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WHEN BISARD APPEARS IN COURT IN
FEBRUARY.
Debby: THE CAPITAL
IMPROVEMENT BOARD HAS REACHED A
NEW DEAL WITH THE PACERS.
Eric: 24 HOUR NEWS 8'S TERESA
McACKIN.
Reporter: THEY VOTED TO
EXTEND THEIR CURRENT DEAL WITH
THE PACERS.
THE DEAL IS FOR A THREE-YEAR
CONTRACT THAT ENDS IN JUNE
OF 2013.
THE LATEST AGREEMENT GIVES THE
PACERS A $10 MILLION TO COVER
FIELDHOUSE.
THOSE ON THE BOARD SAY THIS
ALLOWS MORE TIME TO COME UP WITH
A LONG-TERM DEAL.
CLEARLY GOING THROUGH THE BUDGET
SEASON IT CREATED ADDITIONAL
UNCERTAINTY AS TO LONG TERM
WHERE WE WOULD BE FROM A
BUDGETARY PERSPECTIVE.
WE WANTED TO MAKE SURE THAT WE
HAD THE PACERS LOCKED INTO THE
BUILDING FOR ANOTHER SEASON.
WE HAVE FISCAL ISSUES
UNANSWERED AND ALSO BECAUSE OF
THE OPPORTUNITIES THERE IS A
WINDOW OPENING UP IN THE NEXT
COUPLE OF MONTHS WITH OTHER
TOOLS PROVIDED BY THE STATE THAT
WE CAN UNDERTAKE.
Reporter: HE'S TALKING ABOUT
TAXES THAT CITY LEADERS CAN
SHOES TO IMPLEMENT BEFORE MARCH.
ANOTHER HUGE INCOME, STATE BOARD
OF ACCOUNTS TOLD THE CIB NOT TO
MAKE A $15 MILLION PAYMENT THAT
IS DUE IN JANUARY.
THEY SAID IT WASN'T APPROPRIATE
TO TAKE ON THAT ADDED EXPENSE.
THAT MONEY WAS ALLOCATED IN T
THE 2013 BUDGET BY THE CITY
COUNCIL TO PAY FOR EXTRA PUBLIC
SAFETY MEASURES.
THE CIB IS CURRENTLY APPEALING
THAT DECISION.
THE PRESIDENT OF THE CIB SAYS
THEY DO HAVE $10 MILLION
APPROPRIATED FOR THE PACERS.
THAT WILL BE PAID IN TWO
$5 MILLION INCREMENTS.
THE TEAM SAID THEY ARE HAPPY
WITH THE AGREEMENT, AND NOW
LONG-TERM DEAL.
WE'LL LOOK AT HOW THAT IS
POSSIBLE AND BREAK DOWN THE
NUMBERS STILL AHEAD INTO THOSE
REVENUE SOURCES THAT LEADERS
WILL NOW CONSIDER.
WE'LL HAVE THAT STILL AHEAD ON
WISH TV AT 10:00 AND 11:00.