Could the Pacers Leave Indiana?
The Indiana Pacers would consider moving the NBA franchise to a new city if the city doesn’t agree to cover the cost to run Conseco Fieldhouse.
Since the 18,345-seat venue opened 11 years ago, the Pacers’ lease with the city has required the organization to pay for the building’s general operating costs, estimated at $15 million per year.
But since March 2009, owner Herb Simon and the Pacers’ top brass have insisted the economics of operating a small-market NBA franchise make it fiscally impossible to also pay to keep the arena running.
The Pacers signed their current 20-year lease with the city in 1999, but a clause in that contract allows the team to renegotiate its terms with the city’s Capital Improvement Board after 10 years.