Colts, Indianapolis agree on stadium improvements

By: Associated Press Email
By: Associated Press Email

Indianapolis taxpayers will pay up to $2 million to build two new luxury suites at the home of the Indianapolis Colts.

The city's Capitol Improvement Board on Monday approved spending the money on Lucas Oil Stadium, which currently has about 140 suites. The Colts will pay any costs over $2 million.

The Colts will pay the cost two new electronic message boards at the stadium and about $70,000 to the board to settle a dispute over concessions revenues.

The Colts also agreed to collect a 10 percent admissions tax at the stadium. The City-County Council raised the tax from 6 percent in January over objections from the team.

The Capital Improvement Board owns and operates the major sports venues in downtown Indianapolis.

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