Complications
In August 2006, the Capital Improvement Board which, which operates the stadium, estimated that daily operating expenses of the new stadium would be $10 million more per year than the RCA Dome. The board urged the Indiana General Assembly to authorize funding to cover the shortfall. The Indiana Legislature considered a bill to raise sales taxes statewide to cover the shortfall, however this plan faces stiff opposition from legislators outside the Indianapolis metro area.
The assembly ultimately authorized a tax increase in Indianapolis-Marion County. In addition, the CIB trimmed staff and cut $10 million from its budget. Still, the agency anticipated a $20 million operating deficit for Lucas Oil Stadium in 2009. Anticipated expenses are $27.7 million—far outstripping the $7.7 million CIB expects to collect from its share of revenue from stadium events. The Colts organization has been criticized for the favorable lease terms and the high percentage of revenue it can keep under the terms of its agreements with the stadium authorities and there have been calls for the team to cover the shortfalls of the CIB. The Colts responded to these criticisms in an open letter to fans on September 16, 2009.
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