News Sections
Pacers Land $160M Deal To Stay In Indianapolis
Updated April 11, 2014 6:36 AM | Filed under: NBA
 Print    Archive    RSS

(Indianapolis, IN) - The Pacers have come to an agreement with the city of Indianapolis on a new deal to keep the franchise at Bankers Life Fieldhouse for a minimum of ten more years.

According to multiple media outlets, the agreement keeps the Pacers in Indianapolis through the 2023-24 season and includes three one-year options that run through the end of the 2026-27 season.

The 2027 date coincides with the final debt payments on the Fieldhouse.

The city will pay the team $160-million dollars to cover operating costs of the Fieldhouse plus an additional $26.5-million dollars has been allocated for upgrades to the Fieldhouse.

The Indianapolis Capital Improvement Board is set to vote on the plan Monday, at which time an official announcement is expected. The CIB currently pays the Pacers an average subsidy of $11.2-million dollars under a three-year agreement.

« Previous Article
Next Article »

 Print    Archive    RSS

Have a question or comment about a news story? Send it to

Advertise with 1340 AM WBIW
Find more about Weather in Bedford, IN
Advertise with 1340 AM WBIW

1340 AM WBIW, Bedford's Place To Talk. Serving Lawrence and surrounding counties since 1948!

© 2018 Ad-Venture Media, Inc. All Rights Reserved. and Listen Live Powered by HPC

Advertise  |  Careers  |  Contests  |  About  |  Feedback  |  Public File