Three Counties Tackle Colts Stadium Funding Issue
POSTED: 8:22 am EDT June 13, 2005
UPDATED: 9:49 am EDT June 13, 2005
Elected officials in four central Indiana counties will vote this week on a proposal to increase taxes to help pay for the new Colts stadium and expanded convention center.County councils in Marion, Johnson and Morgan counties have votes scheduled Monday night. Boone County follows Tuesday.So far, Hancock County is the only one of seven counties neighboring Indianapolis which have agreed to approve the food and beverage tax to help fund the $900 million plan for a new Colts stadium and an expanded Indiana Convention Center.Officials face a July 1 deadline to sign a lease with the Colts, secure tax increases to pay for the project and begin borrowing money for construction.Groundbreaking is scheduled for August, and the facility must open for the 2008 season.
Previous Stories:
- June 10, 2005: State, City Strike Deal On $48M Colts Payment
- June 7, 2005: Governor Pushes Stadium, Tax Plan Outside Indianapolis
- June 6, 2005: Governor Takes Colts Stadium Plan To The People
Copyright 2005 by TheIndyChannel.com. The Associated Press contributed to this report. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
