Indiana

Governor to Unveil CIB Plan This Week

By Abdul Hakim-Shabazz

Indiana Governor Mitch Daniels says he will unveil a plan this week to address the Capital Improvement Board’s financial situation.

The CIB is running an estimated $47 million shortfall and lawmakers failed to come up with a funding solution during the closing days of the last session.

The Governor said that the plan will a reveal a way forward that people can gather around and bring about a successful outcome.  He also says it will look different than previous plans and that he and his team and have made some discoveries that will help them find a better way forward.

Daniels did not give specifics, but sources tell me his plan will likely  include consolidating the operational functions of Lucas Oil Stadium, Conseco Fieldhouse and the new Convention Center.  Currently the Capital Improvement Board manages Lucas Oil and the Convention Center, while the Pacers run Conseco.   The plan will also look for efficiencies and savings in operations.

The Governor did stress the importance of the new Convention Center and that it is a profit center for the entire state.  And that could mean less money for programs for communities from across Indiana.

The Governor made his comments today at Lucas Oil Stadium at a fundraising event for Riley Hospital for Children.

Full post as published by Indiana Barrister on May 31, 2009 (boomark / email).