Pacers plan on renegotiating arena leasePosted by Inside Hoops
The Indianapolis Star (Jeff Rabjohns) reports: NBA commissioner David Stern expressed confidence professional basketball would remain in Indianapolis but stopped short of saying he was certain it would. The Indiana Pacers have the right to renegotiate their Conseco Fieldhouse lease after this season, and plan to do so. The team has lost a reported $7 million the past two seasons, but co-owner Herb Simon told The Star at the end of January the amount is more than that… The Simons pay the cost for operating Conseco Fieldhouse, estimated at $15 million. The Capital Improvement Board pays the operating costs for Lucas Oil Stadium, which it says were $27.2 million in 2008.