Big Win for Indiana

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Big Win for Indiana

Indiana Pacers to Remain in Indianapolis Following 25-Year Deal

Despite scoring just 29 second half points in a Game 1 loss to the Boston Celtics, the Indiana Pacers did receive some good news following the rough weekend.

The Pacers will remain in Indianapolis long term.

On Monday, it was announced that the franchise has agreed to a 25-year deal with the municipal government to stay put after an estimated $800-million commitment in public spending. The Marion County Capital Improvement Board voted unanimously in favour of maintaining the team in Indiana.

As per the terms, $295-million will go towards upgrading Bankers Life Fieldhouse, while $362-million will go towards operating the facility over the 25 year span. The $800-million will be taken from a combination of local and state sales and income taxes.

The Pacers will be required to pay a $750-million feel if they opt to leave the city early.

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