INDIANAPOLIS -- State lawmakers Wednesday night killed a bill to bail out the Indianapolis Capital Improvement Board.

Lawmakers, who faced a midnight Wednesday deadline to adjourn, were working on a bill that would allow Indianapolis to raise hotel, car rental and ticket taxes to fund the CIB, which oversees the operations of Lucas Oil Stadium, Conseco Fieldhouse, Victory Field and the Indiana Convention Center.

Sen. Luke Kenley, a Republican from Noblesville who had worked for weeks on the proposal, said the bill got caught up in other issues as the midnight deadline loomed.

Kenley said the CIB proposal would have raised up to $22 million -- but the board expects to be $47 million short. Kenley said the city would have to find the rest of the money itself.

Kenley had previously suggested that the Indianapolis Colts and Indiana Pacers each pitch in $5 million.

The Colts balked at the suggestion, and neither team has agreed to pay. City officials said they have been in continued talks with both teams.

Indianapolis Mayor Greg Ballard had asked lawmakers for a "menu" of taxing options, and specifically suggested raising the hotel, car rental and ticket taxes.

Ballard had also asked lawmakers to allow an increase in taxes on alcohol sold in Marion County, but that idea was dropped from the proposal.

The Associated Press left a message seeking comment with Ballard's chief of staff.

Without funding, Lucas Oil Stadium and other venues could be forced to close, but no one close to the situation really expects that to happen.