Pacers face uncertain future at Conseco Fieldhouse

[Putnam]

Re: Pacers face uncertain future at Conseco Fieldhouse

The team bring in hundreds/ thousands of jobs.

Typical exaggeration.

The employment impact of the Pacers on Indianapolis is in the low hundreds. Any legitimate input/output tool you want to use and any valid set of assumptions will show the same result. No reliable I/O model would show employment impact in the thousands.

The Pacers employ less than 100 people total, and have service contracts with ? many more for cleaning and building maintenance. But none of those restaurants are there because of the Pacers' 41 home games a year -- and wouldn't be there at all if not for the daily business crowd and the convention center.

Heck, even if every $9 an hour restaurant job in Indianapolis were tied to the Pacers, I wouldn't justify them on that account. Would anyone? How many of us want to earn what a bus boy makes?

[able]

Re: Pacers face uncertain future at Conseco Fieldhouse

Jay stop drinking beer when you wake up !

[PacerGuy]

Re: Pacers face uncertain future at Conseco Fieldhouse

This just isn't true.

?????????

Team offices (general/marketing/sales/...), media, event staff/security, vendors/concessions, bar/restaurant/hotel staffing (to support the events), even scalpers "have a job"......

[rexnom]

Re: Pacers face uncertain future at Conseco Fieldhouse

It's because they envisioned a lot of Justin Bieber concerts and monster truck rallies that would increase their revenues. By operating the facility, the Pacers thought they'd be raking in money from those other events.

So the answer is, as always, more Bieber.

[Gamble1]

Re: Pacers face uncertain future at Conseco Fieldhouse

But thats just it, its not giving the Team money to operate.
Some one will correct me if i'm wrong i'm sure. But Simon's don't want any money for the Pacers. Its the operating of the venue. Which if you look at LOS, the CIB runs and operates the Venue. Simon not even asking for the same sweet heart deal the city gave Irsay. They just want the CIB to pay for running a CIB asset.

The problem is that I can think of no other business that says, "You pay for my building so I can operate my business free of charge".

Lets not compare public service to entertainment.

[Putnam]

Re: Pacers face uncertain future at Conseco Fieldhouse

So the answer is, as always, more Bieber.

I'm still laughing out loud every time I think of the word "waiftard," which Los Angeles coined for Justin Bieber.





.

[graphic-er]

Re: Pacers face uncertain future at Conseco Fieldhouse

The problem is that I can think of no other business that says, "You pay for my building so I can operate my business free of charge".

Lets not compare public service to entertainment.

But the Pacers do pay rent already. They have lease. That's what they are trying to renegotiate right now, terms of the lease.

[duke dynamite]

Re: Pacers face uncertain future at Conseco Fieldhouse

The deal with the Fieldhouse is that PS&E pays $1 per year to the city of Indianapolis for the lease of the arena. More-or-less called "play and operate" costs. When I say operate, I mean that PS&E can call the shots with events, etc.

PS&E is supposed to pay for and maintain all utilities and building expenses. PS&E is negotiating the costs of the upkeep (again, utilities and building expenses) with the city, not necessarily the lease.

So if you look at it, I can call up Rick Fuson and say, "Hey, I'm going to donate $1 each year until I am gone to pay for the rent of the Fieldhouse." Just think what kind of title that would give someone.

[Trophy]

Re: Pacers face uncertain future at Conseco Fieldhouse

If this was a major deal, we'd start to see and hear sources stating this. This is more of a hidden source.

I'm sure a lot of team's have "hidden sources" stating its financial problems.

The Kings have a far better chance at leaving Sacramento because of the low attendance and old arena. The city doesn't appear to have interest in building them a new one.

We're like the 76ers. We play in a nice new arena and are trying to bring in more fans. Both the Pacers and 76ers are about the same in attendance.

[Speed]

Re: Pacers face uncertain future at Conseco Fieldhouse

I argue this every year, but here's my take in summary. Pro sports teams make your city high profile as do events, thats why it's worth it to have them. The Final Four was like a year long advertisement for the city that culminated in a media blitz 2 weeks ago. How do you measure that?/

So I'm a CEO of a big company and want to relocate my company and add 1000s of jobs, I'm watching the Colts play in the Superbowl and think hey what about Indy. They are an up and coming city, they have the Pacers, host big events.

Or you are looking to have your WWF/truck pull/ Big Ten championship somewhere. Who has a venue to host these type things, hmmm, Indy has Conseco that was built for the Pacers, the convention center.

So you have more workers indirectly, more events, more taxable income and spending.

I mean I could go on and on. I usually like to invoke Louisville and folks say well what's wrong with Louisville, well nothing, but it just depends on how you want to grow your city and what types of things are available to you. Indy's downtown is just really nice and accessible, I directly relate that to the Pro Sports team bringing that to town. Maybe not completely, but a huge piece of the puzzle.

Of course, there are limits to everything and a certain times cities have to say that's enough. I get that, I just don't see this as that situation, at all.

Lastly, I've lived here my whole life, I've seen it grow and do some great things. Things that I don't think would have been possible without the franchises that are here, so I feel pretty strongly about this.

Just my opinon of course, but not likely subject to change.

[Putnam]

Re: Pacers face uncertain future at Conseco Fieldhouse

The Final Four was like a year long advertisement for the city that culminated in a media blitz 2 weeks ago. How do you measure that?

Like this:




(from The Onion)


WASHINGTON—Shots of the Indianapolis skyline scheduled to air during the 2010 Final Four will be extremely depressing and will momentarily infuse viewers with a sense of overwhelming bleakness, the U.S. populace reported this week. "When they come back from commercials I'll have to look at these uninspired, cold-looking buildings. There are those two really tall ones that kind of look dead, like nothing's really going on inside of them," said Andover, MD resident Nathan Kowalski, adding that during the Colts' 2009 Super Bowl run, aerial shots of the metropolis put him in such a deep malaise that he had to stop watching the NFL playoffs. "I bet they'll show night shots of the skyline, too. Which will look just as dead, because who wants to be caught in Indianapolis at night when everything is closed and there's nothing to do? I hope they just show the New York City skyline and cut to the game." At a press conference Thursday, Indianapolis mayor Greg Ballard seemed to be on the verge of defending his city, but ultimately sighed and agreed with the rest of the country.[/QUOTE]

http://www.theonion.com/articles/shots-of-indianapolis-skyline-to-depress-nation-du,17163/

[Speed]

Re: Pacers face uncertain future at Conseco Fieldhouse

Like this:



http://www.theonion.com/articles/sho...tion-du,17163/

Ha, well it's not New York, thank God!!

Also, I don't think business owners think ya it's a nice place, but where can I get my party on every night.

[Unclebuck]

Re: Pacers face uncertain future at Conseco Fieldhouse

I can live with the Pacers moving. Really I can. But if they move because of the $15M per year to run Conseco and if that is the major issue, I will never forgive and forget that.

[duke dynamite]

Re: Pacers face uncertain future at Conseco Fieldhouse

I can live with the Pacers moving. Really I can. But if they move because of the $15M per year to run Conseco and if that is the major issue, I will never forgive and forget that.

$15 million or $150 million, I'll be pretty disappointed regardless if the Pacers were to leave if you ask me.

[Gamble1]

Re: Pacers face uncertain future at Conseco Fieldhouse

But the Pacers do pay rent already. They have lease. That's what they are trying to renegotiate right now, terms of the lease.

To me its just another form of corporate welfare. The taxpayer pours in money so a company can operate. Collectively we can front the money but when you have so many incentives for other companies doing the exact same thing the problem because much much bigger.

Its easier for me to accept if the Simons are proactive on their part and back it up with facts. The fact is the NBA owners have not been proactive enough and so here we sit with a threat of "exploring all options".

If the current NBA isn't profitable without tax payers chipping in to fund operating cost then they should have seen that a long time ago. Like 9 years ago when the first signs of going into the red was apparent.