Good news for the Colts. The Stadium funding bill passed, 108-36
After four months of sometimes angry debate, the General Assembly took a crucial step toward solidifying the city's NFL future Friday night by easily approving a financing plan for a new Colts stadium and expanded Indiana Convention Center.
Ground-breaking for the new, retractable-roof stadium is scheduled for August 1, with completion of the stadium scheduled for 2008. The convention center expansion is slated to begin at that time, with a projected completion of 2010.
A lot of controversy - mostly local politics and questions of who should bear the tax burden for the new stadium - has surrounded this project, but in the end, getting this deal done - at almost any cost - is a long-term boon for both the Colts and the city of Indianapolis.
