View Full Version : Pacers still unsettled at Conseco

06-28-2010, 05:33 PM
Haven't seen this posted here yet. If it is somewhere feel free to delete this thread.

From Yahoo Sports

Pacers still unsettled at Conseco
By CLIFF BRUNT, AP Sports Writer
3 hours, 56 minutes ago

INDIANAPOLIS (AP)—The Indiana Pacers still are renegotiating the team’s lease of Conseco Fieldhouse with a Wednesday deadline approaching.

“Still talking, but no deal yet,” Ann Lathrop, president of the Marion County Capital Improvement Board, wrote in a text message on Monday.

The CIB owns Conseco Fieldhouse, where the Pacers play home games and have been paying $15 million per year in operating costs. The team is approaching an option period in the lease, and the CIB has said the team could move, be sold or shut down if a resolution isn’t reached.

Lathrop has said one option is a deal in which the CIB would pay operating costs and still let the Pacers play there. She was optimistic in May, but sticking points include the length of the lease, who runs the building and where non-Pacers revenue would go.

“Negotiations, contracts and deals at this level are clearly tough stuff,” Lathrop said last week. “It never surfaces around just one deal point. There’s multiple things that we have that we’re working on.”

Pacers Sports and Entertainment president Jim Morris has declined to comment on the negotiations.

Team president of basketball operations Larry Bird has said he has received calls from people who want to move the team, though team owner Herb Simon has maintained that he wants the team to remain in Indiana.

The Pacers already were losing money when they were successful, and poor performance hasn’t helped. Indiana finished with a 32-50 record last season, their worst record since 1988-89, and missed the playoffs for the fourth straight year. The Pacers ranked 27th in the 30-team league this season with average attendance of 14,202.

A study in May concluded that Indianapolis businesses would lose $55 million if the Indiana Pacers left town. Lathrop was hopeful that a solution was forthcoming.

“I think it’s always a positive sign when people continue to talk,” she said. “I don’t know that I’m more or less confident than I was a month ago. I know that we’re just as dedicated to finding a solution than we were at that time.”

Lathrop said it’s in the city’s best interests to have the Pacers and the WNBA’s Indiana Fever play at Conseco.

“It is always our preference to have a marquee tenant in the building rather than trying to fill those 60-plus days on our own with other events,” she said.


06-28-2010, 05:56 PM
I can't imagine the Pacers not being here. Get it done Indy and TPTB!

06-28-2010, 05:59 PM
Just get 'er done! Keep Pacers/Fever basketball in Indianapolis and in the Fieldhouse where they belong.

06-28-2010, 06:06 PM
Each side is still trying to get what is best for them. There is lots of posturing going on right now. The relationship benefits both the city and the team, so I really do believe at the end of the day something will get done.

Justin Tyme
06-28-2010, 07:12 PM
So just where are these new buyers Bird talks about planning on moving the Pacers to?

06-28-2010, 08:09 PM
So just where are these new buyers Bird talks about planning on moving the Pacers to?

That's what I want to know.

I will personally go to each of those cities and commit some property damage.