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Effective May 15, 2005, the Indiana Stadium and Convention Building Authority (“ISCBA”) was established pursuant to House Bill 1120, which has now been codified at Ind. Code 5-1-17, as a new agency of the state to finance, design, construct and own the Lucas Oil Stadium and an expansion to the Indiana Convention Center. Now that the stadium is complete, it is leased and operated by the Capital Improvement Board of Managers of Marion County (“CIB”). The CIB has, in turn, entered into a sublease with the Indianapolis Colts, pursuant to which the Colts will play their home NFL games within the Stadium. Lucas Oil Stadium is also marketed by the CIB, in conjunction with the Indianapolis Convention and Visitors Association, to host NCAA and other sporting events, conventions, concerts, tradeshows and other major public events. Lucas Oil Stadium was completed in August 2008.
In order to expand the Convention Center, the ISCBA demolished the RCA Dome and proceeded to finance, design, construct and own an expansion to the Indiana Convention Center. The Convention Center Expansion was completed in January 2011, and like the stadium is leased to and operated by the CIB. The CIB continues to own and operate the existing adjacent Indiana Convention Center.
The Indiana Stadium and Convention Building Authority is governed by a seven member board, comprised of four appointments by the Governor, two appointments by the Mayor of the City of Indianapolis and one appointment by the Governor following nomination from one of the counties surrounding Marion County.
Indiana Stadium and Convention Building Authority
c/o Indiana Finance Authority
One North Capitol Ave.
Indianapolis, IN 46204
Ph: (317) 232-4332