Details. Details? Details!
6:00 p.m. UPDATE: I just left the briefing on the CIB, but the information from the briefing is embargoed until midnight. However it is fair to say my sources are pretty darn good. I’ll have the complete interview with Senator Luke Kenley and Mayor Greg Ballard on tomorrow morning’s show, as well as the rest of the details on the CIB.
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I’m hearing some more details out what Indiana lawmakers will propose tomorrow to deal with the Capital Improvement Board’s operational issues. Here’s what it looks like now, but please note, this could change.
- Pacers contribution reduced to $5 million.
- Colts contribution increases by $5 million.
- A 100 percent increase in the excise tax on alcohol which would generate about $40 million statewide, $8 million of which would go to the CIB.
- An increase in the admissions tax, as well as food and beverage taxes in Marion County.
- $10 million in “efficiencies” from the CIB.
- An expansion of the downtown sports district to include the new Marriott hotel.
That’s what I’ve been told so far. Remember this is a very fluid situation and could still change.
