Related To Story
|
Wrecking Ball Swings At Colts Construction Site
POSTED: 1:10 pm EDT August 29,
2005
UPDATED: 1:23 pm EDT August 29,
2005
INDIANAPOLIS -- The wrecking ball started swinging Monday morning even though there's still no formal lease agreement between Indianapolis and the Colts.
Images: Proposed Colts Stadium
Faced with a tight construction schedule to get the new Colts stadium ready for the 2008 season, demolition crews began knocking down the Big Blue Auto Parts warehouse what occupies part of the stadium site.
City officials said they are close to an agreement with the Colts on a lease, but can't assure they will have one by the self-imposed deadline of Aug. 31.Because the state stadium authority, which is paying for the stadium, hasn't been able to issue bonds yet, there technically isn't any money to pay for the demolition.The city's capital improvement board is advancing the cash.Indianapolis estimates it has advanced the state as much as $10 million so far to cover not only demolition, but also design work for the new stadium.
|
|
Previous Stories:
- June 28, 2005: Colts, City Face Hurdle In Stadium Lease Talks
- June 10, 2005: Radio Station Hoax Startles Edgy Colts Fans
- June 7, 2005: Governor Pushes Stadium, Tax Plan Outside Indianapolis
- June 6, 2005: Governor Takes Colts Stadium Plan To The People
- June 2, 2005: Governor, Mayor Squabble Over Colts Funding Shortfall
- May 31, 2005: Colts Stadium Cost Tops $1 Billion
Copyright 2005 by TheIndyChannel.com All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
