AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.

Create a link to this page

Copy and paste this link tag into your Web page or blog:

<a href="http://www.accessmylibrary.com/coms2/summary_0286-9417296_ITM" title="Facts and information about Stadium rate plan rendered useless.">Stadium rate plan rendered useless.</a>

Close Set up an RSS feed that alerts you when new articles from The Indianapolis Star (Indianapolis, IN) are available.

Frequently asked questions about RSS feeds

Stadium rate plan rendered useless.

The Indianapolis Star (Indianapolis, IN)

| June 29, 2005 | COPYRIGHT 2007 The Indianapolis Star. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: John Fritze

Jun. 29--A $12 million plan to lock in interest rates on the Colts stadium project turned out to be a bad gamble, state officials said Tuesday, and Indiana taxpayers will pay the price.

In May, Gov. Mitch Daniels announced the state would spend $12 million to lock interest rates on loans to pay for the new, $923 million stadium and Convention Center expansion.

But rates have fallen, making that financing plan -- which is similar to insurance -- useless.

"Right now, we're not going to need that," said the state's budget director, Charles Schalliol. "It won't be used."

By not using the option, officials will have…

View articles courtesy of your local library

Related articles from newspapers, magazines, journals, and more


The Indianapolis Star Viewpoint Column.: Newspaper article from: Knight Ridder/Tribune Business News July 14, 2003 700+ words
...Marciszewski, The Indianapolis Star Knight Ridder/Tribune...In light of low interest rates, Shoopman commented...consumers has been interest rates. They are at a 40...basically with the interest rates the way they are...To see more of The Indianapolis ...


The Indianapolis Star Thomas Wyman Column.: Newspaper article from: The Indianapolis Star (Indianapolis, Indiana) (via Knight-Ridder/Tribune Business News) March 19, 2002 700+ words
...The Grinch who raises interest rates gets compared to the no...chopping away at short-term interest rates, the economy is reaching...lows." Just exactly when interest rates might start moving up again...com To see more of The Indianapolis Star, or to subscribe to the...


The Indianapolis Star Rhoda Israelov Column.: Newspaper article from: Knight Ridder/Tribune Business News June 18, 2004 700+ words
...Rhoda Israelov, The Indianapolis Star Knight Ridder...investments. If overall interest rates rise, your shorter...may send it to The Indianapolis Star, or contact her...see more of The Indianapolis Star, or to subscribe...


The Indianapolis Star Rhoda Israelov column.: Newspaper article from: Knight Ridder/Tribune Business News July 16, 2004 700+ words
...Rhoda Israelov, The Indianapolis Star Knight Ridder...for yours. With interest rates having moved up...may send it to the Indianapolis Star, or contact Rhoda...see more of The Indianapolis Star, or to subscribe...


The Indianapolis Star Real Life Column.: Newspaper article from: Knight Ridder/Tribune Business News February 21, 2003 700+ words
...Dana Knight, The Indianapolis Star Knight Ridder...she says. "The interest rates have allowed so...see more of The Indianapolis Star, or to subscribe...c) 2003, The Indianapolis Star. Distributed by...


The Indianapolis Star Business Profile Column.: Newspaper article from: Knight Ridder/Tribune Business News March 24, 2003 700+ words
The Indianapolis Star Knight Ridder/Tribune...housing. Q: Are low interest rates the reason your business...To see more of The Indianapolis Star, or to subscribe...c) 2003, The Indianapolis Star. Distributed by Knight...


Median Home Price Rises in Indiana. (Originated from The Indianapolis Star and...: Newspaper article from: Knight Ridder/Tribune Business News July 30, 1996 700+ words
...reason was that interest rates during the quarter...That drop in interest rates offset the increase...Web site of The Indianapolis Star and The Indianapolis...c) 1996, The Indianapolis Star and News. Distributed...


Bank One Indianapolis Agrees to Settlement of Class-Action Lawsuit.(Originated...: Newspaper article from: Knight Ridder/Tribune Business News Dinnen, S.P. October 30, 1996 700+ words
...deposit owners about interest rates it would pay them...they could raise interest rates once during the...Web site of The Indianapolis Star and The Indianapolis...c) 1996, The Indianapolis Star and News. Distributed...


Indiana's Irwin Financial Producing Fortunes in Stock Splits.(Originated from...: Newspaper article from: Knight Ridder/Tribune Business News Dinnen, S.P. December 2, 1996 700+ words
...whether mortgage interest rates are at an acceptable...benefit most if interest rates decline and home...Web site of The Indianapolis Star and The Indianapolis...c) 1996, The Indianapolis Star and News. Distributed...


The Indianapolis Star and News Indiana Investor Column.: Newspaper article from: Knight Ridder/Tribune Business News Francis, Mary May 24, 1998 700+ words
...home-buying market and low interest rates, said Jennifer A. Holihen...World Wide Web site of The Indianapolis Star and News, at http://www...starnews.com/ (c) 1998, The Indianapolis Star and News. Distributed by Knight...

For more facts and information, see all results

Source: HighBeam Research, Stadium rate plan rendered useless.

The AccessMyLibrary advertising network includes: