New Evansville Stadium News Story

New Stadium Calls For More Downtown Parking

Thursday, November 18, 2010

City officals approve steps to make more downtown parking availible for visitors and spectators for events at the new downtown Evansville stadium.

Dave Rector, general manager of the Evansville Building Authority, said the Building Authority’s board is to consider buying a parking lot at the northwest corner of King Boulevard and Vine Street when it meets at 2:30 p.m. Monday in Room 317 of the Civic Center.

The lot contains 120 spaces and would be made into a multi-level parking garage.

Rector said he and others are still devising a plan to govern how the lot will be used. In all likelihood, the spaces there will be open to the public and government employees during the day and reserved for patrons of the arena and Victory at the time of events.

The parking lot is owned by Hulman & Company, a Terre Haute firm that makes Clabber Girl baking powder and owns the Indianapolis Motor Speedway. The plan is to offer $441,000 for the lot, an amount arrived at by taking the average of two independent appraisals.

Picture compliments of Courier and Press. http://www.evansvillegov.org/download/mayors/Evansville300dpi.jpg

Check Out Our Facebook Page

Thursday November 18, 2010

Social media is all we think about today and with 120 million people on Facebook why not check out our Facebook page and keep yourself informed on the new Evansville stadium!

IU v. UE is First Event Being Held in the New Stadium

Thursday, November 18, 2010

When the construction is done downtown and the new Evansville stadium is complete the first event to be held in the new stadium is the Indiana University v. University of Evansville basketball game.

The IU v. UE mens basketball game will take place sometime in November 2011, date has not been released yet.

This is the first time the Aces will play the Hoosiers in Evansville since 1995, when the Aces fell 84-59 to the very talented Indiana University.

The game is expected to be a sell-out crowd and tickets will go one sale sometime in the summer of 2011.

New Twitter Account

Thursday November 18, 2010

To find out about more information on the topic of the new Evansville downtown stadium, make sure and follow me on Twitter! Follow me at Colerender302 and make yourself more aware of what is happening in downtown Evansville with the new stadium being built.

http://twitter.com/#!/colerender302

New Evansville Stadium Final Costs Over $100 Million

Thursday November 18, 2008

The new stadium to replace the old Roberts Stadium in Evansville is to cost over $100 million upon completion in October.

To offset the cities initial costs they sold $120 million in bonds to finance the Evansville downtown stadium.

The bonds where sold to the public last April, and the day after they went on sale the remander of the unsold bonds were purchased by individual investors, larger institutional investors such as mutual funds, insurance agencies and other institutions snatched up the remainder with sales closing by 1:30 p.m.

The Evansville-based investment firm Hilliard Lyons served as the senior manger for the offering with City Securities Corp. and Fifth Third Securities also participating. The London Witte Group is the city's financial adviser for the arena project.

The total value of the bonds sold was $122.4 million in a combination of short-term, tax-exempt bonds and long-term debt.

In the spring of 2013, the city has plans to start paying back the borrowed money to the trusted investers at a rate of $8 million a year. The city plans on repaying the investors with money earned from the Food and Beverage Tax, as well as revenue from the downtown Tax Increment Finance district and lease payments and taxes from Casino Aztar.

Update on the arena