Indianapolis, Ind.—The Pacers are asking for $15 million annually -- or $150 million over the last 10 years of the lease deal for Conseco Fieldhouse -- to operate the 18,165-seat venue.
The Pacers began asking for the money almost two years ago, but city officials -- dealing with their own fiscal crisis -- have been slow to comply.
The lease for the city-owned fieldhouse stipulates the Pacers organization would have to pay at least $50 million to the city if it vacated the venue, which opened in 1999. Though the voluminous contract between Pacers Sports & Entertainment and the city is difficult to understand, local attorney Paul Ogden thinks the organization could be on the hook for more than $150 million if it decides to break the lease before it expires in 2019.
Read Anthony Schoettle's story Pacers would pay big if they moved in the Indianapolis Busines Journal