.