A “New” C.I.B.
Governor Mitch Daniels and Indianapolis Mayor Greg Ballard are calling for a new Capital Improvement Board that would oversee Conseco Fieldhouse, Lucas Oil, the new Convention Center and the major City-County properties.
The New CIB would combine the Marion County Building Authority and create the Facilities Management Board would be created. It would create a purchasing consortium to achieve savings. The FMB would oversee the jail and arrestee processing center, juvenile justice complex and public safety communications.
The new head of the CIB would be the still be appointed by the Mayor and it is unlikely that current Board President Bob Grand will remain in that position.
The mayor would get three appointees, the governor – 2, the City-County Council – 1, County Commissioners – 2, and the head of the Convetion and Visitors Association would also have a seat.
It would expand the PSDA to include the JW Marriott. And there would also be increases in hotel/motel tax, car rental tax and ticket tax.
The plan would save $47 million by capturing $27 million in expense cuts and $20 million in revenue.
- $13 million – from combined operation efficiencies of the CIB and Marion County Building Authority
- $10 million – previous CIB cuts
- $4 million – credit back up to cover CIB debt service obligation
- $4 million – hotel tax from 9 to 10 percent.
- $6 million – increase in Marion County admissions tax from 6 to 10 percent
- $2 million – increase in car rental tax from 4 to 6 percent
- $8 million – expansion of Professional Sports Development Area
Auditors hired by the Daniels administration did a comparison of the CIB operations to cities of similar sizes and found it spent an average of $3.42 for every $1.36 spent by other cities.
You can download a copy of the CIB Fact Sheet here. New CIB Fact Sheet
And audio from today’s press event can be found here. Daniels/Ballard News Conference on CIB
