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Pacers, city reach $160M deal to keep team in Indy

April 11, 2014
HOOSIER SPORTS 365



The Pacers will continue to play basketball in Indianapolis for at least a decade under a $160 million deal the team and the city plan to announce Monday morning.

The agreement locks the team into Bankers Life Fieldhouse for 10 years, with three one-year renewal options, according to documents obtained by The Indianapolis Star. In exchange, the city will provide $160 million to cover operating costs and facility upgrades.

The city's Capital Improvement Board is expected to vote on the deal Monday.

READ MORE: http://www.indystar.com/story/news/2014/04/10/pacers-city-reach-m-deal-keep-team-indy/7562117/


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