Colts Still in Race to L.A.

LKelley67 · 02-16-2005, 10:18 AM

The city's bid to finance a stadium for the Colts with taxes on new slot machines suffered a major setback Monday night when a House committee rejected a bill to authorize 5,000 new slots at the state's two horse tracks.

The vote by the Public Policy and Veterans Affairs Committee leaves Mayor Bart Peterson with no obvious way to finance the $500 million, retractable-roof stadium he proposed in December.

The mayor has consistently rejected calls to pay for the stadium partly with tax increases, and argues gambling is the best source for the $46 million annually he needs for a new stadium.

http://www.indystar.com/articles/2/222475-1832-196.html

cardboardboxer · 02-16-2005, 01:58 PM

Key players in the debate said that significant support exists in the legislature for keeping the Colts and building the team a new stadium.

Thats the difference. My uncle, (who lives in New Orleans and gets me the best scoops) tells me that he knows for a fact that the legislature in Lousiana doesn\'t support the new stadium. Some days I hate politics.

02-16-2005, 10:18 AM	#1
LKelley67 1000 Posts + Join Date: Jan 2005 Location: baton rouge Posts: 2,540	Colts Still in Race to L.A. The city's bid to finance a stadium for the Colts with taxes on new slot machines suffered a major setback Monday night when a House committee rejected a bill to authorize 5,000 new slots at the state's two horse tracks. The vote by the Public Policy and Veterans Affairs Committee leaves Mayor Bart Peterson with no obvious way to finance the $500 million, retractable-roof stadium he proposed in December. The mayor has consistently rejected calls to pay for the stadium partly with tax increases, and argues gambling is the best source for the $46 million annually he needs for a new stadium. http://www.indystar.com/articles/2/222475-1832-196.html

02-16-2005, 01:58 PM	#2
cardboardboxer Registered Join Date: Oct 2002 Posts: 65	Colts Still in Race to L.A. Key players in the debate said that significant support exists in the legislature for keeping the Colts and building the team a new stadium. Thats the difference. My uncle, (who lives in New Orleans and gets me the best scoops) tells me that he knows for a fact that the legislature in Lousiana doesn\'t support the new stadium. Some days I hate politics.
cardboardboxer Registered Join Date: Oct 2002 Posts: 65

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