Indiana lawmakers back proposal to keep Pacers in Indianapolis for another 25 years

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Indiana lawmakers backed a proposal to keep the Pacers in Indianapolis for another 25 years.

The Indianapolis Star reports, outside of the extended lease, the Pacers are also kicking in $115 million for facility upgrades at Bankers Life Fieldhouse.

About $63 million of that money is new money that would be used for improvements to the arena and related facilities, like a parking garage and a couple nearby hotels.

Fifty-two million dollars of the $115 million is money the team has already spent on its practice facility.

The bill also includes money for a professional soccer stadium.

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(This story was originally published on February 26, 2019)

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