With celebrities, businessmen, and football fans pouring into Indianapolis for the Super Bowl, the whole city is ready to make a super profit on the event, except Lucas Oil Stadium.
The Capital Improvement Board, or CIB, that manages Lucas Oil Stadium budgeted about $8 million to cover Super Bowl expenses. About $4 million of that will be spent on security. However, the CIB is only expecting to bring in around $7.2 million. That would mean a shortfall of $810,000.
"I think it's been well documented that the Super Bowl is a tremendous advertising and promotional opportunity for a city," said Levengood.
According to Fox 59's news partners at the Indianapolis Business Journal, the CIB’s 2012 budget is $113.4 million and includes a $10.8 million reserve.
Capital Improvement Board to lose money from Super Bowl
The board which manages Lucas Oil Stadium expects to lose $810,000.
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