[{"_1":2,"_111":-5,"_112":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,75,87,99],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},"mediaId",6558417,"mediaKeyId","3255454-99496398422cc669121d14dbfa82ead4","parentId",3255454,"title","Votes at a glance: Board approves minutes, disposal of obsolete equipment and operating/confirming vouchers","audioSeconds",133,"startMs",1707000,"endMs",1840000,"viewUrl","/Search/View?dp=1&key=3255454-99496398422cc669121d14dbfa82ead4&start=1707&end=1840","thumbnailUrl","https://assets.pipeline.soar.com/3255454-99496398422cc669121d14dbfa82ead4/thumbnail_1707000.jpg","articleUrl","/articles/6558417/Indianapolis-City/Marion-County/Indiana/Votes-at-a-glance-Board-approves-minutes-disposal-of-obsolete-equipment-and-operatingconfirming-vouchers","mediaUrl","https://secure.pipeline.soar.com/6558417-5eb8bcec0411a5413e4fa0df519d12ea/orig.mp4?Expires=1771159431&Signature=WKDG-Hb-lVIsqnPFGMYa50K-U5bn8rEEasKz5crN~3ptHkhe-UIw2f0QhBvtbUnXQUud-gtoS-zaUXMRq31IKakdbeS~hjkqUCNFImts3XQ6Tvir1Clcty5YzcIzkM28QPgK8lhmXxzMmiMXbh2Hdg7RxVcABcF0MfujZmJHt1FWsanKhxmlylClcOLyAV0l~Qfjegy11C33VEftqqTODBf56hkArZXInwBu-ysCX6waFyw8h8UzmZI6-IMWqQE7pA8xXr3gAT2QvaUyYoGcLKv0z8FEMGRLYsbC0wf16QuAlA5bIQ0cFgSc0bE13I9GRu1Ng77J7WOHaG7tpWcc8w__&Key-Pair-Id=KUT5TJCACFTXG","author","City Council of Indianapolis, IN","date","2025-05-09T00:00:00Z","article","The Capital Improvements Board recorded three formal approvals during the meeting at Lucas Oil Stadium.

The board approved the minutes from its April meeting by voice vote. The chair called for \"All in favor?\" and members responded \"Aye;\" there was no recorded opposition.

The board approved a motion to dispose of obsolete equipment (items referenced as handrail parts and 11 frames). The motion was made and seconded and approved by voice vote with no recorded opposition.

The board confirmed voucher payments: an operating voucher numbered 2704G for $4,480,734.48 and a confirming voucher totaling $7,767,713.36, for combined immediate expenditures of $12,248,447.84. The presenters said these payments reflected anticipated and budgeted expenses, including roof repairs, architect fees and utility taxes. The motion to approve the claims passed on a voice vote after the amounts were announced.

No roll-call vote tally or individual member votes were recorded in the transcript; approvals were taken by voice and recorded as \"Aye.\"","mediaType","Video","parentTitle","City Council of Indianapolis, IN - Capital Improvement Board of Managers - May 09, 2025","oneSentenceSummary","At the Lucas Oil Stadium meeting, the Capital Improvements Board approved the April minutes, disposed of obsolete equipment and confirmed operating and confirming vouchers totaling about $12.25 million.","taxTitle","Indianapolis City, Marion County, Indiana","taxId",3627,"location","headline","","shortSummary",{"_33":76,"_35":36,"_37":38,"_39":77,"_41":78,"_43":79,"_45":80,"_47":81,"_49":82,"_51":83,"_53":84,"_55":56,"_57":58,"_59":85,"_61":62,"_63":64,"_65":86,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6558421,"CIB gets updates on Lucas Oil projects, sustainability work and hotel/stadium construction plans",498,1003000,1501000,"/Search/View?dp=1&key=3255454-99496398422cc669121d14dbfa82ead4&start=1003&end=1501","https://assets.pipeline.soar.com/3255454-99496398422cc669121d14dbfa82ead4/thumbnail_1003000.jpg","/articles/6558421/Indianapolis-City/Marion-County/Indiana/CIB-gets-updates-on-Lucas-Oil-projects-sustainability-work-and-hotelstadium-construction-plans","https://secure.pipeline.soar.com/6558421-60d9b227753d83c28b79e1ca1550c7fd/orig.mp4?Expires=1771159431&Signature=P2zLQRBYimuRNgjipuGpOVmKrNWVtZkfP~XdD9uZVuT2mxJGpb02mqx0N8DTqF1Ok0bxm6CVBnOi10fg5qPvE~0kBRUuNTihtfaNmNI2bsNlMU8E5g8UlYRRfpybz8tefNrt3epeDn8a4dbQ0G7PJ54vjdmtN-mjbawt2h7iIIKTn6~oc46HV6Zi09I3Ne1P3HSBcdJw5vSqt~SxOqVMLkTjvGp0-Wn8dOgwQdBtky59SOqjyshz32TP7zIGNK4CU0FvLRim3gv6diIgjJvgVOCRPOvclc976KpHICl-cwDmatH60tQKr~o9MVgPieii~RrGJkOvMeQCz2Xxh6T86w__&Key-Pair-Id=KUT5TJCACFTXG","Capital Improvements Board members received updates on maintenance and upgrade projects at Lucas Oil Stadium, new sustainability efforts across CIB-managed facilities, and construction milestones for the Signia/Zignia hotel and a proposed soccer stadium design contract.

Eric, speaking for Lucas Oil Stadium operations, said crews were working on multiple projects simultaneously, including an upgrade to the venue’s distributed antenna system, electrical work and AV/security projects. \"This is a month full of projects,\" Eric said, and noted staff had used a recent lull to activate outdoor balcony spaces and accommodate events such as a Colts Draft Party and the mini marathon expo.

Heidi, who has led the new sustainability initiative, described progress on a CIB green program. She said the team is forming an internal green team, that some shows had improved their corporate sustainability scores after working with CIB staff, and that CIB is collaborating with Visit Indy and other facilities. Heidi also described a donation program that channels unclaimed cell phones to a 9-1-1 cell phone bank; the devices are wiped and distributed via IMPD to support domestic-violence victims.

Andy Mallon updated the board on construction projects. He said the Zignia hotel construction is progressing at roughly a floor a week and that staff have conducted tours for the mayor and councilors. \"We selected Populous,\" Mallon said when announcing a designer for a proposed soccer stadium, citing the firm’s experience. He described the procedural posture for the soccer project: the budget committee of the state legislature must meet within 45 days of the end of the general assembly, and the project team is working to have language approved by the committee and the budget agency. Mallon said design work must begin in order to meet a target stadium-readiness date in 2028 but that full design completion would depend on legislative approvals.

Board members were invited to building tours after the meeting; staff said stadium and convention calendars will continue to constrain availability around the football schedule.","Staff reported ongoing infrastructure and maintenance projects at Lucas Oil Stadium, a new CIB sustainability initiative, progress at the Zignia hotel construction and selection of Populous to design a proposed soccer stadium pending legislative steps.",{"_33":88,"_35":36,"_37":38,"_39":89,"_41":90,"_43":91,"_45":92,"_47":93,"_49":94,"_51":95,"_53":96,"_55":56,"_57":58,"_59":97,"_61":62,"_63":64,"_65":98,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6558426,"Board hears strong bookings and record hotel performance; international attendance lags cited",520,266000,786000,"/Search/View?dp=1&key=3255454-99496398422cc669121d14dbfa82ead4&start=266&end=786","https://assets.pipeline.soar.com/3255454-99496398422cc669121d14dbfa82ead4/thumbnail_266000.jpg","/articles/6558426/Indianapolis-City/Marion-County/Indiana/Board-hears-strong-bookings-and-record-hotel-performance-international-attendance-lags-cited","https://secure.pipeline.soar.com/6558426-e99b46aedbf4efeb32b7560cd7ef1dc1/orig.mp4?Expires=1771159431&Signature=Xwzl-8RtqmZ~yJGn7MMeyw2Qc9-q6RVtubc6WW9P4o68SmzUnvExfrZXSLxkOSd8CobW6TlFD-0AY-hR-m4UNi8bEN7Bi3OpGJfj4rJJ~wiYiH9kRZ9ESa35WK6OWdKprcR311gICGRvvUMTmdNuq~VkK5MX6Fzv2D7eb2CV26sZSTcxFK6NjjAMQ6xlI~oV7GAF7QS~bRcdk8ReqU8VKvO3aElX~7B~ouMtJBXuFTfggnYh5eaGbtmmIYB5gDHlf1Ah~OwWG74~vUjrjcoG9EUVqQ3ympOGmy-tdjMbx1uAuE~tOnX1qTRutU-HYO3u4tH30Per5I2-mWT5boCZdw__&Key-Pair-Id=KUT5TJCACFTXG","Capital Improvements Board staff told members that event bookings remain strong even where the number of events fell short of plan, and that downtown hotel and convention metrics produced record results through the first quarter.

Matt O'Brien, field house manager, said year-to-date the facility hosted five fewer events than planned but still exceeded revenue expectations. \"We have had 5 fewer events than what we had planned,\" O'Brien said. \"They were smaller concerts. But still revenues are better than what we planned.\" He noted upcoming events including high school basketball doubleheaders and the WNBA All-Star Game in July.

Larry, who presented the hotel occupancy report, said March produced a record March and a record year-to-date through Q1. He reported downtown occupancy of 69.7% for March and said Marion County hotel revenue was up about 2.6% year to date. \"We're outperforming the general economy for the hotel world again,\" Larry told the board; he also said production pace was at about 72% and the sales pipeline was strong, with leads at 57% of the goal and 14% ahead of last year’s record pace.

Staff and sales leaders noted a slowing in international attendance decisions. Larry said associations with significant international attendance—particularly those drawing Canadians or Western Europeans—have been slower to confirm future contracts, which he and colleagues expect will create some near-term lag in pace before a pickup.

Monique, the convention center sales presenter, reported April convention center occupancy at 68.4% and noted attendance of 59,183 for the month. She said two shows occupied the entire building footprint in April—FDIC, which broke its all-time attendance record this year at 37,081, and the Craft Brewers Association show that brought roughly 7,500 attendees. Monique also previewed upcoming meetings including the Sweets & Snacks show and the Railway Interchange, and said the building would be dark for the Memorial Day weekend race period.

Board members asked questions and received briefings on moves to optimize event space and calendar conflicts with the football schedule.","CIB staff reported strong hotel occupancy and convention bookings through March and April, with robust pipelines but slower decision pace from some international groups.",{"_33":100,"_35":36,"_37":38,"_39":101,"_41":102,"_43":103,"_45":104,"_47":105,"_49":106,"_51":107,"_53":108,"_55":56,"_57":58,"_59":109,"_61":62,"_63":64,"_65":110,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6558431,"Capital Improvements Board reports nearly $9 million net revenue for March, driven by admissions and operating taxes",192,60000,252000,"/Search/View?dp=1&key=3255454-99496398422cc669121d14dbfa82ead4&start=60&end=252","https://assets.pipeline.soar.com/3255454-99496398422cc669121d14dbfa82ead4/thumbnail_60000.jpg","/articles/6558431/Indianapolis-City/Marion-County/Indiana/Capital-Improvements-Board-reports-nearly-9-million-net-revenue-for-March-driven-by-admissions-and-operating-taxes","https://secure.pipeline.soar.com/6558431-90e04a2f6d58b5161c937479a213c34b/orig.mp4?Expires=1771159431&Signature=Jcfndejwtqd~rEwOH9eL7LZBMUuiI0nPt~iNoDqnz~JmXOAd0kZUKNl47rJkf-PiA-uTPV~Wu8~lS3hPN43BQLIijLAJrH8o5ym1KqC-PFcoNEOO~eRrUObeaN2hpOymkUeyhG60w0B3D6SXljfmMmB6CU3v7nD075bI8ZMq79Ny-kkFKYeLi~o14-FY2TrjlZARBPcnOQKAvKB7Nujh1Asq~wHhUs1ZumDUf8Y346ZnZ3xPaF-uc0oq9fQnUDQ8T1WFGzleIsJ3ldODDOZklb5ZRT9g7ABnRjE1YuWC5shOiH0GL12SiP7wOgGLevkqAOBgzBiUzGeVMz4GfdVf-w__&Key-Pair-Id=KUT5TJCACFTXG","The Capital Improvements Board reported net revenues of just under $9 million for March 2025, the board heard at its meeting today at Lucas Oil Stadium.

Jim, a CIB staff member who delivered the monthly financial report, said the month’s positive variance—about $13 million above budget—was driven by admissions taxes and operating taxes and by lower-than-expected capital spending. \"Admissions taxes were over budget by about $3,000,000,\" Jim said, and operating taxes were \"over budget by $6,000,000.\" He attributed the admissions-tax surge mainly to the WWE Royal Rumble and large concerts by Billy Joel and Sting.

The tax revenue line totaled about $15 million for the month, roughly $3.5 million over budget, or about 29% above plan, the report said. Operating revenue was about $10 million, roughly $5.6 million (25%) above budget, driven by event-line items including concessions and ticket office income; Jim said ticket office receipts included about $2 million from the Royal Rumble. Labor reimbursements added about $1.2 million tied to a work truck event.

On the expense side, personal services were under budget by about $227,000 (9%), while total supplies ran about $100,000 over budget largely for hotel supplies. Other services were about $375,000 (4%) over budget; the report called out a $668,000 chilled-water relocation for the Pan Am Tower and a $1.2 million grant to the tower for elevator upgrades. Capital outlay was $2.3 million versus a $6.3 million budget; the month included roof work at Lucas Oil Stadium (about $500,000), the convention center (about $370,000) and Victory Field (about $250,000), plus roughly $300,000 on audiovisual and security projects.

Debt service of $1.4 million was recorded as budgeted and per the amortization schedules. Jim told the board that while capital spending is underspent so far this year, he expects most of that budgeted work to be executed by year end.

The board did not take formal policy action on the financial report; members asked questions and moved on to the next agenda items.","The Capital Improvements Board reported net revenues just under $9 million for March 2025, with admissions and operating taxes well above budget and capital outlays below plan.","actionData","errors"]

Article not found

Votes at a glance: Board approves minutes, disposal of obsolete equipment and operating/confirming vouchers

CIB gets updates on Lucas Oil projects, sustainability work and hotel/stadium construction plans

Board hears strong bookings and record hotel performance; international attendance lags cited

Capital Improvements Board reports nearly $9 million net revenue for March, driven by admissions and operating taxes