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A new study has concluded that Indianapolis businesses would lose $55 million if the Indiana Pacers left town.More...
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A new study has concluded that Indianapolis businesses would lose $55 million if the Indiana Pacers left town.
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Re: Indianapolis would lose $55 million if Indiana Pacers left [ESPN]
CIB president Ann Lathrop said the sides haven't come to an agreement, but they are discussing a deal in which the CIB would pay the operating costs and still let the Pacers play there.
"I think that is the primary basis of a lot of our discussions right now," Lathrop said.
More than a year ago, the CIB said the team could move, be sold or shut down if a resolution isn't reached. Team president Larry Bird has said he has received calls from people who want to move the team.
The Pacers have said they'd like to have a deal in place by June 30. Lathrop said she's not in a hurry.
"I think all of us would like to, if there's going to be an agreement, have something within reason, but we're also making sure that whatever is done is done right, and not by rushing," she said.Nuntius was right for a while. I was wrong for a while. But ultimately I was right and Frank Vogel has been let go.
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"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 -
Re: Indianapolis would lose $55 million if Indiana Pacers left [ESPN]
As opposed to paying the operating costs and NOT letting the Pacers play there?CIB president Ann Lathrop said the sides haven't come to an agreement, but they are discussing a deal in which the CIB would pay the operating costs and still let the Pacers play there.
I bet the reporter missed a point and that point is surely the CIB is wanting a bite of the revenues for non-Pacer events if they are going to pick up the full tab on the building and allow the Pacers to continue to lease it for 1.00 per year.Nuntius was right for a while. I was wrong for a while. But ultimately I was right and Frank Vogel has been let go.
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"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 WoodenComment
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Re: Indianapolis would lose $55 million if Indiana Pacers left [ESPN]
I wonder who paid for this study?Comment
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Re: Indianapolis would lose $55 million if Indiana Pacers left [ESPN]
$55 million over how many years?Comment
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Re: Indianapolis would lose $55 million if Indiana Pacers left [ESPN]
It's top secret information but if you know the proper ways you can find the information out...
...like clicking the link and reading the full story!Hunden Strategic Partners conducted the research for the Marion County Capital Improvement Board, which shared the findings Monday.
Nuntius was right for a while. I was wrong for a while. But ultimately I was right and Frank Vogel has been let go.
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"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 WoodenComment
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Re: Indianapolis would lose $55 million if Indiana Pacers left [ESPN]
It's the estimated annual contributions of Pacers / Fever to the economy.
by Scott Olson, IBJ, May 10
The Indiana Pacers and Indiana Fever contribute an estimated $55 million a year to the Indianapolis economy, according to a study conducted by Chicago-based hospitality consulting firm Hunden Strategic Partners.
Together, the professional basketball teams—which host a combined 77 games annually at Conseco Fieldhouse—support 900 jobs and draw about 700,000 fans to the downtown venue, the study found.
Hunden Strategic Partners released the results at a Monday meeting of the Capital Improvement Board, which commissioned the study as it weighs whether to take over $15 million in annual Conseco Fieldhouse operating expenses.
[~]) ... Cheers! Go Pacers!Comment
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Re: Indianapolis would lose $55 million if Indiana Pacers left [ESPN]
Another good reason for the CIB to pay for the Fieldhouse's opporating costs and to keep the Pacers here.
After seeing this, there's no doubt in my mind that the city would let the team leave.
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Re: Indianapolis would lose $55 million if Indiana Pacers left [ESPN]
Good point. Or, is that figure somehow an annual figure, which stretches credibility at best?
On top of that, what attendance figures are they using to come to that conclusion -- the announced bogus attendance figures, or the actual people in the seats figures, which are substantially lower over the last several years and will likely be for the next year or two at least until the team becomes more competitive and likely to make the playoffs?Comment
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Re: Indianapolis would lose $55 million if Indiana Pacers left [ESPN]
The city will have to pay the $15 million a year operating costs whether the Pacers are here or not, might as well pay it and keep them."Just look at the flowers ........ BANG" - Carol "The Walking Dead"Comment
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Re: Indianapolis would lose $55 million if Indiana Pacers left [ESPN]
Much of that 55mil is smoke and mirrors...
That money would just get spent elsewhere in the Indy area. In fact, it's taking it away from other areas to bring it downtown.
The Pacers do so little marketing outside of I465 that I have my doubts that any significant portion of that money would come from outside of Marion county in the first place. ...But it's sure not the same as tourism dollars being pulled in from all over the state and (more importantly) country and brought to Indy.Nuntius was right for a while. I was wrong for a while. But ultimately I was right and Frank Vogel has been let go.
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"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 WoodenComment
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Re: Indianapolis would lose $55 million if Indiana Pacers left [ESPN]
It can't be a good thing that the idea of the Pacers leaving is a common topic."Look, it's up to me to put a team around ... Lance right now." —Kevin Pritchard press conference
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Re: Indianapolis would lose $55 million if Indiana Pacers left [ESPN]
I guess I don't understand how it's 'obviously' 'mostly smoke and mirrors' yet professionals hired to study such situations would be blind to that 'fact.'Comment
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Re: Indianapolis would lose $55 million if Indiana Pacers left [ESPN]
I know we have a lot of fun in this forum, but for the life of me, I do not understand so much negativety and skepticism. I wonder if you live your whole life in that manner. I know I would not be able to live my life that way. JMOLast edited by Unclebuck; 05-10-2010, 10:14 PM.Comment
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Re: Indianapolis would lose $55 million if Indiana Pacers left [ESPN]
maybe they wouldn't spend the money elsewhere. Maybe they wouldn't spend it at all, or certainly spend it outside of marion county I know a lot of people who go to games live in Hamilton, Johnson, Hendricks counties. Maybe someone would spend the money instead on a vacation to florida (and indiana doesn't get a dime) I know people who instead of taking two vacations a year ouside of the state they buy Pacers tickets and either don't leave the state for vacation or only leave once a year.
$55 seems reasonable. Plus think of the longterm impact, the cumulative effect of businesses closing around ConsecoLast edited by Unclebuck; 05-10-2010, 10:13 PM.Comment
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