The Indiana Pacers say the team could be forced to move to a new city if Indianapolis doesn’t start paying the cost of running Conseco Fieldhouse.
Since the 18,345-seat venue opened 11 years ago, the Pacers’ lease with the city has required the organization to pay for the building’s general operating costs, estimated at $15 million per year.
But since March 2009, owner Herb Simon and the Pacers’ top brass have insisted the economics of operating a small-market NBA franchise make it fiscally impossible to also pay to keep the arena running.
On Tuesday, Pacers Sports & Entertainment President Jim Morris said if a deal isn’t inked by June 30, Simon would have to start searching for other solutions, and nothing would be off the table.
Cereplast Inc., will expand its Jackson County facility from 11 to about 80 employees by 2011.
Belden Americas Group in Richmond is recalling the last of 70 workers laid off in February 2009 thanks to an upswing in production.
The Goshen City Council has approved the creation of a temporary “economic revitalization area” to try and spur economic development on the city’s south side.
The Indiana Dunes State Park recorded a record 1.1 million visitors last year.