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RTV 6 | Panel Passes CIB Bailout ; Colts Refuse (Post 56)

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  • #16
    Re: Star: Legislature looks at raising alcohol taxes to bail out CIB

    Originally posted by BillS View Post
    I suppose I could support getting money somewhere else if it makes it cheaper for you to kill yourself...

    Comment


    • #17
      Re: Star: Legislature looks at raising alcohol taxes to bail out CIB

      Originally posted by WetBob View Post
      The downtown casino idea seems to have been around for years and but has obviously yet to come to fruition. I'd love to see it happen, I just question if it ever will, since it hasn't already.

      I'll gladly go to a casino, play blackjack and drink on the house without the worry of any kind of alcohol tax increase.

      Duke Dynamite...clearly you aren't a smoker if you want tobacco taxes to go up any more. Good lord, they are ridiculous right now as it is. It costs you an arm and a leg just to kill yourself now a days.
      If you think cigarettes are expensive here, go to New Jersey, Washington, or New York. Hell, don't even consider buying cigarettes in New York City:
      http://abclocal.go.com/wabc/story?se...cal&id=6057631
      http://www.taxadmin.org/fta/rate/cigarett.html
      Last edited by Wu-Gambino; 04-02-2009, 08:50 PM.

      Comment


      • #18
        Re: Star: Legislature looks at raising alcohol taxes to bail out CIB

        Originally posted by Dr. Goldfoot View Post
        I doubt (but seriously support) a downtown casino. It would absolutely kill Anderson, West Baden and that one that opened last weekend in Shelbyville.
        It wouldn't kill Anderson either, because of the horse races. They did quite well before the casino went in and will continue to do so because they offer something no one else does.

        EDIT: Unless it's winter.
        Just because you're offended, doesn't mean you're right.” ― Ricky Gervais.

        Comment


        • #19
          Re: Star: Legislature looks at raising alcohol taxes to bail out CIB

          I doubt you'll ever see a downtown casino. Both Hoosier Park and Indiana Live had to pay a huge amount to land the licenses from the Indiana Gaming Commission and are already talking about reducing those figures.

          And yes, contrary to what people say, Hoosier Park and Indiana Live and even West Baden and some of the other casinos throughout Indiana would lobby heavily against a downtown Indy casino.

          The CIB will likely be bailed out by the legislature with earmarks for the Pacers as well as other projects throughout Indiana.

          Comment


          • #20
            Re: Star: Legislature looks at raising alcohol taxes to bail out CIB

            Originally posted by Smoothdave1 View Post
            I doubt you'll ever see a downtown casino. Both Hoosier Park and Indiana Live had to pay a huge amount to land the licenses from the Indiana Gaming Commission and are already talking about reducing those figures.

            And yes, contrary to what people say, Hoosier Park and Indiana Live and even West Baden and some of the other casinos throughout Indiana would lobby heavily against a downtown Indy casino.

            The CIB will likely be bailed out by the legislature with earmarks for the Pacers as well as other projects throughout Indiana.
            I agree 100%. Just look at Atlantic City. After I believe it was 1976 when they passed the law that allowed Casio's, The inner city thrived but the outskirts of the city became a slum. You are probably thinking, well Indianapolis is like this now. Well it would only get worse. Leave the gambling at the horse tracks. keep our city clean and free of the trash that would roll in if we built a casino downtown. . Just my
            Last edited by stevo; 03-27-2009, 03:08 PM.

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            • #21
              Re: Star: Legislature looks at raising alcohol taxes to bail out CIB

              Originally posted by Smoothdave1 View Post
              I doubt you'll ever see a downtown casino. Both Hoosier Park and Indiana Live had to pay a huge amount to land the licenses from the Indiana Gaming Commission and are already talking about reducing those figures.

              And yes, contrary to what people say, Hoosier Park and Indiana Live and even West Baden and some of the other casinos throughout Indiana would lobby heavily against a downtown Indy casino.

              The CIB will likely be bailed out by the legislature with earmarks for the Pacers as well as other projects throughout Indiana.
              The problem is: When do you hit the point of diminishing returns? If you tax too much you end up hurting the numbers at the businesses that you counted on for tax dollars. If you somehow hit the people directly you eventually take away the money that they would be able to put towards luxuries such as going to Pacer games, spending on concessions, etc.. Plus they quit visiting the establishments that are already taxed to pay for the stadiums. So now you have downtown businesses seeing diminished profits and your revenue stream is hurt even more. Taxing is not a bottomless pit that can continue to be mined.

              If we're not already there, we're getting close.

              At least the casino is 100% voluntary.

              I do think the other casinos would be hurt. People who just want to have a little fun gambling are going to go to the nearest casino. Every new casino has to take away from the potential market each casino is drawing from.

              French Lick has some huge impediments, not the least of which is the limited access route(s) there. It's not like they are a couple of miles off the interstate. The 'get-away' attraction is limited at best. For most people that is a once a year, if that, reason to head to French Lick.

              Don't fool yourself into thinking French Lick is now hugely successful.

              I'm sure the other casinos will balk at a DT casino. The compromises likely are "we don't build the DT casino but we tax you other casinos more for your exclusivity" or "We build the DT casino but we'll cut taxes or give you a piece of the pie of the downtown casino (in whatever way that could be made to work).

              My prediction still stands that the DT casino is coming. The wheels are in motion. It might be a few years down the road.... but it's coming. I'm sure they've known it all along that it's a question of "when" not "if". I'm sure the plans are much more detailed than the public knows or most would even suspect.

              I think it's just a shame they don't cut to the chase and get it over with rather than dragging it out for years waiting for the 'right' time, enacting some interim taxes that will be hard to get rid of, and continue these public financing arguments that will continue to get more contentious as the gravy train comes to an end.
              Nuntius was right for a while. I was wrong for a while. But ultimately I was right and Frank Vogel has been let go.

              ------

              "A player who makes a team great is more valuable than a great player. Losing yourself in the group, for the good of the group, that’s teamwork."

              -John Wooden

              Comment


              • #22
                Re: Star: Legislature looks at raising alcohol taxes to bail out CIB

                BTW... I'm not exactly 'for' the casino even though my post read that way. I just think it's a foregone conclusion that it's coming. As long as billionaire team owners aren't required to pay their own way and have the ability to (all but) require taxpayers to support their endeavors PLUS expect support at the ticket window too, financing will naturally funnel that way. There is a point of diminishing returns when it comes to taxing people and businesses and we're fast reaching it if not already well in the middle of it.

                -Bball
                Nuntius was right for a while. I was wrong for a while. But ultimately I was right and Frank Vogel has been let go.

                ------

                "A player who makes a team great is more valuable than a great player. Losing yourself in the group, for the good of the group, that’s teamwork."

                -John Wooden

                Comment


                • #23
                  Re: Star: Legislature looks at raising alcohol taxes to bail out CIB

                  Indystar.com
                  By: Mary Beth Schneider and Brendan O''Shaughnessy
                  http://www.indystar.com/article/2009...383/-1/ARCHIVE


                  March 27, 2009

                  Lawmakers: CIB fix will be 'shared pain'

                  Higher taxes, cash from Colts are options to overcome $20M shortfall

                  By Mary Beth Schneider and Brendan O'Shaughnessy
                  mary.beth.schneider@indystar.com

                  Solving the financial woes afflicting the Capital Improvement Board will be the responsibility of Marion County taxpayers, fans, visitors and Indianapolis' two largest sports teams.

                  That was the sentiment most clearly heard Thursday at the Statehouse, where lawmakers have been engaged in intense behind-closed-doors negotiations to find a way to bail out the agency that runs sports stadiums in Indianapolis.

                  Few specifics were available, but legislative leaders said many options were being discussed -- including requiring the Indianapolis Colts to pony up money, raising alcohol or hotel and restaurant taxes, and expanding special tax districts that already capture sales and income taxes for special purposes such as the arenas. Even raising parking meter fees has been floated.

                  Most likely, they said, is finding a way to tap a revenue stream that takes dollars from those who actually benefit from the facilities -- and doesn't tax people across the state to help out Marion County.

                  "Obviously, we're stuck trying to find an answer here. We're going to have to pass some legislation," said Senate President Pro Tempore David Long, R-Fort Wayne.

                  "My goal, and I think a lot of people's goal, is to try to make this pretty much a Marion County solution for the CIB. Whether that's possible or not remains to be seen."

                  The CIB is facing a $20 million shortfall this year, and that could grow next year if the Indiana Pacers, who are losing money, can't pay the team's $15 million share of the costs of Conseco Fieldhouse.

                  The lobbying at the Statehouse began weeks ago. On Wednesday, Herb Simon, co-owner of the Pacers, met with Gov. Mitch Daniels, though details of what they discussed were not available.

                  Sen. Luke Kenley, the Noblesville Republican who is working with Rep. Bill Crawford, D-Indianapolis, on the issue, said lawmakers would meet again next week with "all of the appropriate parties."

                  "It's probably going to be behind closed doors to get a feel about where we could go," he said.

                  A contribution from the Colts was at the top of the list for many lawmakers.

                  House Speaker B. Patrick Bauer, D-South Bend, said legislators wonder "why there is no contribution from the Colts to equal what the Pacers contribute."

                  The Colts negotiated what many now regard as a sweetheart deal for Lucas Oil Stadium, pocketing an estimated $41 million annually in new revenue above the $150 million a year the club had made at its old stadium, the RCA Dome.

                  Kenley said he's had a couple of meetings with Colts attorney Dan Emerson about the issue.

                  "Everybody wants to solve the problem. Nobody is very happy about giving up any revenues or finding revenues on their own part. It's going to be a shared pain," he said.

                  Colts owner Jim Irsay was unavailable for comment. Greg Schenkel, vice president of sports and entertainment for the Pacers, said the team is "not engaged in any active discussions (with lawmakers). We've been asked questions about our situation. This is not about the Pacers. It's about the CIB."

                  Lawmakers expressed frustration Thursday that Indianapolis Mayor Greg Ballard has not laid out a proposal for what is essentially a city problem.

                  Senate Minority Leader Vi Simpson, D-Ellettsville, said Ballard needs to "take a position on a solution before it's put out there for a vote."

                  Ballard declined an interview, instead issuing a statement that said: "We have been open and forthcoming with the legislature about the severity of our situation, and I appreciate the effort the legislators are making to help find a solution. I look forward to a continued and constructive dialogue with all stakeholders."

                  A month ago, Ballard said he would prefer a ticket or admissions tax that collects from the stadiums' users rather than a general tax such as food and beverage.

                  But he has said little publicly over the past few weeks about the ongoing negotiations with the legislature.

                  Additional Facts
                  What are the odds?
                  Food and beverage taxes: Bumping up Marion County's 2 percent food and beverage tax by 1 percentage point would bring in $18 million a year. This is one of the best options because it raises the most money. But opposition from taxpayer groups would be high. Odds: Still alive.

                  Hotel taxes: An increase of 1 percent in Marion County's 9 percent hotel/motel tax would drum up $4 million a year. The hotel industry is opposed to any increase, saying it would make it more difficult for Indianapolis to compete against other cities for convention business. Odds: On the table.

                  Raising admission taxes: Increasing Marion County's 6 percent admissions tax by 1 percentage point would bring in $1.5 million a year. Mayor Greg Ballard likes this idea, though the Indiana Pacers are especially loath to do this because it would make it harder for the team, already struggling with thin turnout, to draw crowds. Odds: Possible.

                  Concessions from the teams: The Indianapolis Colts now get a share of revenues generated during non-Colts events at Lucas Oil Stadium. Giving that up would mean $3.5 million for the Capital Improvement Board a year. The Pacers hope the CIB will assume $15 million a year in operating costs at Conseco Fieldhouse. As a compromise, the CIB might assume a portion of that amount. Odds: Uncertain.

                  Expanding taxing districts: Adding new hotels and other stadium-related businesses to a sales tax increment financing district in Downtown would generate $10 million a year. Odds: Possible.

                  Alcohol tax: Indiana's spirits, wine and beer taxes are on the low end, but lawmakers are more interested in solutions that affect Marion County alone, not the whole state. The taxes raise about $42 million a year, which is split between the state and local governments. Odds: Unlikely.


                  Alcohol taxes
                  Note: All amounts are per gallon.

                  In Indiana
                  » Spirits: $2.68.
                  » Table wine: 47 cents.
                  » Beer: 11.5 cents.

                  In neighboring states
                  » Illinois: $4.50 for spirits, 73 cents for wine, 18.5 cents for beer.
                  » Kentucky: $1.94 for spirits, 50 cents for wine, 10 cents for beer. (There's an extra 11 percent wholesale tax on alcohol.)
                  » Ohio: $8.73 for spirits, 32 cents for wine, 18 cents for beer. (State controls alcohol sales.)

                  Source: The Tax Foundation, data as of January
                  ...Still "flying casual"
                  @roaminggnome74

                  Comment


                  • #24
                    RTV 6 | Panel Passes CIB Bailout ; Colts Refuse (Post 33)

                    WTHR.com
                    By: Mary Milz
                    http://www.wthr.com/Global/story.asp...&nav=menu188_2


                    Lawmakers Propose $45M Plan to Fund CIB, Pacers
                    Mary Milz/Eyewitness News

                    Indianapolis - State lawmakers have come up with a $45 million plan to keep the Pacers in Indianapolis and help the city's Capital Improvement Board solve its budget shortfall.

                    Sen. Luke Kenley, R - Noblesville said the plan calls for "contributions from all parties." He said that includes the Pacers, the Colts and their fans through a "ticket tax so people who game to the games can pay their share."

                    Kenley said the under the plan, the CIB will be asked to make further budget cuts (in addition to the $7.4 million already announced) and the city will be given the authority to raise hospitality taxes. He said raising the state alcohol tax is another possibility.

                    "It's being looked at along with lots of other things," he said. "There are no easy ways to do this, so who knows what the mix will be."

                    John Livengood, who heads the Indiana Restaurant Association said raising restaurant and hotel taxes would be "a terrible mistake" because Indianapolis "would have the highest hospitality taxes in the country and that's a bad way to lure people."

                    Livengood also criticized any attempt to raise alcohol taxes. He said 'historically it's been unpopular and secondly it doesn't raise a lot of money."

                    According to the Indiana Department of Revenue, state alcohol taxes were last increased in 1981. Last year, alcohol taxes generated nearly $44 million. The state shares part of the revenue with cities and towns.

                    Kenley stressed the legislation wasn't just about helping Indianapolis. New monies would also be provided for other parts of the state.

                    "We think the bill is a vehicle to help other communities do things," he said. "For instance, there's language in there for Fort Wayne to help with their convention center up."

                    Another part of the plan involves expanding the Professional Sports Development District. The district includes Lucas Oil Stadium, Conseco Fieldhouse, Victory Field and the convention center, with the income and sales taxes generated at those facilities helping to pay for them.

                    Kenley said he's briefed all the key players on the funding plan, including the Pacers, who expect to lose $30 million this year. The Pacers have asked the CIB to pick up the tab for running Conseco Fieldhouse, about $15 million a year.

                    Asked about the feedback he's received from the teams, Kenley said, "I think they're glad we're working on a solution but they may not be glad about the way we're laying it out."

                    Kenley will unveil further details about the plan during a committee hearing Thursday morning.
                    ...Still "flying casual"
                    @roaminggnome74

                    Comment


                    • #25
                      Re: WTHR | Lawmakers propose $45M plan to fund CIB, Pacers

                      Something I also found interesting...

                      Howey Politics Indiana
                      By: Brian A Howey
                      http://www.howeypolitics.com/2009/04...or-every-city/

                      CIB Bailout: Something for every city
                      INDIANAPOLIS - The next two Thursdays will go a long way toward shaping the final outcome of the Indiana General Assembly when it comes to the Capital Improvement Board bailout, the biennial budget, and perhaps even local government reform.
                      Senate Appropriations Chairman Luke Kenley has scheduled a briefing on a CIB solution at 5 p.m. today.
                      This Thursday, the Senate Appropriations Committe will hear HB1604, originally a hodgepodge of Allen and Vanderburgh county wants. Informed and reliable Senate sources tell HPI that it will be the vehicle for a CIB bailout that will not only benefit Indianapolis, “but every community in the state.” It is being driven by Senate President David Long and Sen. Kenley. The source said that everyone - the Pacers, Colts, CIB, Indianapolis - “all have to have skin in the game.” The source said that dealing with the Pacers has been much more “cordial” than dealing with the Colts.

                      ***Please login to view the entire article.***

                      I don't subscribe to this news letter, so I couldn't open the whole article
                      ...Still "flying casual"
                      @roaminggnome74

                      Comment


                      • #26
                        Re: WTHR | Lawmakers propose $45M plan to fund CIB, Pacers

                        Evidently the Indianapolis casino idea has been ruled out. It is amazing how quickly gambling has turned sour.


                        .
                        And I won't be here to see the day
                        It all dries up and blows away
                        I'd hang around just to see
                        But they never had much use for me
                        In Levelland. (James McMurtry)

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                        • #27
                          Re: WTHR | Lawmakers propose $45M plan to fund CIB, Pacers

                          RTV 6
                          By Norman Cox?
                          http://www.theindychannel.com/news/19069449/detail.html

                          INDIANAPOLIS -- State lawmakers will soon be asked to double the tax on alcohol in an effort to help bail out the massive operating deficit of Indianapolis' professional sporting venues.

                          Doubling the wholesale tax on beer, wine and spirits would bring in $42 million a year, or just about enough to cover the worst-case cost of operating Lucas Oil Stadium, Conseco Fieldhouse, Victory Field and the Indiana Convention Center put forth by the Indianapolis Capital Improvement Board, 6News' Norman Cox reported.

                          However, under the plan that will be proposed to lawmakers, only about $8 million from the alcohol tax would go to shoring up the deficit. The rest would be split up by cities and towns around the state.

                          To cover the rest of the deficit, lawmakers will also be asked to raise local hotel and motel taxes, as well as the food and beverage tax, and impose higher fees on tickets to stadium events.


                          But many lawmakers from Marion County and surrounding areas said Wednesday that their constituents are skeptical about bailing out the CIB when the professional teams aren't committed to giving anything back.

                          "People in Morgan County, and in general in my representative district, are opposed to that because of the popular perception that we're helping millionaire athletes and millionaire team owners," said Rep. Ralph Foley, R-Martinsville.

                          Colts executives wouldn't comment on what they might pitch in or even if they've been asked.

                          But the head of the CIB told Cox Wednesday that the team had been asked to contribute, but had not responded.

                          "They haven't told me that they're participating yet, but I'm hopeful that they will," said CIB President Bob Grand.

                          The Senate Appropriations Committee will vote on the bailout measure Thursday. The wholesale alcohol tax has not been changed in 28 years.

                          ------------------------------------------------

                          Why is the mainstream local media dancing around the Colts? Sounds like the dealing with the Colts in this whole thing has been "difficult".
                          ...Still "flying casual"
                          @roaminggnome74

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                          • #28
                            Re: WTHR | Lawmakers propose $45M plan to fund CIB, Pacers

                            Originally posted by Putnam View Post
                            Evidently the Indianapolis casino idea has been ruled out. It is amazing how quickly gambling has turned sour.


                            .
                            Thank god. My dad lived in Charlotte and I saw the video casinos on holidays. It's sad.

                            I like to gamble personally and I live downtown and I want no part of this as a solution. Money doesn't come for free, someone must be losing it rather than buying a car, Pacers tix, a new water heater, whatever.

                            The state is already plenty deep in the gambling biz. Let's get the income from a process that's a bit more productive to the overall economy as well.

                            impose higher fees on tickets to stadium events.
                            What a novel idea. People using the arena end up paying for the arena. It's almost like capitalism or something.

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                            • #29
                              Re: WTHR | Lawmakers propose $45M plan to fund CIB, Pacers

                              Originally posted by Roaming Gnome View Post

                              Why is the mainstream local media dancing around the Colts? Sounds like the dealing with the Colts in this whole thing has been "difficult".
                              Do they mean originally, or ~now~? If it is now, it's probably because the Colts signed their deal in good faith (whether they couldn't keep from laughing or not) and now are being asked to renegotiate an already negotiated deal.

                              Also, I thought part of the Colt deal was that a ticket tax couldn't be again added to the tickets? Wasn't that in the deal or was that a gentlemen's agreement that has went sour? That could also be a sore point (if my memory is correct).

                              And, has anything really been decided that we didn't already know (or could have guessed)? Of course the CIB was going to get funds and of course the Pacers were going to get what they were asking for. It was always the 'how' that was the real question. It seems to me that they've stated the obvious ("We're going to fund these entities") but the 'how' is still very much in question and being debated.
                              Nuntius was right for a while. I was wrong for a while. But ultimately I was right and Frank Vogel has been let go.

                              ------

                              "A player who makes a team great is more valuable than a great player. Losing yourself in the group, for the good of the group, that’s teamwork."

                              -John Wooden

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                              • #30
                                Re: WTHR | Lawmakers propose $45M plan to fund CIB, Pacers

                                Originally posted by Naptown_Seth View Post
                                Thank god. My dad lived in Charlotte and I saw the video casinos on holidays. It's sad.

                                I like to gamble personally and I live downtown and I want no part of this as a solution. Money doesn't come for free, someone must be losing it rather than buying a car, Pacers tix, a new water heater, whatever.

                                The state is already plenty deep in the gambling biz. Let's get the income from a process that's a bit more productive to the overall economy as well.
                                I still say it's coming... Whether we want it or not. Get back with me in about 10 years or so and let's see where the conversation is at.

                                They will get to a point where they will say "We've done everything possible and it's still not enough. There's too much resistance to increased taxes and user fees... The casino is our last hope"

                                IMO it is the valve that our elected officials know is there and know at some point they know they will open it.
                                Nuntius was right for a while. I was wrong for a while. But ultimately I was right and Frank Vogel has been let go.

                                ------

                                "A player who makes a team great is more valuable than a great player. Losing yourself in the group, for the good of the group, that’s teamwork."

                                -John Wooden

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