Reportedly, Lucas Oil Stadium has an almost $45 million operational shortfall. Now the question: who’s going to pay?
Interestingly enough, the original proposal would have financed the operational costs into the stadium’s long-term financing. That idea is about as crazy as an individual figuring what s/he will overspend over the next 30 years and getting a 120-year mortgage to make up the difference.
Some smarter politicians are saying that they’ll vote against any broad-based tax because the general public has paid enough for the facility. They are endorsing a user fee or 'ticket tax' of sorts, while also stating they need to have another look at whether other stakeholders, such as the Colts, are paying their fair share too.
I’m reminded of a story I read sometime back in the Indy Star, entitled "Financial terms of team's pact with Indy are among the most lucrative in NFL". Although the title pretty much sums it up, here’s the link: http://www.indystar.com/apps/pbcs.dll/article?AID=/20080824/NEWS05/808240397
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