Venue Detail
Indiana Pacers
RSV Pro Facilities Report
March, 2013
Indiana Pacers
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125 S Pennsylvania St Indianapolis, IN 46204 Phone: 317-917-2500 Fax: 317-917-2599 URL: www.nba.com/pacers Owner: Melvin and Herbert Simon League: National Basketball Association, Eastern Conference, Central
Venue
Bankers Life Fieldhouse, 125 S Pennsylvania St, Indianapolis, IN 46204 Owner: City of Indianapolis Managed by: AEG Facilities Built: 1999 Capacity: 18,345 Permanent concession stands: 137 Concessionaire: The Levy Restaurants Suite caterer: The Levy Restaurants Soft drink: Pepsi Cola Beer: MillerCoors
Naming rights
Sold to: Conseco Inc. Price: $40,000,000 Term: 20 years Expires: 2019
Ticket prices
Season tickets range from $410 to $40,500 Single tickets range from $10.00 to $650.00
Attendance
2010 average attendance: 14,202 2011 average attendance: 13,538 2012 average attendance: 14,168
Suites
Quantity: 69 Term: 5 to 10 years Price: $89,000 to $175,000 Seats: 20 to 50 Includes: Tickets.
Club seats
Quantity: 2,500 Term: 3 to 6 years Price: $3,936 to $4,320 Includes: Parking, in-seat wait staff.
Financing
The $183 million Conseco Fieldhouse was funded with $79 million in public money. The team is responsible for $57 million of the cost and the rest came from private contributions. Among those contributions is an in-kind contribution of $10 million from Eli Lilly and Co. for use of adjacent land for a parking lot.
Construction of a new 18,000-seat Conseco Fieldhouse began in July 1997 and it opened in 1999. The name changed in 2011 after Conseco was acquired by another firm.
The Indiana Pacers opened their new $183 million retro-style fieldhouse to an enthusiastic crowd. The venue replaced Market Square Arena and offers fans better sight lines, better concession facilities and a host of other improvements. Its design is intended to reflect a high school fieldhouse.
The venue features 71 luxury suites, including two party suites and 2,500 club seats. The venue has a 400-seat Varsity Club for the club seat holders.
Other amenities include larger and more locker rooms and improved press facilities.
The team gets all revenue and must pay $500 million in damages if it leaves before its lease expires.
That lease was amended in 2010 when the team sought financial help. The Capital Improvement Board that oversees the Fieldhouse approved a plan to give $33.5 million in financial support to the Pacers.
The nine-member board votedto provide the $10 million per year in funding, which began in 2010 and runs through 2013.
Under a deal presented by Mayor Greg Ballard and CIB leaders, the $30 million would help the Pacers, who have seen financial losses in recent years, offset the costs of operating the arena. The CIB also would pay $3.5 million for capital improvements that could include things such as a new scoreboard and updated telephone systems.
In exchange, the Pacers must remain in Indianapolis the next three years. If the team were to leave after that, it would have to pay back part of the $30 million on a decreasing scale, on top of the city's estimated $20 million in termination fees in the existing contract.
Courtside single game tickets range from $120 to $395.
In 2006, the club added a new club called Legends. Legends and the $5,750 annual membership will include tickets to all NBA Pacer and WNBA Fever games. Seats are personalized with name plates and members will have access to private parking.
The Legends membership also offers access to a private bar, conference and dining rooms and in-seat wait service. The restaurant, which is run by Levy Restaurants, will seat 120 people. Levy currently operates the Varsity Club, which is exclusive to the suite and club seat members. (Basketball, Facilities, Financial, NBA, Professional Sports)