Connect with us

Indianapolis, IN

Indianapolis becomes latest city to advance costly stadium development

Published

on

Indianapolis becomes latest city to advance costly stadium development


When the full Indianapolis City-County Council on Dec. 4 approved a plan to finance Eleven Park, a $1.5 billion mixed-use development anchored by a minor-league soccer stadium, the vote was nearly unanimous. 

The plan, authorized by Indiana’s General Assembly, carves out a new tax area downtown: the Additional Professional Sports Development Area. It will enable the construction of a new soccer stadium surrounded by 197,000 square feet of stores and restaurants, 600 apartments, 205,000 square feet of offices, at least one hotel, an amphitheater and a concert hall. 

The 20,000-seat soccer-focused stadium will be home to the Indy Eleven, which plays in the USL Championship, considered a Division II league by the U.S Soccer Federation, a step below Division I Major League Soccer.

Bonds are part of the financing plan for a soccer stadium and neighboring mixed-use development under development in Indianapolis.

Indy Eleven

Advertisement

The developer, Keystone Group, will chip in roughly 20% of the project’s overall cost, or around $300 million. State tax revenues will cover up to $9.5 million more. Beyond state retail and income taxes, local taxpayers will also contribute to the stadium through income taxes, food and beverage taxes within the PSDA and possibly innkeepers and admissions taxes. 

The remaining costs will be financed through bonds issued by the Indianapolis Local Public Improvement Bond Bank. Its executive director and general counsel, Joe Glass, told The Bond Buyer that taxpayers’ contribution to the PSDA and the subsequent bond issuance “would apply specifically to the soccer stadium once a final deal is reached.”

The amount of bond proceeds going toward the project will hinge on a comparison of projected PSDA revenues to the financing costs of the bonds, according to the PSDA plan, and will ultimately be decided by the city and the Capital Improvement Board of Managers of Marion County.  

The PSDA will sit along the White River, on the south side of downtown, bounded by Washington St. to the north and I-70 to the south. The taxing district includes the site of the former Diamond Chain Manufacturing Co. headquarters — abandoned when that company moved operations to Fulton, Illinois — a property that Keystone President and CEO Ersal Ozdemir bought in October 2021, according to the Indianapolis Business Journal. Ozdemir is also chairman of the Indy Eleven.

Advertisement

Despite the overwhelming City-County Council vote, public support for the project has been mixed.

In 2019, the Sports Innovation Institute at Indiana University-Purdue University Indianapolis polled 840 Indiana residents on the proposed stadium development and found less than a quarter supported using taxpayer funds for the project, with 42% either opposed or strongly opposed.

“Along generational lines, Millennials clearly showed the strongest support for a soccer stadium, followed distantly by Boomers and Gen X,” the institute noted.

Even with Millennial support, the new Indy Eleven stadium still placed last among other local venues in support for taxpayer funding of pro sports arenas.

In 2023, the Eleven averaged 9,709 fans for their home games at the 12,000-seat Carroll Stadium on the campus of Indiana University – Purdue University Indianapolis, according . That put the Eleven in the league’s top three for attendance.

Advertisement

At the Dec. 4 City-County Council meeting, only Councilor Ethan Evans voted ‘no’ on the PSDA. He chose not to run for re-election in 2023. Evans did not respond to requests for comment.

Economists have found limited economic benefits to municipalities from sports stadiums. In 2019, the Berkeley Economic Review argued that public subsidies for stadiums are driven more by emotional appeals than by real economic benefits.

The journal cited research by Roger Noll and Andrew Zimbalist which found that new sports venues have small-to-negative effects on economic activity and employment; none had earned a “reasonable” return on investment; and none had a self-financing impact on net tax revenues.

“Over the last thirty years, building sports stadiums has served as a profitable undertaking for large sports teams, at the expense of the general public,” the journal observed. “[These projects] can be an obstacle to real development in local neighborhoods.”

Noll, a professor of economics emeritus at Stanford University, said there have been “no significant changes” to the conclusions he and Zimbalist reached in the late 1990s. He said other potential economic benefits from stadiums have since been examined — an increase in property values; a rise in tourism; more businesses opening in the area — with the same results: usually zero benefit, and never enough of a positive impact to justify the public subsidy.

Advertisement

“Sports facilities have grown much more complex and expensive,” he added. “The present model design is to embed the facility in a much broader local economic development project … The other ancillary developments (residential, retail, entertainment) sometimes are successful, but the incremental value of the sports component is still small and less than the subsidy. [And] the more comprehensive development projects tend to cost more and involve larger public subsidies.”

Impact studies from developers often exaggerate the benefits of these projects, Noll said, but they tend to persuade people who are not fans of the team to support the project. As for opponents of such projects, they seldom triumph over developers — unless the matter is decided directly by voters, as it was recently in Tempe, Arizona, where voters in May rejected a new arena for the National Hockey League Arizona Coyotes.

“Campaign expenditures in favor of the facility typically dwarf expenditures by opponents,” Noll said.

Indianapolis skyline
Downtown Indianapolis may get a $1.5 billion development anchored by a soccer stadium if a final deal goes through.

Bloomberg News

That dynamic is now playing out in cities across the country. Last year, at least a dozen professional sports teams — mainly National Football League and Major League Baseball teams — struck deals for new or renovated stadiums, according to The Associated Press. Most of those deals included state or local bonds.

Advertisement

In such deals, the financial interests of local communities sometimes clash with the interests of sports team owners, including in Indiana’s neighbor Illinois. 

There the Chicago suburb of Arlington Heights, population roughly 75,000, is still wrestling with the prospect of hosting the Chicago Bears, looking to leave its . The team has promised to convert Arlington Park, a former racecourse, into a $5 billion stadium, entertainment and housing development. A disagreement over the NFL team’s potential property tax bill nearly derailed the deal, which is now apparently back on.

In Pawtucket, Rhode Island, another USL Championship stadium project has experienced a bumpy ride. According to the Providence Journal, municipal adviser Hilltop Securities resigned this August over the terms of a bond offering for a local soccer stadium project, Tidewater Landing. The Pawtucket redevelopment agency marketed the $48.5 million in bonds for the $137 million stadium using a different municipal adviser

A local online news site obtained Hilltop’s letter to city officials through a public records request; Hilltop warned the city against taking on risks such as the fortunes of the soccer team and worried about its “ability to generate the increment to repay the bonds,” as well as pointing to a recent College of the Holy Cross study which found local stadiums falling short of financial projections.

That study, by economists Robert Baumann and John Charles Bradbury, looked at two major publicly-financed developments anchored by stadiums — Polar Park in Worcester, Massachusetts, built for a minor league baseball team that was moved from Pawtucket, and the Major League Baseball Atlanta Braves’ Truist Park in Cobb County, Georgia — and found that both projects had negative returns. It also found that the “ancillary developments” surrounding the stadiums did not improve fiscal returns to municipalities.

Advertisement

“Analyses using the consultant’s model projected net positive returns from the substantial public investments, which justified the funding decisions of the approving municipal bodies,” the economists wrote. But “analyses derived from the presented pro forma model do not provide credible evidence that these or other stadium developments are expected to produce economic benefits… Policymakers should remain skeptical of projections of large economic benefits from stadium-districts, which supposedly defy the abundance of historical evidence [to the contrary].”

The new USL soccer team, Rhode Island FC, is scheduled to debut March 16. It plans to play its 2024 home games 10 miles away at Bryant University before the stadium in Pawtucket opens in 2025.



Source link

Indianapolis, IN

Counting Crows, Switchfoot to headline 2026 Indy 500 Carb Day

Published

on

Counting Crows, Switchfoot to headline 2026 Indy 500 Carb Day


play

A pair of 2000s alternative rock favorites are slated to kick off the festivities ringing in the world’s largest single-day sporting event.

Counting Crows will headline the 2026 Miller Lite Carb Day Concert on May 22, the Indianapolis Motor Speedway announced. Fellow rockers Switchfoot will open the show at the IMS, kicking off the weekend festivities for the 110th running of the Indianapolis 500.

Advertisement

Carb Day admission tickets start at $50 and are on sale at ims.com. Purchase admits entry to the traditional Carb Day proceedings, including the final practice for drivers and the annual Pit Stop Competition, as well as the show later in the evening.

Pit wristbands, which allow for closer access to the concert, start at $40. A wristband, however does not allow for admission to the concert on its own. Purchase of a Carb Day admission ticket is required to attend the show. Carb Day admission and pit wristband combo packages are available starting at $90.

Buy tickets for the Indy 500

Counting Crows rose to prominence in the 1990s with hits like “Mr. Jones” off their smash 1993 debut album “August and Everything After.” They maintained notoriety into the millennium with a string of successful releases punctuated by the 2004 single “Accidentally in Love,” which remains a collective favorite off the “Shrek 2” soundtrack.

Switchfoot, the Crows’ alternative compatriots, enjoyed similar success in the early 2000s. “Meant To Live” and a re-record of popular single “Dare You to Move” emerged as enduring tracks off the group’s 2004 album “The Beautiful Letdown.”

Advertisement

The two bands join past headliners like last year’s double bill of All American Rejects and Bret Michaels, Lynyrd Skynyrd, Rick Springfield, Journey and many others in the concert’s 34-year history. The 2026 event will mark both groups’ inaugural Carb Day performance.

Counting Crows and Switchfoot join popular EDM artist Zedd as the confirmed headliners for this year’s Indy 500 entertainment. The German producer will lead up the crop of DJs scheduled for the Snake Pit on race day, May 24.

Advertisement

The annual Legends Day Concert, traditionally featuring country artists, has not yet announced its headliner. The show is set for May 23 at Everwise Amphitheater at White River State Park.

Contact IndyStar Pop Culture Reporter Heather Bushman at hbushman@indystar.com. Follow her on X @hmb_1013.



Source link

Continue Reading

Indianapolis, IN

IMPD says detective arrived at crime scene smelling like alcohol

Published

on

IMPD says detective arrived at crime scene smelling like alcohol


play

  • An Indianapolis detective was arrested for allegedly driving away from a crime scene while intoxicated.
  • Colleagues reported Detective Caitlin Harris after noticing she smelled of alcohol while on call.
  • Harris is the third Indianapolis Metropolitan Police Department officer to be charged with a crime in March.

A city detective was arrested after being accused of driving away from the scene of an investigation while intoxicated, according to a news release from the Indianapolis Metropolitan Police Department.

Detective Caitlin Harris, an eight-year veteran of the Child Abuse Unit, faces preliminary charges of operating a motor vehicle while intoxicated and operating a motor vehicle while intoxicated endangering a person, both misdemeanors.

Advertisement

Harris was acting as the on-call detective on March 22, 2026. Colleagues who summoned her to help with an investigation into a child’s injuries that evening noticed she smelled like alcohol and contacted a supervisor, the news release stated.

A sergeant immediately responded, the department said, but by then Harris had finished her investigation and left the scene.

The sergeant asked Harris to pull her vehicle over, but she instead drove home, where she was met by a lieutenant who also believed she’d been drinking, the department said.

Harris was taken to a hospital for a blood draw. Detectives from IMPD’s Internal Affairs, Special Investigations and OVWI units were all present, the department said, and Harris was “determined to be under the influence of alcohol.”

Advertisement

IndyStar was unable to reach Harris and court records were not available at time of publication.

Chief Tanya Terry placed Harris on paid administrative leave and stripped her of police powers later that day.

The investigation that Harris initially responded to has been reassigned to another detective, according to the department.

Once an internal affairs investigation is complete, IMPD will decide whether to review Harris’ recent cases.

Harris was one of two detectives subject to a Citizens’ Police Complaint Board case last summer after a woman said the investigators assumed her children were unresponsive due to an opiate overdose rather than a heat-related illness. The children had been left alone in a car for several hours while their mother worked at a temp agency, but charges were never filed. IMPD’s Internal Affairs office did not find the officers at fault for their handling of the case.

Advertisement

Harris is the third IMPD officer charged with a crime so far in March. Officer Anthony Mauk faces allegations of hunting deer without a license in Steuben County, and Officer Taylor Jones was arrested on an allegation of battery after an altercation at an Indianapolis gym.

Ryan Murphy is the communities reporter for IndyStar. She can be reached at rhmurphy@indystar.com.



Source link

Advertisement
Continue Reading

Indianapolis, IN

When the Spotlight Hits the Game, Black Artists Take Center Stage – Indianapolis Recorder

Published

on

When the Spotlight Hits the Game, Black Artists Take Center Stage – Indianapolis Recorder


When the lights come up on a championship court, most eyes are fixed on the game. The buzzer. The movement. The moment.

But behind every major sporting event — behind the spectacle that draws thousands into arenas and millions to their screens, there is another story unfolding. One that doesn’t always get the same visibility, but carries just as much cultural weight. It is the story of the artists.

In cities like Indianapolis, where sports are woven into the community’s identity, art often works quietly in the background — shaping how those moments are experienced, remembered, and understood. Murals, performances, visual storytelling, and cultural programming all help define what a moment means, not just what it looks like.

And for Black artists, that work carries an additional responsibility. Because too often, the cultural contributions of Black communities are present in the experience but absent from the narrative.

Advertisement

Black artists don’t just capture moments. We contextualize them. We connect them to history, to struggle, to joy, to resilience. We tell the fuller story, one that reflects the communities that have long shaped the culture surrounding the game itself. And the impact of that work is not just cultural — it is economic.

The arts and cultural sector contributes more than $1 trillion to the U.S. economy and supports millions of jobs. Cities that invest in their creative ecosystems are not simply supporting the arts; they are strengthening a major driver of growth, talent attraction, and community vitality. Research also shows that diverse creative environments lead to stronger innovation and more meaningful engagement, reinforcing what many communities already experience firsthand.

When Black artists are included, the work does not just become more representative; it becomes more relevant, more connected, and more complete.

Indianapolis has a deep and often underrecognized legacy of Black artistic expression. From visual arts to performance, from community-centered storytelling to intergenerational creative practice, Black artists in this city have consistently created work that reflects both who we are and where we are going. But visibility has not always kept pace with contribution.

Across the country, studies have shown that artists of color remain significantly underrepresented in major cultural institutions and platforms. That gap is not a reflection of talent—it is a reflection of access, investment, and whose stories have historically been prioritized.

Advertisement

Major events bring energy, investment, and attention to a city. They also create a rare opportunity: a chance to be intentional about whose stories are elevated alongside the main stage.

When Black artists are included — not as an afterthought, but as a central part of the cultural experience — the impact is different. The city feels more complete. The story becomes more honest. The moment becomes more connected to the people who live here every day. This is not just about representation. It is about accuracy.

Because culture is not created in isolation. It is built through community. And when we fail to include the voices of those who have helped shape that culture, we present an incomplete picture — not just to visitors, but to ourselves.

At the Asante Art Institute of Indianapolis, our work is grounded in that belief. We exist to create space for artists to explore identity, history, and creativity in ways that build confidence, deepen understanding, and strengthen community connection. Through arts-centered programming, we are not only developing artists; we are cultivating storytellers, leaders, and individuals who see themselves as active participants in shaping the world around them.

That work matters in moments like these.

Advertisement

Because when the spotlight turns to Indianapolis during championship season, the question is not just what the world will see, but what story we choose to tell.

Will it be surface-level, focused only on the game? Or will it reflect the depth, diversity, and creativity of the communities that make this city what it is? That answer depends on who we invite into the frame.

This championship weekend, that broader story will take shape through A Touch of Glory, a production that brings together art, history, and sport to honor legacy and connection across generations. It is a reminder that the game is only part of the story, and that the cultural narratives surrounding it deserve just as much attention.

When we make space for those narratives — when we invest in artists, elevate their voices, and recognize their role in shaping how moments are experienced — we don’t just enhance events. We strengthen the cultural fabric of our city. And long after the final buzzer sounds, that is the story that lasts.

Deborah Asante is the Founder and Artistic Director of the Asante Art Institute of Indianapolis, dedicated to advancing cultural storytelling, fostering creative expression, and empowering communities through the arts.

Advertisement






Source link

Continue Reading

Trending