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Indianapolis will pay for suite expansion at Colts stadium

Cleveland Browns v Indianapolis Colts Getty Images

Colts owner Jim Irsay has been thumping his chest about spending millions for free agents.  That’s easier to do when he doesn’t have to spend millions on improvements to the stadium in which his team plays.

According to the Indianapolis Star, the city will be footing the $2 million bill for enhancements to suites at Lucas Oil Stadium.  And while that’s not a huge expense in the grand scheme of things, that same argument could be made in support of the Colts paying for their own [insert expletive] upgrades.

“My question is: Why is the city paying for something that the Colts are just going to make money off of?” City Council member Zach Adamson said, via the Star.  “We’re going back to a situation where the Colts are coming back to the city with their hands out, asking for more of what is limited.”

The Colts are doing it because they can, and because the city is willing to do whatever needs to be done to keep the local billionaire happy.  Because if the local billionaire isn’t happy, he eventually may load up the Mayflowers and go to a city that will make him happy.

And that’s all you need to know about stadium economics.

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57 Responses to “Indianapolis will pay for suite expansion at Colts stadium”
  1. h3min1230 says: Apr 9, 2013 2:01 PM

    OMG who carrreessss?

  2. bcb1999 says: Apr 9, 2013 2:03 PM

    Didn’t they *just* build that thing? Already needs changes?

  3. llindy86 says: Apr 9, 2013 2:05 PM

    I’m from Indy and I don’t care about this. I’m just awaiting our rise to the top once again.

  4. logicalvoicesays says: Apr 9, 2013 2:07 PM

    RGIII…winner, Top Rookie, sells more jerseys…Good choice Irsay.

    LOLZ.

  5. n0hopeleft says: Apr 9, 2013 2:11 PM

    Last time I checked, Andrew Luck has as many wins as RGIII in the post-season.

    Therefore, Irsay made the correct choice at QB, because his still has the knees of an athlete, not an old geezer.

  6. omegalh says: Apr 9, 2013 2:11 PM

    If you dont pay, theyll move. Its that simple.

  7. whatnojets says: Apr 9, 2013 2:11 PM

    Empty Mayflower trucks departing Lucas Field

  8. karlton3 says: Apr 9, 2013 2:12 PM

    Actually, the ticket holders are paying for the upgrades because in the offseason, Indianapolis raised ticket taxes 67% from 6% to 10%.

  9. tomtravis76 says: Apr 9, 2013 2:13 PM

    Once marijuana is legalized ,every state will be able to afford to build stadiums/arenas for pro sports teams with the tax revenue generated.

  10. kingmj4891 says: Apr 9, 2013 2:16 PM

    The Colts are located in Marion County which has an income tax rate of 1.62% @ a salary cap of 120Million that is 1,944,000.00 in taxes that the players will pay add in all the additional employees and paychecks alone make it worth the money the city paid on the Colts behalf. Plus all the money brought to the city because the team is there. That is not counting state taxes and the additional money spent that brings economical benefit to Indy.

    That is why the colts didn’t pay for their own [insert expletive] upgrades.

  11. S.Nevada says: Apr 9, 2013 2:16 PM

    When asked for comment, Irsay tweeted:

    “Kunstruxion winds R Blowin! ALL SWEETS WILL have massagge Chairs!!!11!” #Drunj

  12. jimfix says: Apr 9, 2013 2:17 PM

    The part you left out was that the $2 mill is coming out of money ALREADY BUDGETED for cost overruns on the stadium. For $2 mill the city can return their investment within a year by increasing seating capacity and adding more boxes for other events. Also the Colts are pitching in for new ribbon boards that they are paying for themselves. The city owns the stadium, not the Colts, so they have to approve any work to it. But we can’t really expect you to, you know, read the article you linked to your story.

  13. thegreatgabbert says: Apr 9, 2013 2:18 PM

    @karlton3 – Hope you aren’t the team’s financial officer.

  14. brendank11 says: Apr 9, 2013 2:18 PM

    Did you just use jersey sales as a reason RGIII should’ve gone 1st to Colts?? Wow…

  15. butterstone84 says: Apr 9, 2013 2:20 PM

    lol city funds for seats no one from the “city” will ever get to sit in

  16. anarchopurplism says: Apr 9, 2013 2:22 PM

    Government Wolf made a deal with Sports Team Wolf. They decided that People Sheep wouldn’t mind shearing a couple more hairs to make sure the sports-viewing rooms had bigger flat screen TVs & granite counters.

    We fight over how many hairs the Wolves should pluck from the Sheep, who gets to make or keep the fabric & how the fabric gets used. They even allow the Sheep to talk because even the Sheep “has a voice.”

    Unfortunately, at some point, there are more Wolves than Sheep.

    What then?

  17. MyTeamsAllStink says: Apr 9, 2013 2:23 PM

    Can you guys relocate the report comment button to the side?I always hit it instead of thumbs up or down.Its a pain in the butt on an iPad TYIA

  18. humb0lt says: Apr 9, 2013 2:24 PM

    Welfare for billionaires. It is something we should all care about. Thanks for being a watchdog on this Mike Florio.

  19. peytonsneck18 says: Apr 9, 2013 2:24 PM

    IRG3 gimmick qb with tore up knees, Luck is top up n coming qb that will only get better,Irsay nade the right choice, IRG3 is vastly overated

  20. jimmyt says: Apr 9, 2013 2:25 PM

    “Once marijuana is legalized ,every state will be able to afford to build stadiums/arenas for pro sports teams with the tax revenue generated.”

    Don’t kid yourself. We have heard the same thing about gambling and all other “sin” taxes for years. The big fat bloated pig we call government will gobble up any and all new revenues from any and all taxes and have it’s snoot out for more. You could wipe our debt clean and you know what the politicians would do…SPEND, SPEND, SPEND!!!

  21. guitarmaninks says: Apr 9, 2013 2:26 PM

    So if the Colts pay for it will they get paid when suites are rented out for other events? You guys need to depart from anything close to MSNBC

  22. brutus9448 says: Apr 9, 2013 2:32 PM

    Irsay is the worst owner in the NFL period.

  23. melikefootball says: Apr 9, 2013 2:41 PM

    And the NFL does not pay taxes.

  24. pftbillsfan says: Apr 9, 2013 2:46 PM

    Also because of the local sales tax the stupid ass city will bring in in revenues. Nothing like a politician beating his chest when he knows the answer. If it was a money loser it wouldn’t be done, instead it will create revenues that by year 2-4 will be profits.

  25. bmoreravens1012013 says: Apr 9, 2013 2:49 PM

    I can’t wait to read Irsay’s rebuttal , via tweet…Can somebody please tell “illogicalvoice ” that RG3 is the equivalent of Darren Mcfadden. Great talent but will always have injury issues. And like the Raiders, the Deadskins are snake-bitten….. They sell the farm to finally get a “saviour” at qb, and he can’t even stay on the field a full season. Then we get Redskin fans like “illogicalvoice” telling us how great they are when everyone with eyes and ears know they haven’t been relevant for over a decade now..What a joke….

  26. indywilson40 says: Apr 9, 2013 2:51 PM

    Am i supposed to be mad about this? This happens in virtually every NFL city in America.

  27. nfloracle says: Apr 9, 2013 3:00 PM

    Off Topic Suggestion:

    Since you stirred up a hornet’s nest with some of us, how about an update on the status of keeping or flushing comments on PFT?

    I, for one, am losing sleep at night worrying that the PFT comment section will disappear.

  28. chc4 says: Apr 9, 2013 3:03 PM

    melikefootball says: Apr 9, 2013 2:41 PM

    And the NFL does not pay taxes.
    _________________________________

    Our last Treasury Secretary was an admitted tax cheat. GE doesn’t may a dime in taxes either. Does it get any more bizarre than that?

  29. fruitcovejag says: Apr 9, 2013 3:05 PM

    @S. Nevada hilarious!!! Could almost actually see a red-faced, eyes-half-closed drunk Irsay slurring this into a microphone!

  30. tpa43 says: Apr 9, 2013 3:06 PM

    I’m ok with it as long as the NFL city now owns part of the team until the money is paid back with interest. Same as buying a home or a car. You don’t own it!

  31. ijahru says: Apr 9, 2013 3:10 PM

    or maybe the city of Indianapolis saw how much they benefited from hosting a Super Bowl that they wanted to make a gesture to ensure that future Super Bowls would be played there. Can someone confirm Irsay’s greed or is this just more national enquirer journalism from PFT?

  32. musicman495 says: Apr 9, 2013 3:14 PM

    peytonsneck18 says: Apr 9, 2013 2:24 PM

    IRG3 gimmick qb with tore up knees, Luck is top up n coming qb that will only get better,Irsay nade the right choice, IRG3 is vastly overated
    ————————————–
    I guess you hadn’t noticed, but Peyton and his neck are somewhere else now. IN fact, Somewhere Else is where all people in Indianapolis who have a choice end up.

  33. croghan1919 says: Apr 9, 2013 3:25 PM

    h3min1230 says:
    Apr 9, 2013 2:01 PM

    OMG who carrreessss?

    ___________________________
    If you live in a city thats starts getting blackmailed by said team and has to start cutting
    services like street cleaning, trash collection, road repair and other essential maintenance services… YOUUUUU will care.

  34. squared80 says: Apr 9, 2013 3:43 PM

    logicalvoicesays says:
    RGIII…winner, Top Rookie, sells more jerseys…Good choice Irsay.LOLZ.

    Last time I checked, RG3 was down for the count with a massive knee injury, in a league where a mobile quarterback’s longevity has always been in serious doubt. I hope RG3 sticks around awhile and does amazing things, but your ignorant comment shows just how much you know about football: nothing. Luck was the obvious first choice of any team, including the Redskins. Get over it.

    Oh, and Tim Tebow sold more jerseys than RG3… by your logic, that makes him a better quarterback.

  35. green41563 says: Apr 9, 2013 3:47 PM

    Boy, rich people sure love their welfare.

  36. granadafan says: Apr 9, 2013 4:15 PM

    Some poster have asked, “Who cares?”. Taxpayers should care. People planning on visiting cities with NFL teams should care because your hotel bill will likely cost extra to pay for a billionaire’s elaborate palace.

    Whether the cost is 2 million or 500 million, the point is that the NFL is holding cities and counties hostage by making the taxpayers pay for their place of business. Then they charge enormous prices just to attend the games. If the games are not sold out, they ban you from even watching on TV. If you’re ok with that, then fine.

  37. crush22 says: Apr 9, 2013 4:31 PM

    granadafan says:
    Apr 9, 2013 4:15 PM
    Some poster have asked, “Who cares?”. Taxpayers should care. People planning on visiting cities with NFL teams should care because your hotel bill will likely cost extra to pay for a billionaire’s elaborate palace.

    Whether the cost is 2 million or 500 million, the point is that the NFL is holding cities and counties hostage by making the taxpayers pay for their place of business. Then they charge enormous prices just to attend the games. If the games are not sold out, they ban you from even watching on TV. If you’re ok with that, then fine
    _________________________________

    Try reading the few posts above that explain this. The CITY owns the stadium. Is money was already in a “over” fund. It’s already covered.
    This is nothing more than Mikey Boy’s hatred for all things Colts, which in the end makes him look the fool (as he often does).
    Indy = SB 2018.

  38. CKL says: Apr 9, 2013 4:45 PM

    Honestly, let the owner move his team I say. It’s easy to be a fan in another city now, unlike pre Sunday Ticket. There’s no reason any displaced fan can’t sit at home and watch their team on Sunday Ticket and nowadays most of us prefer it. This isn’t like when Bob Irsay moved the Colts to Indy…those fans in Balt didn’t have a way to watch the Colts except if they happened to be broadcast locally.They’re looking for ways to boost attendance and they have ideas like lockerroom cam when most of us fans have about a billion other reasons we don’t like to go to games and not one was that we wish they had a lockerroom cam. If they are that out of touch with what fans really want and/or unwilling to consider options that might cost them a little revenue in the short term while growing attendance in the long term, and costing unwilling taxpayers money if it is a building used for private use only (as stadiumstend to be)move the team then.

  39. croghan1919 says: Apr 9, 2013 4:59 PM

    h3min1230 says:
    Apr 9, 2013 2:01 PM

    OMG who carrreessss?

    ___________________________
    If you live in a city that ha s a pro sports team and starts getting blackmailed by said team and has to start cutting services like street cleaning, trash collection, road repair and other essential maintenance services… YOUUUUU will care.

  40. hrmlss says: Apr 9, 2013 5:14 PM

    They just built that barn!

  41. musicman495 says: Apr 9, 2013 5:14 PM

    squared80 says: Apr 9, 2013 3:43 PM

    Oh, and Tim Tebow sold more jerseys than RG3… by your logic, that makes him a better quarterback.
    ——————-
    Actually, no:

    “Robert Griffin III finished the fiscal year with the highest-selling single-season jersey in NFL history, as first reported by ESPN.com’s Darren Rovell. The league’s NFLShop.com data only goes back to 2006, but league merchandise experts are certain — based on merchandising trends and larger sales figures — that no NFL player has ever sold more jerseys in a single year than RGIII just did.

  42. peytonsneck18 says: Apr 9, 2013 5:24 PM

    attention haters, the colts arent going anywhere, the city does own the Luc,and this is just to entice the super bowl board to bring another SB to Indy in the near future, so logicalvoices, go back to worshipping yr rg3 vodoo doll

  43. wethog66 says: Apr 9, 2013 5:32 PM

    Surely Irsay can use the money he spends on his bad suits to fund this upgrade, but he won’t. Like father, like son.

  44. indyspeedo says: Apr 9, 2013 5:44 PM

    Can’t help but why Florio would even care about this other than the fact that it seems to be personal. The Colts generate millions of dollars of revenue on football weekend not to mention the concerts or other venues that are held at Lucas Oil Stadium. So it might appear that the money is for the Billionaire but even if the Billionaire leaves the city will still be able to generate income.

  45. 31haters says: Apr 9, 2013 5:47 PM

    I am amazed at all of the morons that spout off at the mouth on this site. Look at yourself in the mirror and then look up the term Loser in the dictionary. Case closed

  46. Robert says: Apr 9, 2013 5:50 PM

    Honestly, let the owner move his team I say. It’s easy to be a fan in another city now, unlike pre Sunday Ticket. There’s no reason any displaced fan can’t sit at home and watch their team on Sunday Ticket and nowadays most of us prefer it. This isn’t like when Bob Irsay moved the Colts to Indy…those fans in Balt didn’t have a way to watch the Colts except if they happened to be broadcast locally.They’re looking for ways to boost attendance and they have ideas like lockerroom cam when most of us fans have about a billion other reasons we don’t like to go to games and not one was that we wish they had a lockerroom cam. If they are that out of touch with what fans really want and/or unwilling to consider options that might cost them a little revenue in the short term while growing attendance in the long term, and costing unwilling taxpayers money if it is a building used for private use only (as stadiumstend to be)move the team then.

    ************************

    The only place the Colts could move would be L.A.

    It would interesting if the Colts and Rams end up in the same city.

    I believe in the 70′s the former owners of these teams traded franchisesdeeds with one and other.

    I could be wrong.

  47. zeedoubleyou says: Apr 9, 2013 5:56 PM

    All I thought when reading this article was, “Aha, so this is why Florio can’t put together a decent mock draft. He wastes half his time trolling Jim Irsay.”

  48. tmb333 says: Apr 9, 2013 6:41 PM

    kingmj4891 says: Apr 9, 2013 2:16 PM

    The Colts are located in Marion County which has an income tax rate of 1.62% @ a salary cap of 120Million that is 1,944,000.00 in taxes that the players will pay add in all the additional employees and paychecks alone make it worth the money the city paid on the Colts behalf. Plus all the money brought to the city because the team is there. That is not counting state taxes and the additional money spent that brings economical benefit to Indy.

    That is why the colts didn’t pay for their own [insert expletive] upgrades.
    ==========
    1. Not all players live in Marion County or Indiana for that matter.
    2. They only pay tax on the income received while working in Marion County.
    3. Why does everyone think pro sports pay for themselves. Indy will never regain the billions spent on the Colts. No study shows an economic benefit from pro sports. Perhaps civic pride, but no money. Nearly all people that attend games live in central Indiana and would spend the money somewhere there.
    4. Indy – like all other cities – lost money hosting the superbowl.

    If pro sports are viable why can’t they pay their own way?

  49. lanman11 says: Apr 9, 2013 6:48 PM

    The Patriots built and paid for their own stadium. Why can’t the Colts do this?

  50. clw1906 says: Apr 9, 2013 7:22 PM

    You non football knowing fans have got to be the biggest goods debating Luck and RGIII and jersey sales and whatever. Do us real football fans a favor and find another site for your childish trolling.

  51. ravensbob says: Apr 9, 2013 8:14 PM

    Los Angeles Colts

  52. peytonsneck18 says: Apr 9, 2013 8:14 PM

    You non football knowing fans have got to be the biggest goods debating Luck and RGIII and jersey sales and whatever. Do us real football fans a favor and find another site for your childish trolling

    shut up clown, yr wife is next!!!

  53. laxcoach37 says: Apr 9, 2013 8:52 PM

    Huh ? How is this possible? says all the taxpayers in Charlotte and Miami ??

  54. peytonsneck18 says: Apr 9, 2013 9:11 PM

    los angelos colts??? man u must be high, no way indianapolis will let the colts go, they just recently signed a 10 year agreement to stay in nap, troll on, u must be a jags fan, that explains it all, get rid of the colts and u guys might have a chance to take the afc south……………NOT!!!

  55. jimfix says: Apr 9, 2013 9:25 PM

    why are people talking about the colts leaving? that isn’t even an option, and they don’t want to.

    the city did lose money on the super bowl, less than they budgeted though. the BUSINESSES IN THE CITY made a ton of money. which is why the city does it, as an investment in itself. of course the municipality loses money, but just like cities who host any convention, the money is made by local businesses which generates tax revenue and more interest in the city which leads to more businesses and more tax revenue, etc.

    this is such a dumb non-issue. like i said above, the money was already budgeted for overruns and would have been spent on general maintenance anyway.

  56. gbar22 says: Apr 9, 2013 9:46 PM

    It’s getting to a point where you just say “then go”

  57. andylucksneck says: Apr 10, 2013 7:33 AM

    FedEx field is owned by Daniel Snyder and the redskins. That’s why they are one of the most profitable sports franchises in the world. Hate on peytonsneck we love hearing from idiots like you.

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