INDIANAPOLIS (April 12, 2019)—At its monthly board meeting today, the Capital Improvement Board of Managers (CIB) approved a resolution authorizing funding for the first long-term contract agreement with a Major League sports team in the city with no new taxes or fees.
"The Pacers have a long history in downtown Indianapolis, from the move to Market Square Arena in 1974 to the opening of Bankers Life Fieldhouse 25 years later. Today we are pleased to announce the Pacers will stay in Indiana where they belong for at least another 25 years," said Melina Kennedy, President of the Capital Improvement Board of Managers.