Friday, March 7, 2014

Lawmakers Roll Back Eleven Funding

Indiana lawmakers are wisely tapping the breaks on a giveaway stadium building deal for the Indy Eleven soccer team.

The Eleven hasn't played a game yet, and lawmakers were concerned that the numbers just didn't add up, according to WTHR.

The bill, which passed the House, bypassed the hearing process and is headed for a conference committee.  At that committee, members will be asked to take out the funding for the soccer stadium in SB 308.  If that holds up, the funding will be dead this session.  Senate President David Long told WTHR that he'd rather deal with the soccer team's funding next year during a long session.

It's a big setback for the Indy Eleven who were hoping to get $87 million plus a ten percent ticket tax to help pay off the bond over 30 years.  As for now, they have to pin their hopes on the conference committee not changing its mind and/or having a good first year in Carroll Stadium on the campus of IUPUI.

1 comment:

Louis Mahern said...

David Long may well be the at least semi-moderate Republican we've been looking for.