Indianapolis Mayor Outlines $800M Construction Plan

Carvlin, Elizabeth
December 2004
Bond Buyer;12/22/2004, Vol. 350 Issue 32035, p30
Trade Publication
The article reports that Indianapolis Mayor Bart Peterson has laid out an $800 million construction plan. The plan, mostly bond-funded relies heavily on legislative support to finance the expansion of the city's convention center, the construction of a new sports stadium, and the expansion of an accompanying transportation hub. This comprehensive plan came just two days after Standard & Poor's changed its outlook to negative from stable on the city's issuer credit rating of AAA. The plan also follows the mayor's earlier introduction of Indianapolis Works, which is designed to help alleviate a structural budget imbalance.


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