Funding the CIB and the Pacers' 25-year, $800 million deal

Less than two weeks after the Capital Improvement Board signed a 25-year, $800 million agreement with the Indiana Pacers, the Legislature passed a bill that will fund that deal.

But the bill—which is now awaiting Gov. Eric Holcomb's signature—is about much more than just helping to fund a renovation and expansion of the Pacers' home arena, Bankers Life Fieldhouse.

The legislation also gives the CIB millions in new dollars to help it make ends meet over the next quarter century. Without that money, the CIB would be headed to insolvency.

Podcast host Mason King talks with IBJ reporters Lindsey Erdody and Mickey Shuey about the legislation, the Pacers deal and what the changes at the fieldhouse will look like.

To learn more about the legislation and how it impacts the CIB, read Erdody's story here. To learn more about the public plaza that will be included in the Bankers Life Fieldhouse project, read Shuey's story here.

News clips courtesy of WTHR-TV Channel 13 and WISH-TV Channel 8.

This episode of the IBJ Podcast is sponsored by nimboIP, your solutions in the cloud.