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Effective May 15, 2005, the Indiana Stadium and Convention Building Authority 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. 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 Indiana Stadium and Convention Building Authority demolished the RCA Dome and has proceeded to finance, design, construct and own an expansion to the Indiana Convention Center, which will be located on the current site of the RCA Dome. The Authority anticipates that the Convention Center Expansion will be substantially complete in the 4th quarter of 2010 and, once complete, it will also be leased to and operated by the CIB.
During and after the design and construction of both Lucas Oil Stadium and the Convention Center Expansion, the CIB will continue to own and operate the existing 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.
David R. Frick, Chairman - Former Indianapolis Deputy Mayor; retired Executive V.P./Chief Legal and Administrative Officer, Wellpoint, Inc.
Charles E. Golden - Retired Executive V.P./CFO, Eli Lilly & Company
John M. Mutz - Former Indiana Lt. Governor; retired President, PSI Energy
Joseph E. Loftus- Partner/Chair Public Policy Practice Group, Barnes & Thornburg LLP
Joseph M. Perkins, Jr. - Senior Counsel, Cummins, Inc.
John T. Thompson - President/CEO, Thompson Distribution Company, Inc.; CEO, First Electric Supply Company; CFO, CMID, Inc.
Steve Schwartz - Hamilton County Council
The Executive Director of the Indiana Stadium and Convention Building Authority is John P. Klipsch, former special projects director for the Indianapolis Bond Bank. John has considerable experience managing major construction projects including Conseco Fieldhouse and Circle Centre Mall.
© 2005-2007. Indiana Stadium and Convention Building Authority. All rights reserved. No copies or distribution permitted absent written permission.
Lucas Oil® and Lucas Oil Stadium™ are trademarks of Lucas Oil Products, Inc.