Wednesday, December 08, 2004

Paying for the Colts

When the Colts moved from Baltimore to Indianapolis, the team signed a lease with the city until 2013. Part of the deal with the NFL, the Colts, and the city was, that the Colts had to bring in the league average of revenue. If they were not able to do this, essentially, the people of Indianapolis would have to be the ones to pay to get their team up to that average. In 2003, the Colts missed the mark by $12.6 million dollars. Now, the Colts could get out of their lease in 2007 if the people of Indianapolis do not pay the extra sum of money through taxes. If you lived in Indianapolis, would you want to pay to keep a professional football team in your city, or would rather just see them leave?

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