(a)A commission may establish as part of
a professional sports development area any facility or complex of
facilities described in this section. The tax area may include a facility
or complex of facilities described in this section and any parcel of land
on which the facility or complex of facilities is located. An area may
contain noncontiguous tracts of land within the county.
(b)Before July 1, 2019, the tax area may include any facility or
complex of facilities:
(1)that is used in the training of a team engaged in professional
sporting events;
(2)that is:
(A)financed in whole or in part by:
(i)notes or bonds issued by a political subdivision or issued
under IC 36-10-9 or IC 36-10-9.1; or
(ii)a lease or other agreement under IC 5-1-17; and
(B)used to hold a professional sporting
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(a) A commission may establish as part of
a professional sports development area any facility or complex of
facilities described in this section. The tax area may include a facility
or complex of facilities described in this section and any parcel of land
on which the facility or complex of facilities is located. An area may
contain noncontiguous tracts of land within the county.
(b) Before July 1, 2019, the tax area may include any facility or
complex of facilities:
(1) that is used in the training of a team engaged in professional
sporting events;
(2) that is:
(A) financed in whole or in part by:
(i) notes or bonds issued by a political subdivision or issued
under IC 36-10-9 or IC 36-10-9.1; or
(ii) a lease or other agreement under IC 5-1-17; and
(B) used to hold a professional sporting event; or
(3) that consists of a hotel, motel, or a multibrand complex of
hotels and motels, with significant meeting space:
(A) located in an area in Indianapolis, Indiana, bounded on the
east by Illinois Street, on the south by Maryland Street, and on
the west and north by Washington Street, as those streets were
located on June 1, 2009;
(B) that provides:
(i) convenient accommodations for consideration to the
general public for periods of less than thirty (30) days,
especially for individuals attending professional sporting
events, conventions, or similar events in the capital
improvements that are owned, leased, or operated by the
capital improvement board; and
(ii) significant meeting and convention space that directly
enhances events held in the capital improvements that are
owned, leased, or operated by the capital improvement board;
and
(C) that enhances the convention opportunities for the capital
improvement board to hold events that:
(i) would not otherwise be possible; and
(ii) directly affect the success of both the facilities and capital
improvements that are owned, leased, or operated by the
capital improvement board.
(c) After June 30, 2019, and in addition to the tax area described in
subsection (b), the tax area may also include any facility or complex of
facilities:
(1) that consists of a hotel, motel, or a multibrand complex of
hotels located in an area in Indianapolis, Indiana:
(A) in the southeast quadrant of an area bounded on the east by
Pennsylvania Street, on the south by Georgia Street, on the west
by Meridian Street, and on the north by Maryland Street, as
those streets were located on July 1, 2019;
(B) bounded on the west by Capitol Avenue, on the south by
South Street, on the east by Meridian Street, and on the north by
Louisiana Street, as those streets were located on July 1, 2019;
(C) bounded on the west by Illinois Street, on the south by
Jackson Place, on the east by McCrea Street, and on the north
by Georgia Street, as those streets were located on July 1, 2019;
(D) bounded on the west by Capitol Avenue, on the south by
Washington Street, on the east by Illinois Street, and on the
north by Court Street, as those streets were located on July 1,
2019;
(E) bounded on the west by Illinois Street, on the south by
Washington Street, on the east by Meridian Street, and on the
north by Market Street, as those streets were located on July 1,
2019;
(F) bounded on the west by Capitol Avenue, on the south by
Market Street, on the east by Illinois Street, and on the north by
Wabash Street, as those streets were located on July 1, 2019;
(G) bounded on the west by Pierson Street, on the south by
Wabash Street, on the east by Meridian Street, and on the north
by Ohio Street, as those streets were located on July 1, 2019;
(H) in the south half of an area bounded on the west by
Delaware Street, on the south by South Street, on the east by
Alabama Street, and on the north by Maryland Street, as those
streets were located on July 1, 2019; or
(I) bounded on the west by Illinois Street, on the south by
Georgia Street, on the east by Meridian Street, and on the north
by Maryland Street, as those streets were located on July 1,
2019; and
(2) that provides convenient accommodations for consideration to
the general public for periods of less than thirty (30) days,
especially for individuals attending professional sporting events,
conventions, or similar events in the capital improvements that
are owned, leased, or operated by the capital improvement board.
(d) With respect to the site or future site of a facility or complex of
facilities described in subsections (b)(3) and (c), the general assembly
finds the following:
(1) That the facility or complex of facilities in the tax area
provides both convenient accommodations for professional
sporting events, conventions, or similar events and significant
meeting and convention space that directly enhance events held
in the capital improvements that are owned, leased, or operated by
the capital improvement board.
(2) That the facility or complex of facilities in the tax area and the
capital improvements that are owned, leased, or operated by the
capital improvement board are integrally related to enhancing the
convention opportunities that directly affect the success of both
the facilities and capital improvements.
(3) That the facility or complex of facilities in the tax area
provides the opportunity for the capital improvement board to
hold events that would not otherwise be possible.
(4) That the facility or complex of facilities in the tax area
protects or increases state and local tax bases and tax revenues.