The Capital Improvement Board learned Monday that if the Indiana Pacers and Indiana Fever would leave downtown Indianapolis, it would cost the city millions in lost revenue and decrease the number of visitors by half.
Specifically, $55 million net loss of economic activity, $18 million net loss to city government and the CIB.
The CIB heard a report from a consultant who studied the impact of the teams. The city must decide whether to cut the teams a financial break and take over operations of Conseco Fieldhouse. Loss of both teams would cost the city an estimated $18 million a year.
The Pacers claim they need a new deal at Conseco to compensate for several seasons of slumping revenue.
according to fox59.com
