Capital Improvement BoardAug 26, 2026

Highlights

• Unverified item. Flagged · Unverified

  Larry Bird Museum replaces peeling graphics after warranty dispute with original vendor

  Outcome: No vote taken; the board will hold an executive session to weigh legal options against Ravenswood while the graphics replacement with Ignition Arts continues.

  1:05:13 — open the recording, cued to 1 hour 5 minutes 13 seconds
• Money

  Developer asks Capital Improvement Board for $2.5 million toward a 100-acre youth sports complex

  Outcome: No commitment was made. The board said it needs to see whether Meyer has pursued a TIF district, a tax abatement, or other public financing tools before it will consider a funding request.

  1:17:23 — open the recording, cued to 1 hour 17 minutes 23 seconds
• Money

  CIB pencils in $1 million for Indiana Theater repairs in 2027, banking on a state grant match

  Outcome: No vote taken; the board directed its financial consultant to plan $500,000 in August 2027, $500,000 in September 2027, and $1.7 million in 2028 for theater capital costs, aiming to match a state grant roughly dollar for dollar.

  0:58:11 — open the recording, cued to 58 minutes 11 seconds

Who spoke

From the recording’s speaker labels — who was heard, not who attended. The archive publishes no attendance roll for this meeting.

• Brandon Sakbunchair
• DaniellepresenterIdentification is probable
• Larryboard memberIdentification is probable
• Chris Switzercommissioner
• Kyle Carlsonconsultant
• MarkpresenterIdentification is probable
• Eddie Fellingcounsel
• Adam Meyerpresenter
• Dallas Kelseypresenter

One more voice was separated on the recording but could not be named. They are in the transcript below under their speaker labels.

Transcript

Open the transcript on its own page

Meeting

Capital Improvement Board · Aug 26, 2026

Length

1:54:08

Lines

304

Transcribed by

mlx-community/whisper-large-v3-turbo

1. 0:00:00 — open the recording at 0 seconds Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you.

2. 0:05:30 — open the recording at 5 minutes 30 secondsSpeaker 0: Thank you.

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4. 0:07:30 — open the recording at 7 minutes 30 secondsSpeaker 3: On Zoom.

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6. 0:09:30 — open the recording at 9 minutes 30 seconds Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you.

7. 0:19:00 — open the recording at 19 minutesBrandon Sakbun (chair): We're in crowd here at the Capital Improvement Board meeting and that's always good to see. Normally we have about David Kroenke and David Kroenke. So good to see some folks in the audience. Okay, sorry, I apologize. Normally we have three people. We're going to go ahead and call this meeting to order and start with the calling of the roll.

8. 0:19:27 — open the recording at 19 minutes 27 secondsSpeaker 11: Larry. John Marvell. Emily Crapo Chris Schweitzer Karen Dyer Karen and Brian will not be here today Tony Brewer and Brandon Sackman here so let's start with any additions or

9. 0:19:43 — open the recording at 19 minutes 43 secondsBrandon Sakbun (chair): revisions to the agenda okay hearing none we'll start with approval of the minutes you should have them

10. 0:20:07 — open the recording at 20 minutes 7 secondsBrandon Sakbun (chair): all in favor did find one typo so better than seven at the the solid waste meeting let's start with an update on convention center management from Oak

11. 0:20:21 — open the recording at 20 minutes 21 secondsSpeaker 26: for your group. Good morning. So I have two things this morning. The update on the Convention Center and then self-produced events, which is another document. Is it can you not hear me? Which is another document that I had sent out previously. so for the convention center I move this out of my way we are reporting on the month of July so in the month of July July is always historically a smaller a

12. 0:20:59 — open the recording at 20 minutes 59 secondsDanielle (presenter): smaller month for us we've got a lot of vacations and that through the month so we had seven events but those events totaled 16 days of events an estimated 667 folks and 108,000 in revenue which is our highest grossing July that we've had we had a really large event that was there for a full week lots of different moving pieces to that so that really helped increase July based on history you can see the some of the events that we held the month of July we had a lot meetings we had GE flight deck was here that produced a little over 400 room

13. 0:21:42 — open the recording at 21 minutes 42 secondsDanielle (presenter): nights for us we had a wedding reception then some smaller smaller meetings and then the melody makers conference who was their second time coming back and we're looking at future years for them as well on the operation side looking at

14. 0:21:55 — open the recording at 21 minutes 55 secondsDanielle (presenter): maintenance the museum rooftop continues to have some issues we've had to replace a fan control board needs replaced right now right now it's currently hardwired so it will just keep on running that unit because the museum has to stay at a constant temperature um it runs 24 7 and so it's really hard on that that unit up there so i am working with train and bns plumbing to get some quotes for how to how do we modify that unit or do we need to add another unit to it and then also to be able to control humidity better in the museum and so they're

15. 0:22:33 — open the recording at 22 minutes 33 secondsDanielle (presenter): working on putting some stuff together so i'm hoping by the next meeting i'll have some information on that but currently this year i think we so far we've put about eight thousand dollars

16. 0:22:45 — open the recording at 22 minutes 45 secondsDanielle (presenter): into mechanical fixes with that unit and i don't know how how many more fixes will be coming you

17. 0:22:53 — open the recording at 22 minutes 53 secondsDanielle (presenter): know with that one we installed a new headache bar in the parking garage after one fell and broke they've been in there about five years now so some of those with age I think as they start to fall or kids occasionally come through smack those bars and then they they fall we're starting to have to replace some of those we did some sealing around the dock doors to prevent leaking coming in the building during heavy rains and then we had Yankee Rose come out and repaired some water leaks in the landscaping monthly fire extinguisher AED inspections and then

18. 0:23:25 — open the recording at 23 minutes 25 secondsDanielle (presenter): Kona performed a cat one testing which is required for annual safety testing On the sales front, sales contracted 15 events totaling $100,000 in business. They currently have 61 tentative leads out for business for 2026 through 2028, totaling $1.2 million in potential revenue and over 4,000 hotel room nights. We've got 27 contracts that are out, totaling close to $200,000 in revenue and an estimated 600 hotel rooms.

19. 0:23:55 — open the recording at 23 minutes 55 secondsDanielle (presenter): the next page is statistics so you can see where we are currently for 2026 how many definite contracts we have from now through the end of the year we have 28 contracts and we always continue to get short-term business so even though this number typically goes down it still continues to stay about the same because we still pick up short-term business and we'll still see more holiday parties that are going on the books too 17 contracts that are out still for the end of the year and then 17 proposals looking at 2027 you can see what our funnel looks like we've got seven

20. 0:24:28 — open the recording at 24 minutes 28 secondsDanielle (presenter): definite events for 27 10 contracts that are out and then 41 proposals and then a few events for 2023 so looking at our total funnel from current date through 2028 we are at almost two million dollars in potential revenue in our funnel and close to getting close to 6 000 total hotel room night so we're a little over almost 5900. the next page is just the statistics for um you know

21. 0:24:56 — open the recording at 24 minutes 56 secondsDanielle (presenter): that shows from the beginning of the year to where we currently are number of events by type attendance by type so you can see what events we do more of which ones carry the most attendees

22. 0:25:08 — open the recording at 25 minutes 8 secondsDanielle (presenter): and then gross revenue by event type going to the next page you'll see gross revenue again by event type but this is compared to our previous year so this shows you the year over year and you can kind of see how it goes up and down over each year and then where our trends are the bottom one shows month to month so you can kind of see that whole snapshot of each month at a glance

23. 0:25:37 — open the recording at 25 minutes 37 secondsBrandon Sakbun (chair): Danielle can I pause you there so from a KPI perspective you know when our food beverage revenue continues thankfully to kind of float around that two to three percent growth obviously some years we've had ten percent um what are some goals that we're setting for ourselves to really look at finishing 2026 strong but also starting 2027 strong so uh i mean we're close with a couple of months obviously july was good which is you know making up for the snow events in january but how can we get december over the finish line october's numbers up for example and

24. 0:26:15 — open the recording at 26 minutes 15 secondsBrandon Sakbun (chair): kind of try to go from there to really level out on a positive year sure so what we are doing is

25. 0:26:21 — open the recording at 26 minutes 21 secondsSpeaker 38: we're we're running specials right now for holiday parties um we do right now we're running what's

26. 0:26:28 — open the recording at 26 minutes 28 secondsDanielle (presenter): called a pick your perk where someone can get um upgraded coffee bar they can get various items and kind of it's like an incentive to book rather than getting a discount we're giving them a little bit extra of something we're also recreating our catering menus with those menus we have new items that are on there we look at the profit margins on those we we also have to stay very conservative with our market because we need to make sure that we are competitive with other venues as well so we're going through and we're looking at you know what items can we change what enhancements

27. 0:26:59 — open the recording at 26 minutes 59 secondsDanielle (presenter): can we add and then with our sales team and our event managers a big part of what they're doing is trying to upsell groups on other services. So if someone's getting a dinner, how can we add an action station to that? Maybe someone wants to add on prime rib or they want to do a ramen bar or something like that where we can add a little bit more flair to an event. So we look at adding all those extra services and it's not really just food and beverage, it's also audio visual. You know, we make a good margin on AV. All the AV in the building is owned by the building. So

28. 0:27:33 — open the recording at 27 minutes 33 secondsDanielle (presenter): everything that we rent falls to the bottom line so we are we always encourage folks to let us do the av needs for them they don't have to bring their equipment because that's just it's what our team does we have the equipment it's great equipment it's well taken care of and we know it's going to work in each of the rooms does that help um next page is really just kind of showing you that month to month year over year so you can kind of see another snapshot of where we were each month some of the the spikes where you see the the darker blue is last year those are where

29. 0:28:12 — open the recording at 28 minutes 12 secondsDanielle (presenter): we had some of our larger events we also get we have a really nice corporate group that's here three four times a year sometimes so where we have those spikes is where that group typically will lay and we've got some months where we've had multiple events or conventions larger banquets that have taken place in some of those so trending is going to be a little bit different year over year but we try to try to keep on pace with with what we've had um going over to our parking revenue really don't have any control over the

30. 0:28:46 — open the recording at 28 minutes 46 secondsDanielle (presenter): parking garage when it comes to folks coming and and parking but if you look at each month i think that we've

31. 0:28:55 — open the recording at 28 minutes 55 secondsDanielle (presenter): it stayed fairly consistent with where it has been in the past however july was kind of slow with parking so to me that tells me there was less activity downtown in the month of july so we just didn't have as many parkers that were coming in because if we don't have events taking place in our building a lot of times there might be something somewhere downtown where we're getting additional overflow parking we just weren't really seeing that that as much this much this month um looking at hotel rooms um on the next page i did forget to fill in the graph for june and july

32. 0:29:29 — open the recording at 29 minutes 29 secondsDanielle (presenter): at the top so i will i will fill that in but if you look at our july numbers um we were at about 600 hotel rooms is what we tracked and then for the month of june we were at 705 so june was more than where we were on track last year so progressing forward um i won't go through all the sales and marketing but I do want to just point out a couple things that are on here Pam Chamberlain our director of sales and I met with Jason Casey from the Holman Center Fred who used to be the GM there has now retired and we had a really great lunch with

33. 0:30:08 — open the recording at 30 minutes 8 secondsDanielle (presenter): Jason he's very much on board with working with us to try to help get larger events in he was very familiar familiar with the Winkler food show that we did over there Jason's been there for 28 years and he's very proud of of what they do at the Holman Center and really would like to see events you know coming back in there and so we had some really great conversations on how we can connect and find more business that we can work together on so we feel really good about where we are you know in working with the

34. 0:30:39 — open the recording at 30 minutes 39 secondsDanielle (presenter): Holman Center for more future business we've also increased we've had some holiday party promotions that uh Pam and her team are working on and we've secured four new parties so uh that's something that folks are starting to look at right now um they recently attended asae which was in indianapolis this year that's really you know it's a destination booth is what we had um and so the our team uh Pam and Holly who does associations attended that and was in the booth for three days talking to meeting planners they have 3 000 meeting planners that come in for this conference

35. 0:31:19 — open the recording at 31 minutes 19 secondsDanielle (presenter): and we had the lead list in advance so they sent out email blasts to all of the meeting planners that were in attendance and then they had about i think she gave me a list of about 80 different associations that they talked to that were very positive you know that do midwest events

36. 0:31:40 — open the recording at 31 minutes 40 secondsDanielle (presenter): and meetings and so they had a kind of a short list of events that they're gonna go after for prospecting which was really it's a really good turnout they had a lot of positive feedback they talked a lot about what we have in Terre Haute the attractions of restaurants everything that we have done here from a destination standpoint so it's really great opportunity to be able to be a part of moving to the back page the Larry Bird Museum attendance since opening is twenty two thousand fifteen we recently had the birthday card repaired our jail had the local company who created that card it was

37. 0:32:22 — open the recording at 32 minutes 22 secondsDanielle (presenter): starting to fall over from being used quite it's a pretty big card so now it is on a stand and it is getting kind of full so if there is anyone who has not been in to sign the birthday card for Larry bird he'll be 70 this year so we want to make sure that we get folks in the door to to come in and do that any any questions on Convention Center

38. 0:32:49 — open the recording at 32 minutes 49 secondsSpeaker 45 (board member): I have one point to nail I'd asked if you would be comfortable coming in and speaking to the qualitative report due to attendance today and have all thing list could you come back next week be prepared just review that it's been a point of contention and voting and here on the committee I just want to get some clarification on that tool that we utilize and maybe evaluation of our staff to see where we had on that so when it does come up is no more questions absolutely clear to us so if you could present that you know our next meeting

39. 0:33:25 — open the recording at 33 minutes 25 secondsSpeaker 45 (board member): so we have no more clarity that appreciate that absolutely I'll give you

40. 0:33:29 — open the recording at 33 minutes 29 secondsDanielle (presenter): a handout that kind of explains what we go by okay the other thing on my on my list was self self-produced events and I sent each of you a packet

41. 0:33:45 — open the recording at 33 minutes 45 secondsDanielle (presenter): that has information on it and basically I would I just wanted to start by giving everyone a little context about why this was on the agenda and I'm not sure if

42. 0:33:57 — open the recording at 33 minutes 57 secondsDanielle (presenter): the whole board is aware but there was a letter submitted raising concerns about some of the self-produced events that we have in particular with food and beverage I didn't want this discussion to be considered centered around just one person's concern so I thought what would be best is to give you factual

43. 0:34:13 — open the recording at 34 minutes 13 secondsDanielle (presenter): information based on IAVM standards which IAVM is International Association

44. 0:34:20 — open the recording at 34 minutes 20 secondsDanielle (presenter): of Venue Managers it is an organization that most of us public assembly folks belong to and what I utilized was their venue management schools self-produced events monograph that they teach every year so I use that document to just come up with some factual information so that you guys can understand what we do from a venue standpoint when it comes to self-produced events and why we do them so just touching on a few of those things in that packet that I gave you

45. 0:34:51 — open the recording at 34 minutes 51 secondsDanielle (presenter): there's on the second page it says self-produced in-house events those first two pages they come from IVM it's this is factual information just from their materials but basically this is it's pretty much like kind of defines the

46. 0:35:10 — open the recording at 35 minutes 10 secondsDanielle (presenter): purpose of why we do events is there a need are we trying to fill dates are we looking to create revenue in down months does it fit our market looking for we are looking at competition you know is it creating competition that's not what we're trying to do we're not trying to create competition with anyone but we want to try to fill a need almost every event that we do is going to have an element of food and beverage because that as a convention center that is your biggest revenue generators food and beverage and when you do food and

47. 0:35:41 — open the recording at 35 minutes 41 secondsDanielle (presenter): beverage you want to make sure that your food and beverage is going to be of the nature of what the event is you want it to fit the type of event and so we look at how can we fill programming how can we fill dark dates how can we bring community in downtown and that's really the main purpose of when we are doing self-produced events is we're looking at what are we missing downtown and how can we help generate more attendees downtown because ultimately what we're trying to do is create a bigger piece of the pie because if we can get more folks to come

48. 0:36:17 — open the recording at 36 minutes 17 secondsDanielle (presenter): in that gets them coming down here more. Looking at the next page I've got a section on, sorry, if you go to page four it has how we apply industry principles

49. 0:36:35 — open the recording at 36 minutes 35 secondsDanielle (presenter): to event production. So what we do is when we sit down and we look at self produced events we start with community and we look at what is the experience or the opportunity that we can give someone or a group of people is there a reason to come downtown and the surrounding areas and then we look at the market fit do we think this will go over well do we think that we will get attendees if we won't it's not something probably worth doing and we look at our open dates we look at when do we need to have events we don't want to put a self

50. 0:37:09 — open the recording at 37 minutes 9 secondsDanielle (presenter): produced event and spend all of our resources and time and something when we have a month that we already have a lot of events taking place we do run a limited staff so we have to be very careful with how we utilize our staff so

51. 0:37:21 — open the recording at 37 minutes 21 secondsDanielle (presenter): we look at those down months and when we feel like it's appropriate to add more events to to our calendar so our goal is really to create opportunity we want to

52. 0:37:36 — open the recording at 37 minutes 36 secondsDanielle (presenter): bring people in the building we want them to have a great experience we want them to come park downtown get used to downtown see the other restaurants downtown go to the bars it also creates potential future bookings for us we have a lot of folks that might come to New Year's that come to Mother's Day they come in the building and they go oh wow I didn't realize you had all this meeting space we've booked a lot of meetings as a result of events we've booked weddings from weddings you know from someone attending their wedding so bringing

53. 0:38:06 — open the recording at 38 minutes 6 secondsDanielle (presenter): people into the building gives them that experience and as I said food and beverage is a major part of that looking at you know what we generate from self-produced events some of our events are going to generate a larger amount of revenue some of them are going to generate a very small amount if we look at New Year's and Mother's Day those are more heavy food and beverage they do have a higher ticket price for those events because we are giving them a much larger experience we have to cover cost and with the cost we want to

54. 0:38:42 — open the recording at 38 minutes 42 secondsDanielle (presenter): make sure that we are generating more revenue on those when we're doing breakfast with Santa though we love Santa we know that that is not going to be a big moneymaker for us that is something that is more of a community experience where we're trying to get families to come in to do something with their kids it's really covering cost maybe we make a little bit but it's really very small when it comes to marketing for our events it's all grassroots when we're doing self-produced pretty much the fundamentals of all of that is looking at what are the resources we have what

55. 0:39:15 — open the recording at 39 minutes 15 secondsDanielle (presenter): are the trade opportunities we have for instance Pepsi is a sponsor in the building and with Pepsi we get a lot of advertising on their billboards they do radio that we get free advertising out of where that's all local advertising for us so the holiday parties the self-produced events those things that were advertising to our local public is what we use those trade opportunities for so when we are marketing the self-produced events there is a very small spin to that because we have to get very creative with how we're doing

56. 0:39:53 — open the recording at 39 minutes 53 secondsDanielle (presenter): it because we don't have somebody else paying the bill on that so we have to make sure that we are making a little bit of money on those and covering costs when it comes to and and also like when it comes to the generate generating revenue every dollar helps that helps us get across the the line at the end of the year it helps reduce the subsidy it helps keep things operational um so with with all of that like taken into consideration when we do self-produced events. Flights and Bites is really the event that was brought to my attention.

57. 0:40:34 — open the recording at 40 minutes 34 secondsDanielle (presenter): How we came up with that concept with that event was really entertainment first. We were looking for an opportunity to have something that in our initial thought was what if we do one a quarter. Brings people downtown, creates an entertainment opportunity but if we have entertainment we have a bar we have to have food it's really kind of an expectation so our food and beverage supports the entertainment that we do really a small event first event had approximately 60 guests our second event had 100 and then the last one we just had in july had 130

58. 0:41:09 — open the recording at 41 minutes 9 secondsDanielle (presenter): we talked to a lot of folks when they come into these events a lot of the folks that are coming in which i love to hear they haven't been to downtown very much or in a long time or ever so what we are doing with some of our self-produced events is we are bringing people in that aren't coming down here all the time the purpose of that particular event we started it at 6 30 ended at 9 30 with the hopes that folks would go to the copper bar at the time when we booked it the verve was open but our thoughts were they were going to go downtown and go elsewhere

59. 0:41:46 — open the recording at 41 minutes 46 secondsDanielle (presenter): also and i know some of them some of them do right now we've got some places under renovation and that but we are seeing folks that are coming in from other areas and most of them see our ads on facebook they see the at the facebook promos that we're doing the reels and things like that so that's where they're really finding a lot of that and so a lot of what we're doing is really all about the experience we're trying to give folks an experience so that they keep coming back There is a list, there's a grid in your packet that shows the self-produced events that we've

60. 0:42:20 — open the recording at 42 minutes 20 secondsDanielle (presenter): done since opening. And then I've also included in here, I've check marked, you know, where we felt these fall into certain categories, like New Year's Eve, for instance. This is really kind of, it's community engagement, has an entertainment factor, it's an experience. We do a theme every year people get dressed up it's a high exposure for business new business for us we do book we've had a lot of bookings as a result of new year's we get a lot of return folks we have some folks that have come to every new year's eve event that we've had it fills our downtown time or our

61. 0:42:58 — open the recording at 42 minutes 58 secondsDanielle (presenter): downtime actually and the reason we started new year's was because we had a wedding that was originally booked for new year's so we budgeted a certain amount of money in revenue to make and then And there was a reason the bride needed to change dates and shift her wedding back to the next year. So we worked with them, and then we had a hole. And we knew it was a high-demand date that we had several groups that had come to us and wanted New Year's, but you'd never want to go back to a bride and ask her to change her date.

62. 0:43:28 — open the recording at 43 minutes 28 secondsDanielle (presenter): Now we had an opening, and it was getting close to the date, and we couldn't find a taker for New Year's. So we decided to do our own, and it was successful. So we've continued to do that. But you can kind of see, you know, all the events that we have done. And each of the events that we have done has had some sort of a theme or something behind it. We're not trying to be a restaurant. We're not opening every Friday night.

63. 0:43:55 — open the recording at 43 minutes 55 secondsDanielle (presenter): We're trying to create an opportunity and an experience that every once in a while we have something where we've got folks that are coming in and enjoying something that we have downtown. So I just kind of wanted to show those events that we had. The next page has some, I reached out to other venues to get some of the list of events that they were doing. So this just gives you a snapshot of what other venues are doing for self-produced events.

64. 0:44:21 — open the recording at 44 minutes 21 secondsDanielle (presenter): I've got it categorized as facilities under 100,000 square feet and facilities over 100,000 square feet so that you can see what other facilities are doing.

65. 0:44:33 — open the recording at 44 minutes 33 secondsDanielle (presenter): And then the last page I have on here is just some information on how we are supporting downtown in our community. we do work with the chamber when it comes to events that we have taking place Pam gives them a list of events and conventions that we have so they can

66. 0:44:47 — open the recording at 44 minutes 47 secondsDanielle (presenter): push that out for our community businesses so that they know when we have big groups coming in and they can put out specials put out welcome signs things like that occasionally we get some of our private groups might want

67. 0:45:01 — open the recording at 45 minutes 1 secondDanielle (presenter): like a tasting type type of event where like for instance GE likes to do like a a little taste of Terre Haute because we do all of the catering in the building what we do as a taste of is more of kind of like how we would do like a taste of Terre Haute style trade show where we have other organizations that are bringing in a sample size bite-sized samplings from their restaurant where we reach out to different restaurants we give them the budget like the client is willing to pay up to X amount of dollars and we've had several restaurants that

68. 0:45:35 — open the recording at 45 minutes 35 secondsDanielle (presenter): have partaken in that and we've done that several times so we are showcasing our downtown restaurants and we're trying to drive business to those events those other facilities not just restaurants but like the history museum the swope when we've got events that are wanting off-site locations or if we can't have an event in the building because maybe we don't have the space we are recommending other places because we don't want them to go elsewhere we want them to stay in the community so I just kind of wanted to give you that information as

69. 0:46:06 — open the recording at 46 minutes 6 secondsDanielle (presenter): to what our industry does as a standard how we apply those to our events and then really just kind of get some guidance from you as to how you would like us to proceed with self-produced events if you don't want us doing them if it is something that is upsetting restaurants you know we want to be cognizant of that and we want to be a partner but we also want to make sure

70. 0:46:31 — open the recording at 46 minutes 31 secondsDanielle (presenter): that we're doing what you really want us to do as well yeah so I guess I'll go

71. 0:46:38 — open the recording at 46 minutes 38 secondsBrandon Sakbun (chair): ahead and start I don't think we're gonna get exact guidance to you today I just want to be very clear on that I do enjoy this this document I think when you look at some of the events you are doing some of the entertainment and some of the dates that it is on I find it hard to see some of the competition between local businesses although i do hear their concerns for other types of events so i think we

72. 0:47:04 — open the recording at 47 minutes 4 secondsBrandon Sakbun (chair): do need to get together to kind of get a guideline and how you all would like to do that i'm all ears i think we should utilize the downtown group underneath the chamber of commerce to get some feedback from the downtown businesses but i might add at the end of the day with the cib we need to reduce the government subsidy on the convention center like that is should be one of our top priorities our top kpis and using all available means to do that should be part of the conversation so if you're asking for clear guidance today i don't think we're prepared to to give it i know

73. 0:47:38 — open the recording at 47 minutes 38 secondsBrandon Sakbun (chair): at least i am not but i do think that we should sit down with the the downtown what is that called downtown terahawk and go from there because i think it's it's worth a conversation and there's absolutely probably a soft landing spot in the middle that appeases all groups yeah absolutely

74. 0:47:55 — open the recording at 47 minutes 55 secondsDanielle (presenter): and I did have on here where I had our self-produced events with the events that we've done gross revenue wise we've produced 155 000 in revenue which about we figure about 30 of that has dropped to the bottom line so

75. 0:48:12 — open the recording at 48 minutes 12 secondsSpeaker 60: to nail let me add this is this is a fine document thank you pretty thorough and covering you know

76. 0:48:18 — open the recording at 48 minutes 18 secondsSpeaker 45 (board member): what what you do and what goes on in other convention centers but uh I think it'd be hard I heard the press say we have quit doing events because I think we've got to make the convention center be productive, as the mayor pointed out. So we're not being subsidized, but self-efficient.

77. 0:48:35 — open the recording at 48 minutes 35 secondsSpeaker 63: And that's our goal as well.

78. 0:48:38 — open the recording at 48 minutes 38 secondsLarry (board member): I know that you and Karen work well together. Obviously, the big calendar went over.

79. 0:48:44 — open the recording at 48 minutes 44 secondsSpeaker 68: But I got a brochure from the Effingham Convention Center. At my house. I mean, they're marketing this far away. Are we doing that?

80. 0:49:02 — open the recording at 49 minutes 2 secondsDanielle (presenter): We're not doing mailers. So when it comes to marketing for convention-type business, we're very targeted. So we do online campaigns. We're retargeting for folks on our website. When someone comes to the website tracking where they're coming from, we're looking for meeting planners, executives, HR directors, association members. Those are the folks that are booking conventions. So when we're doing, like, the smaller self-produced events, that's our local market. So that's going to be more radio in that. But when we're reaching out further, we're doing more of a targeted market.

81. 0:49:47 — open the recording at 49 minutes 47 secondsDanielle (presenter): It's not going to go to general public. It's going to go to very targeted folks who we know are planning conferences and conventions that are more so bringing those hotel room nights. So we have a lot of digital ad campaigns that Pam is running. We market through MPI, which is Meeting Planners International. and we do retargeting with them too because those are folks that are target market and then

82. 0:50:12 — open the recording at 50 minutes 12 secondsDanielle (presenter): it's a lot of phone calls and we have advertising in some of those industry publications

83. 0:50:18 — open the recording at 50 minutes 18 secondsBrandon Sakbun (chair): if I may I think what's interesting is the easiest way for this conversation not to be a conversation is to be really flipping good at conventions so I highly doubt that Kilroy's in bloomington or the kilroys in indianapolis is too concerned with the self-produced events of the indianapolis and bloomington convention centers so i think as we if we really hyper focus on on the convention number which your convention numbers are up this year and i think that's incredible that meeting that you had with holman center that's what i care about in today's update 100

84. 0:50:55 — open the recording at 50 minutes 55 secondsBrandon Sakbun (chair): i want to see holman center and the terreau convention center doing two large group conventions a year at a minimum once those numbers begin to you know roll and sustain themselves you're not going to catch any heat about you know $25 flights and

85. 0:51:11 — open the recording at 51 minutes 11 secondsBrandon Sakbun (chair): bites and ramen or Maja so like Mahjong in here or something but like that's it's a hundred fifty thousand dollars total right but if we really focus in on these conventions as partnership with the home and center this conversation is not a conversation in my personal opinion because then all the businesses are benefiting from these large events that we're bringing more people into so

86. 0:51:34 — open the recording at 51 minutes 34 secondsSpeaker 76: sometimes I think that getting the bigger fish will help put some of this

87. 0:51:37 — open the recording at 51 minutes 37 secondsLarry (board member): noise away again we come down there to the to the fact when these large convention people are asking how many rooms do you have available for our people that's an issue and it you know our two hotels downtown are are filled what 75% of the time most of the time so we we just have to hope that something happens downtown as far as more rooms available that comes to pass soon and

88. 0:52:13 — open the recording at 52 minutes 13 secondsSpeaker 38: and I will say like that is a great problem Indiana Land and title we're

89. 0:52:19 — open the recording at 52 minutes 19 secondsDanielle (presenter): getting ready to have them it's so see large association they've filled their room block at the Hilton and the Candlewood and now they're trying to find overflow hotels so we were helping them contact other other venues the other day so I mean it is a great problem there there are a lot of growth

90. 0:52:38 — open the recording at 52 minutes 38 secondsSpeaker 86: opportunities yeah I may be a little bit different than some of the board

91. 0:52:45 — open the recording at 52 minutes 45 secondsChris Switzer (commissioner): members up here circling back to 2017 when we were trying to get the food and beverage tax a lot of those downtown restaurants were with us in Turner buses advocating for that tax and what it could bring to downtown Terre Haute.

92. 0:53:03 — open the recording at 53 minutes 3 secondsChris Switzer (commissioner): Are these, if these events aren't making a lot of money and we're just trying to get people in the

93. 0:53:08 — open the recording at 53 minutes 8 secondsChris Switzer (commissioner): convention center, I'd love to see a partner with you know the J-Fords or the the terminal or something in downtown Terre Haute to get their you know business out front there. The convention center, as the mayor said, is subsidized by the food and beverage tax. Those restaurants don't don't have that opportunity. So I love, I'm not being negative. I love everything that Tarahoe Community Center is doing. But I'd love for maybe those food options or those drink options to be from businesses in downtown Tarahoe.

94. 0:53:40 — open the recording at 53 minutes 40 secondsSpeaker 38: Yeah. And we do get a lot of our events that are booking at the terminal and going there for drinks

95. 0:53:47 — open the recording at 53 minutes 47 secondsDanielle (presenter): and doing one-off dinners and that in conjunction with things.

96. 0:53:52 — open the recording at 53 minutes 52 secondsDanielle (presenter): It becomes challenging with self-produced events because we can't do beverage from outside under our liquor license and that in the building. So that's kind of where with the food and beverage licensing and the alcohol licensing, that's where that becomes kind of a challenge in having them coming in and doing stuff in the building. But like we've thought about, you know, how do you create a downtown passport or something to get people to go around to other businesses. So I think there's lots of opportunities to come up with ideas.

97. 0:54:21 — open the recording at 54 minutes 21 secondsDanielle (presenter): certainly don't want to step on anybody's toes when it comes to other things that they're doing

98. 0:54:25 — open the recording at 54 minutes 25 secondsBrandon Sakbun (chair): yeah i guess i think um you know we could go down this rabbit hole but kind of to use a military example here the the intent in this conversation is to maximize revenue and lower the subsidy the minute details of the discount the food the drink venue that's not going to be litigated here

99. 0:54:44 — open the recording at 54 minutes 44 secondsBrandon Sakbun (chair): within the next hour so i really think we just put a pin in this and then re-engage with downtown Terre Haute and I think we got a lot of good feedback here I think generally most people would agree that you know our goal should be to get away from that subsidy and this minute detail on conversation can happen over these next couple of weeks like as a board wall just stay stay on it and Chris raises like a very fair point you know let's get the terminal copper ladybird J Ford Saratoga involved in some of these self-producing events I think that's an

100. 0:55:14 — open the recording at 55 minutes 14 secondsBrandon Sakbun (chair): easy way to kind of win this plane but we can hash that out at a later day i don't want to belabor this topic really any longer today with what else we have on the agenda

101. 0:55:24 — open the recording at 55 minutes 24 secondsSpeaker 94: okay anything else okay thank you

102. 0:55:32 — open the recording at 55 minutes 32 secondsSpeaker 73: okay next we have an update on operating budget and cash flow

103. 0:55:38 — open the recording at 55 minutes 38 secondsSpeaker 98: with baker all right thanks for having me guys uh again this is kyle carlson baker tilly joining

104. 0:55:42 — open the recording at 55 minutes 42 secondsKyle Carlson (consultant): online. I'm here to talk about the cash flow that we circulated yesterday. So I think we can jump in. There are some bigger changes that I'm going to go through from a few months ago. So starting in July, the end of July, the cash balance was about 5.3 million, including investments. Keep in mind there are some bigger expenditures coming in August, but I did want to let you know that on July 10th, 1.5 million was used to purchase a six-month CD. We do include those investment amounts in the balances that you see on the cash flow.

105. 0:56:22 — open the recording at 56 minutes 22 secondsKyle Carlson (consultant): Then your August food and beverage distribution was 297,000 compared to 279,000 in August of 25. So that was good to see that increase. There has been approximately a 3% growth through the first eight months in 2026 compared to 2025. which tracks with the 2025 annual growth of 3%. Did want to point out just a reminder to invoice the city for their summer distribution of 250,000, as I don't think I've seen that come in yet. And then moving on to expenditures, there is an August operating account transfer of 247,000 that we have on there.

106. 0:57:09 — open the recording at 57 minutes 9 secondsKyle Carlson (consultant): And then there's 257,000 remaining in the allotted 400,000 available for the rowing boathouse. But as I saw at the finance committee meeting, there is some bigger expenditures coming this month. So we'll report back on how much is available of that 400K allotment following August. and then we also if you move to page three we've now broken out 2027 calendar year by on a month by month basis um we do include the interest earnings uh up in the receipt section maybe six lines down you'll see interest earnings uh we're positive that's an argument of approximately

107. 0:57:54 — open the recording at 57 minutes 54 secondsKyle Carlson (consultant): 31 000 which is based on the you know six months interest earnings from the cd that's going to come

108. 0:58:01 — open the recording at 58 minutes 1 secondSpeaker 33: due in january kyle yes pause here let's in 2026 um the first thing is i would remove theater

109. Highlight · drawn from this moment: CIB pencils in $1 million for Indiana Theater repairs in 2027, banking on a state grant match

     0:58:11 — open the recording at 58 minutes 11 secondsBrandon Sakbun (chair): capital costs just from this year we are working on an rfp for the ready 2.0 arts and culture grant dollars and how we can access those that rfp should be done knock on wood here at the september meeting that we can issue it out so that puts 60 days in so we receive that in november and then the ultimate goal would be to see some construction and movement late summer of 2027. so i would go ahead in august and september each put 500 000 in each of those theater

110. 0:58:50 — open the recording at 58 minutes 50 secondsBrandon Sakbun (chair): capital costs and then for this board's awareness since it's a reimbursement model you'll see us approve these invoices then get reimbursed from the iabc chris and eddie here when we get reimbursed does that mean do we have to go back to the county council to put the reimbursement back

111. Highlight · drawn from this moment: CIB pencils in $1 million for Indiana Theater repairs in 2027, banking on a state grant match

     0:59:12 — open the recording at 59 minutes 12 secondsSpeaker 107: into the account or are we good

112. 0:59:14 — open the recording at 59 minutes 14 secondsSpeaker 109: I believe we're good I've never had to go to council county council or anything to bring

113. 0:59:22 — open the recording at 59 minutes 22 secondsBrandon Sakbun (chair): revenue back down to the line okay okay then on the for the budget next year Chris did we include like probably it'd be safe honestly to include one to two million and spending for the theater or just based off the grant?

114. 0:59:42 — open the recording at 59 minutes 42 secondsSpeaker 116: I submitted the budget in June prior to the grant.

115. 0:59:47 — open the recording at 59 minutes 47 secondsSpeaker 118: So, no. Do we need to amend that?

116. 0:59:50 — open the recording at 59 minutes 50 secondsSpeaker 120: No.

117. Highlight · drawn from this moment: CIB pencils in $1 million for Indiana Theater repairs in 2027, banking on a state grant match

     0:59:51 — open the recording at 59 minutes 51 secondsBrandon Sakbun (chair): No, we're good. It's just awareness. Okay. So then I think, yeah, Kyle, I would put half a million then in August and September.

118. 0:59:59 — open the recording at 59 minutes 59 secondsBrandon Sakbun (chair): And then we will get better clarity on the payments and the allotments when the RFP comes back

119. 1:00:08 — open the recording at 1 hour 8 secondsSpeaker 122: and we decide on a general contractor are you saying splitting 500k or 500k each august and

120. 1:00:15 — open the recording at 1 hour 15 secondsBrandon Sakbun (chair): september 500k each please yeah for 2027 yep and then i um i need to get with the arts group that art space is because i know they are moving on that turn to the river project and i'm just hoping

121. 1:00:33 — open the recording at 1 hour 33 secondsBrandon Sakbun (chair): we can get that nailed this year obviously approved one invoice today for them of their 450 but uh just getting the rest nailed down for next year thank you

122. 1:00:43 — open the recording at 1 hour 43 secondsKyle Carlson (consultant): yeah thanks for those comments and direction um moving back to 2027 so you'll see the first the cd the first you know 1.5 million cd is going to come due in january so that's why you see the 31 000 of interest earnings then we just go ahead and assume that you guys roll that 1.5 million CD and then basically what you'll see is about 62,000 of interest earnings each year from the CD. So we wanted to account for that. And then also on page three you'll notice the operating account transfers. So we did get updated forecast from OVG and if you were

123. 1:01:24 — open the recording at 1 hour 1 minute 24 secondsKyle Carlson (consultant): to add all that up that's about 1.4 million. Hopefully that's conservative but it is based information provided that you know off of best estimates I think the reimbursements for 2026 are tracking around 1.2 million so it is a little bit of an increase and hopefully it goes the other direction but it's tough you kind of want to try to stay as conservative as you can and also try to be realistic so it's it's trying to find the fine line in between there but as it and that's kind of the same case when you jump to the next page for 28 and 29.

124. 1:02:01 — open the recording at 1 hour 2 minutes 1 secondKyle Carlson (consultant): you will notice that the vigo county distributions at the top stop as agreed upon again just to remind you guys we did know about that when we structured the convention center bonds so the bond payments do come down you know as those distributions stop we have increased the operating accounts transfer to 1.5 million and we didn't really want to increase it any more than that, but just trying to stay conservative going forward. And then I will say, you know, we didn't, we don't have annual increases in food and beverage on here. We just go off the last 12

125. 1:02:37 — open the recording at 1 hour 2 minutes 37 secondsKyle Carlson (consultant): months collections and keep it constant. And then for some of the smaller expenditures, we do show a little bit of increases due to inflation and things. Hopefully this is ultra conservative but you can kind of get a feel for what it looks like with all these assumptions

126. 1:02:54 — open the recording at 1 hour 2 minutes 54 secondsSpeaker 128: you know going forward so definitely we'll take question or direction but these are bigger changes

127. Highlight · drawn from this moment: CIB pencils in $1 million for Indiana Theater repairs in 2027, banking on a state grant match

     1:03:01 — open the recording at 1 hour 3 minutes 1 secondBrandon Sakbun (chair): so we wanted to go through it in a little bit more detail kyle in 2028 available for theater capital expense that number put a like a 1.1.7 there and then after that analyze the available

128. Highlight · drawn from this moment: CIB pencils in $1 million for Indiana Theater repairs in 2027, banking on a state grant match

     1:03:19 — open the recording at 1 hour 3 minutes 19 secondsBrandon Sakbun (chair): cash and let me know if we meet the debt service coverage ratio for the Convention Center bond after that one sevens there so I can look at some some other options but that one seven plus the 1 million for 2027 which is kind of adds up to our match for the ready 2.0 grand it's a one-to-one match we have

129. 1:03:42 — open the recording at 1 hour 3 minutes 42 secondsSpeaker 8: 4.2 kind of in the conversation but then there's some wiggle room for if we can continue to update the Indiana theater thank you that makes sense that's all I

130. 1:03:57 — open the recording at 1 hour 3 minutes 57 secondsSpeaker 13: have any questions from the board on the cash flow update or you know kind of

131. 1:04:06 — open the recording at 1 hour 4 minutes 6 secondsBrandon Sakbun (chair): mixed with the theater update at the same time but any questions there

132. 1:04:11 — open the recording at 1 hour 4 minutes 11 secondsBrandon Sakbun (chair): All right, let's go ahead and move on now to update on legal matters.

133. 1:04:22 — open the recording at 1 hour 4 minutes 22 secondsSpeaker 137: Nothing. That's a good thing.

134. 1:04:26 — open the recording at 1 hour 4 minutes 26 secondsSpeaker 123: All right, good news. Larry Bird Museum graphics update.

135. 1:04:31 — open the recording at 1 hour 4 minutes 31 secondsSpeaker 142: Yeah, good morning. The Bird Museum opened a little over two years ago.

136. Highlight · drawn from this moment: Larry Bird Museum replaces peeling graphics after warranty dispute with original vendor

     1:04:38 — open the recording at 1 hour 4 minutes 38 secondsMark (presenter): Can everybody hear me okay? At about 11 months, Tennille started noticing some of the graphics were bubbling, so the graphic panel is separating from the artwork. and it advanced. It was shown up on more panels than just one. And we had a one-year warranty on everything in the museum, the electronics, the graphics, everything that was put in there by Ravenswood up in Chicago. So we contacted them and long story short, they blamed the graphics delamination on the environment in the museum. I guess you'd say

137. 1:05:31 — open the recording at 1 hour 5 minutes 31 secondsMark (presenter): humidity fluctuations. And that's a whole separate argument in our, what do you say, dispute with Ravenswood over their responsibility is a separate argument. The decision was made to proceed with making the museum look right again and not have display graphics that were deteriorating. I don't think everyone would have noticed it, but it wasn't a good look. We're proud of Larry Bird, so we wanted everything to look right. So we proceeded with graphics replacement. Picked a firm in Indianapolis called Ignition Arts after not having good

138. Highlight · drawn from this moment: Larry Bird Museum replaces peeling graphics after warranty dispute with original vendor

     1:06:17 — open the recording at 1 hour 6 minutes 17 secondsMark (presenter): success with another company named Hamilton, also in Indy. And I think we first engaged with Ignition Arts in January. And we paid them a 50% deposit for the graphics. It's It's been a few months ago. And somewhere along the line, initially I sent them shop drawings that Hilfrey, the exhibit design firm, had done so they could identify the dimensions of the panels and submit what they needed in this new phenolic system, which is a very, you might say, bulletproof graphic system. It's actually used outdoors, so it withstands sun, rain, freezing, etc., going that way.

139. 1:07:15 — open the recording at 1 hour 7 minutes 15 secondsMark (presenter): And they came back with a price. We sent them 50%. Then it was determined that their references for the panels that needed to be replaced were incorrect. They were working on four panels and in the end it was, there were a total of five and one rather large panel had been missed in the process of identifying all the components in this refitting. So we're back on track with them and I just sent a note to Zach, one of the principals at Ignition Arts, and asked him what, let me take a look here and see if I have an email, but I can try and update on the timing on the quote for the

140. 1:08:07 — open the recording at 1 hour 8 minutes 7 secondsMark (presenter): the new graphics with John and Tennille, hopefully in the next couple of days. And then we'll try to set a date for when the graphics installation takes place. One of the other snags in this was that Ignition Arts had drafted the agreement and one of provisions was that they would come to the museum and look at all the fittings around the graphics. Most of the graphics are framed, metal framed, not just a simple project. You need to look at what you're going to be involved with as far as, you know, dimensions. Sixteenth of an inch one way

141. 1:08:54 — open the recording at 1 hour 8 minutes 54 secondsMark (presenter): the other could screw things up. So that is has taken place I think Tenille what Monday or Tuesday Monday or yesterday the guys were in there? Yeah so hopefully the guy that they sent over has got a fix on panel dimensions, panel thickness, attachment points and all that and they'll proceed to get us a new quote. They started using the term change order and I made it clear to Zach that we don't want penalized for adding a panel into the project and he assured me that the only thing that's going to happen is they're going to add the square footage of graphics and the

142. 1:09:48 — open the recording at 1 hour 9 minutes 48 secondsMark (presenter): new installation work that that fifth panel would entail. So again I'll get back with John and Tennille when we got the new number. My hunch is that we're looking at another

143. Highlight · drawn from this moment: Larry Bird Museum replaces peeling graphics after warranty dispute with original vendor

     1:10:03 — open the recording at 1 hour 10 minutes 3 secondsSpeaker 148: several thousand dollars on top of that original quote of 23,000.

144. 1:10:08 — open the recording at 1 hour 10 minutes 8 secondsSpeaker 150: Could you, Mark, explain to the board here what exactly are the phenolics? I mean, is it paint or what is it?

145. 1:10:24 — open the recording at 1 hour 10 minutes 24 secondsSpeaker 151: Yeah, the system that was used, I guess I could say we were, the CIB was minding the budget.

146. 1:10:33 — open the recording at 1 hour 10 minutes 33 secondsMark (presenter): And you can spend money for different grades of graphics, different durability levels on things like fade, scratch-proofness, and probably adhesion. And we went kind of in the, you know, maybe the Buick grade there, not Cadillac, not Chevy. And that system is a printed graphic. It's three layers. One's an adhesive layer, a graphic layer, and an overlay of Lexan-type material polycarbonate. So that's like the thickness of a piece of cardstock or maybe, you know, the cardboard backer on a tablet. That then is glued to MDF, which is a half-inch thick, usually a half-inch thick fiberboard.

147. Highlight · drawn from this moment: Larry Bird Museum replaces peeling graphics after warranty dispute with original vendor

     1:11:37 — open the recording at 1 hour 11 minutes 37 secondsMark (presenter): And so you've got a graphic glued to a panel, and that gets installed in the museum. The system we're going with, the phenolic, is a program where this half-inch thick plastic panel has the graphics embedded in it. Nothing is, there's no lamination, there's no layers of different material that depend on adhesives. And it's, so it's, it's like, it's like a clear resin with the graphic material right in it. And as I mentioned, this system is used in national parks for wayfinding and information panels.

148. 1:12:28 — open the recording at 1 hour 12 minutes 28 secondsMark (presenter): You know, it's in the desert getting, you know, 150 degree temperatures and hammered by the sun and on clear skies. And then freezing in the winter and is proven to be very stable, very durable to the point where it's got a 10 year warranty. That's what we heard from iZone, the company that will actually produce the panels there in Texas. So this is premium material and more expensive, significantly more expensive than what was used initially in the museum. So we should be good. The only caution I'd say is, you know, going forward, we need to make sure, and Tennille was touching on this,

149. 1:13:11 — open the recording at 1 hour 13 minutes 11 secondsMark (presenter): We need to make sure the environment in the museum is stable, humidity and temperature wise, so that we don't get more deterioration of these graphic panels that are not going to get the phenolic system.

150. Highlight · drawn from this moment: Larry Bird Museum replaces peeling graphics after warranty dispute with original vendor

     1:13:27 — open the recording at 1 hour 13 minutes 27 secondsSpeaker 153: We're only redoing maybe a third of the panels in the museum.

151. 1:13:37 — open the recording at 1 hour 13 minutes 37 secondsSpeaker 150: Okay. Okay. Question to Eddie now. Where does Ravenswood stand in all this and what are our options now?

152. Highlight · drawn from this moment: Larry Bird Museum replaces peeling graphics after warranty dispute with original vendor

     1:13:51 — open the recording at 1 hour 13 minutes 51 secondsEddie Felling (counsel): Well, as a recap, we filed a warranty claim. Mark mentioned that we had a one-year warranty. Again, they denied that warranty claim. We followed up with two sets of demand letters. And the only formal response we got was a proposal to come back in and fix the defective products, but at an additional cost. So essentially their offer was not only zero, but you pay us more money to come in and fix it. I know at our last June meeting we discussed potentially having an executive session to discuss options. Happy to still set that up if that's an avenue you want to explore.

153. 1:14:32 — open the recording at 1 hour 14 minutes 32 secondsEddie Felling (counsel): I will say, and John, I know you can vouch for this and Mark as well, that we spent a considerable amount of time and energy on this issue. Thankfully, it looks like we're close to maybe wrapping this up and having at least the immediate problems fixed. But again, I'm happy to set that up if that's something the board wants.

154. 1:14:57 — open the recording at 1 hour 14 minutes 57 secondsSpeaker 64: As far as I'm concerned, it's up to the rest of the board what they want to do.

155. 1:15:01 — open the recording at 1 hour 15 minutes 1 secondLarry (board member): You know, I'm retired now, and that's my life right now downtown. So I think, just like Mark said, this is a product that will last way on into the future, and we won't have to do any more with it. So I would say forget Ravenswood. They sold us a bill of goods and maybe we didn't move fast enough to do anything about it, but what's done is done. If the board, probably an executive session would be a good place to handle that.

156. Highlight · drawn from this moment: Larry Bird Museum replaces peeling graphics after warranty dispute with original vendor

     1:15:49 — open the recording at 1 hour 15 minutes 49 secondsBrandon Sakbun (chair): Yeah, let's get an executive session scheduled before I go off on some rant and pontificate.

157. 1:15:56 — open the recording at 1 hour 15 minutes 56 secondsSpeaker 160: Are we planning on having an August? or excuse me, a September meeting? Yeah. 845?

158. 1:16:04 — open the recording at 1 hour 16 minutes 4 secondsSpeaker 168: OK. Yeah. Perfect.

159. 1:16:12 — open the recording at 1 hour 16 minutes 12 secondsSpeaker 173: Mark, thank you for everything that you have done

160. 1:16:16 — open the recording at 1 hour 16 minutes 16 secondsLarry (board member): in this project and moving us forward now down the correct path. And to Neal and Brady and her group over there for putting up with me and doing what needs to be done

161. 1:16:29 — open the recording at 1 hour 16 minutes 29 secondsSpeaker 174: over there at the museum. Thank you, John, for the time on this matter,

162. 1:16:36 — open the recording at 1 hour 16 minutes 36 secondsBrandon Sakbun (chair): really going through this deliberately. Moving on to item 5.5, other businesses. Anything from the board?

163. 1:16:44 — open the recording at 1 hour 16 minutes 44 secondsBrandon Sakbun (chair): OK, new business, Midwest Elite Sports Foundation presentation.

164. Highlight · drawn from this moment: Developer asks Capital Improvement Board for $2.5 million toward a 100-acre youth sports complex

     1:16:53 — open the recording at 1 hour 16 minutes 53 secondsAdam Meyer (presenter): Will you guys go ahead and click through the slides for me or is there a clicker? Perfect. Board, thank you for your time. I'm Adam Meyer, resident of Terre Haute, Indiana, born and raised, a product of Dixie B, Honey Creek, Terre Haute South High School, also a product of the local community and a group of us are trying to create what is called the Terre Haute Athletic District. The opportunity that the athletic district brings is an opportunity to develop a 100-acre parcel. With that comes a multi-sport development as well as an opportunity for a multi-family

165. 1:17:36 — open the recording at 1 hour 17 minutes 36 secondsAdam Meyer (presenter): and a retail development to go with it all included into that 100 acres. What the multi-sport development brings, it creates a tournament-like atmosphere and it's It's a district of capable attracting local teams, families and events across Indiana and Midwest as a whole. It pairs sports infrastructure with mixed use development such as hospitality, retail and walkable gathering spaces. And then it keeps more local athletes and a training facility for these athletes to compete in Terre Haute while bringing new visitors to the state and the city. It's a three phased approach.

166. 1:18:14 — open the recording at 1 hour 18 minutes 14 secondsAdam Meyer (presenter): Phase one will be 10 softball and baseball fields. It'll have two concession stands and a maintenance building. Phase two will include an indoor soccer, football and tennis facility. I've had multiple multifamily and hotel developments reach out to me to pair up with phase two of the development with the indoor facility to have a hotel and a multifamily housing complex on the 100 acres. And then phase three is to be determined. We can add four more baseball fields or we have an opportunity to pair with the Viggo County School Corporation and house any athletics that the school

167. 1:18:51 — open the recording at 1 hour 18 minutes 51 secondsAdam Meyer (presenter): corporation and what specifically would be the new Eastside High School, whether that's baseball, whether that's softball, whether that's soccer, whether that's tennis or whatever the case may be that they are looking to do. As you can see on the screen, this is a mock image of what it will do. I'll go back to phase one is 10 softball slash baseball fields that also can be used for flag football as well. The two concession stands and then the maintenance building to house everything. It'll include 3500 parking spaces over this

168. 1:19:22 — open the recording at 1 hour 19 minutes 22 secondsAdam Meyer (presenter): development. So when you look in and start analyzing the food and beverage costs of what it brings to the table, it actually brings over $7 million in hotel stays to the city and county. It brings over $4 million in food and beverage to the city and to the county. Going back to the earlier presentations of how do we attract to the Saratogas, to the Copper Bars, to the terminal. You have over 1,000 families coming to this facility every week. Why does that matter to the CIB? First and foremost, visitation, tournament weekends. This athletic foundation has partnered with USSSA,

169. 1:20:02 — open the recording at 1 hour 20 minutes 2 secondsAdam Meyer (presenter): which is the largest travel baseball and softball organization, to run 31 weekends out of the 52 weekends a year, just on the outdoor side of things. We were also in the process of partnering with the USTA, Terre Haute Junior Tennis, with Dallas Kelsey being here today from the indoor tennis side of things. There will be six indoor tennis courts in the indoor facility. We're in the process of finalizing that grant from the National USTA, the Central United States Tennis Association, and the State United States Tennis Association.

170. 1:20:31 — open the recording at 1 hour 20 minutes 31 secondsAdam Meyer (presenter): So it's giving every kid growing up an aspect to continue to get better fundamentally in athletics and competition. The hotel demand brings in over 37,646 hotel nights a year. So being a prosperous to our local hotels and filling rooms on top of what the Visitors Bureau, the Convention Center does already. The annual hotel revenue is over $7.5 million. The total impact of the athletic district will be $19 million per year. That's just on the 10 football softball fields, not including phase two and phase three to the equation.

171. 1:21:09 — open the recording at 1 hour 21 minutes 9 secondsAdam Meyer (presenter): Local spending, obviously restaurants, fuel, retail, entertainment and services. Being able to partner with organizations, whether it's convention center, whether it's the mill to incorporate the experience of not only the baseball, softball, flag football, tackle football experience. Now you can start partnering with other organizations such as the Boys and Girls Club, which is why Bobby's here to provide inner city youth athletics. Wabash, the Midwest Elite Sports Foundation is in contact with Major League Baseball to house RBI baseball, which is reinvigorate baseball in inner cities.

172. 1:21:41 — open the recording at 1 hour 21 minutes 41 secondsAdam Meyer (presenter): So allowing those inner city kids an opportunity that would not have an opportunity to play at a world class facility.

173. 1:21:48 — open the recording at 1 hour 21 minutes 48 secondsSpeaker 184: And then it's a mixed use district that turns sports into a broader Terre Haute destination.

174. 1:21:52 — open the recording at 1 hour 21 minutes 52 secondsAdam Meyer (presenter): accountability measures obviously for an ask for the cib i think it's very important that there's trackable milestones obviously permitting site work field construction and opening dates pipeline i would be more than happy to come present to you guys each month reporting tournament the events dates participating teams and estimated attendance for those particular events each weekend we will be able to track the room night opportunities and visitor spending when the data available all these tournaments through you triple s a are stay and play so the outside teams that

175. 1:22:26 — open the recording at 1 hour 22 minutes 26 secondsAdam Meyer (presenter): are playing have to stay at a participating hotel so being able to track that nightly stays each year each month and each week will be readily available each weekend and then we'll be able to obviously partner with the city and have open green spaces programming youth participation camps i mentioned rbi baseball and any partnerships that you as a capital improvement board see fit as well as working with the mayor and the commissioners with the county to utilize the space and then like i said annual reporting so you guys will have annual reporting of what revenue is

176. 1:22:59 — open the recording at 1 hour 22 minutes 59 secondsAdam Meyer (presenter): coming in not only through the facility but through the foundation as well from an open transparency so what does it do for the community you have high quality training and competition that's close to home there's 68 travel baseball and softball teams within a 15 square mile radius in terrehote indiana So you look at an average roster size of 11 to 12 kids. There's over 700 kids that are playing travel, baseball and softball in our local community within 15 miles away. Not to mention this facility can house 92 teams a weekend just on 10 fields.

177. Highlight · drawn from this moment: Developer asks Capital Improvement Board for $2.5 million toward a 100-acre youth sports complex

     1:23:29 — open the recording at 1 hour 23 minutes 29 secondsAdam Meyer (presenter): If we go to 16 fields, we can run up to 134 teams a weekend out of Terre Haute. It also, like I said earlier, it presents itself to partner with Viggo County School Corporations. opportunities working with Wabash Valley Sports Center, Terre Haute Boys and Girls Club, nonprofit organizations such as USTA, such as the Junior Tennis of Terre Haute. And then, like I said, it brings in the retail hospitality and community life. So my proposed path forward would confirm CIB eligibility and funding opportunities in a structure would be to finalize the site plan and the scope of the project

178. 1:24:08 — open the recording at 1 hour 24 minutes 8 secondsAdam Meyer (presenter): with the phases and then validate capital budgeting and financing stats with the investment investors and we'll be able to finalize the U triple S a agreement with Ohio Valley Sports in particular which is a U triple S a vendor and then be able to start permitting in construction by March 1st and so my ask would be would be a $500,000 commitment for five years to the Midwest Sports Elite Foundation to help support the infrastructure tournaments directly and the visitor activity it helps with the amenity circulation parking utilities the field

179. 1:24:47 — open the recording at 1 hour 24 minutes 47 secondsAdam Meyer (presenter): structure and eligibility capital components and it'll demonstrate a local public sector aligning to strengthen partnerships and financing with grant efforts and with that I'll open any questions

180. 1:24:59 — open the recording at 1 hour 24 minutes 59 secondsBrandon Sakbun (chair): yeah I'll go ahead and start and I think this thank you for putting together this deck I know I'm sure Karen over at the CVB would have some specific questions on the hotel data and how to track that.

181. 1:25:10 — open the recording at 1 hour 25 minutes 10 secondsBrandon Sakbun (chair): And kind of not just for yourself, but for the room and for the board.

182. 1:25:14 — open the recording at 1 hour 25 minutes 14 secondsBrandon Sakbun (chair): I know Chris is very familiar with what I'm about to say when it comes to economic development incentives.

183. 1:25:20 — open the recording at 1 hour 25 minutes 20 secondsBrandon Sakbun (chair): Basically, when a group comes to the community, it could be a target. It could be a GE aviation facility.

184. Highlight · drawn from this moment: Developer asks Capital Improvement Board for $2.5 million toward a 100-acre youth sports complex

     1:25:27 — open the recording at 1 hour 25 minutes 27 secondsBrandon Sakbun (chair): It could be a sports complex. there's really four kind of well-known buckets of public-private partnerships that you can turn to the first is a tip district right so basically you know we draw a geographical area the increase in net assessed value or the tax money that would go to that district could go to that development specifically to help get it over the finish line with infrastructure and utilities a host of options there the other option which I know you two are very familiar with Emily and John it's the

185. 1:25:59 — open the recording at 1 hour 25 minutes 59 secondsBrandon Sakbun (chair): abatement right you see a lot of companies come in pitch an abatement so then on their 10-year pro forma they can put a specific number of how much they would or would not pay in taxes to help with their loan amounts very rarely does this option occur but you could explore potentially a tiff and an abatement I would not recommend that that is very hard to capture specific

186. 1:26:23 — open the recording at 1 hour 26 minutes 23 secondsBrandon Sakbun (chair): revenue growth when you're starting to talk about evading taxes another option

187. 1:26:29 — open the recording at 1 hour 26 minutes 29 secondsBrandon Sakbun (chair): I would say and then I'll probably stop there because those are the these are the four common ones is you have a mixture of foundation grants you have a mixture of a tiff and then you have a mixture of infrastructure specific conversations so for example some of the largest infrastructure projects that the city is currently undertaking are benefiting almost every single parcel that touches that infrastructure project as well as some projects miles away a good example is the water project that happened at fruit Ridge and Margaret

188. 1:27:02 — open the recording at 1 hour 27 minutes 2 secondsBrandon Sakbun (chair): new Margaret phase one the improvements to hunt Road the conversation around utilities at the airport what we do on the 13th Street corridor where the city over the last five years is put 4.7 million dollars in infrastructure improvements some residents see just a curb and storm water but the harsh reality is all those improvements are helping every residential and commercial property owner the reason I go through these options for funding is in my personal opinion as a board member and president the CIB should be at the

189. 1:27:33 — open the recording at 1 hour 27 minutes 33 secondsBrandon Sakbun (chair): very bottom of all these conversations with the CIB is limited funding amount right you know really with the theater with our debt service coverage and how Kyle and I kind of communicate the numbers. We have very few options on projects that we can support. And the reason I say the CIB should be at the end is as mayor, I need to see a location, whether it's city or county. If it's in the county, I need to have a conversation about whether or not we annex it into the city or not. Then I have to turn around and say, OK, let's look at the civil engineering drawings,

190. 1:28:09 — open the recording at 1 hour 28 minutes 9 secondsBrandon Sakbun (chair): calculate out what infrastructure is needed with our utility partners, figure out if those infrastructure abilities are there or not there. And then after all that, I can go over to the assessor's office and say, okay, now can we look at what it would do if we created a TIF or what it would look like to abate that. Just so this entire room and, frankly, the audience is aware, each public-private project that gets discussed, for the most part, sometimes the private sector just come in and puts the bill on some of this. expenses are incurred with the city and it's not just opportunity cost I I

191. 1:28:48 — open the recording at 1 hour 28 minutes 48 secondsBrandon Sakbun (chair): think I'm getting better but I am also not Baker Tilly or or crow so some of the tiff numbers that we would have to run comes at a cost some of the legal paperwork comes at a cost and while me and Jordan Marvel at redevelopment try

192. 1:29:01 — open the recording at 1 hour 29 minutes 1 secondBrandon Sakbun (chair): to handle a lot we can only do so much of the administrative process required

193. 1:29:07 — open the recording at 1 hour 29 minutes 7 secondsBrandon Sakbun (chair): and the reason why I'm saying all this is when I look at a project I want to see is land secured or is there a purchase agreement I do want to see construction timeline which you hit and I'm thankful you had and then I want to

194. Highlight · drawn from this moment: Developer asks Capital Improvement Board for $2.5 million toward a 100-acre youth sports complex

     1:29:21 — open the recording at 1 hour 29 minutes 21 secondsBrandon Sakbun (chair): make sure every other option has been exerted and said yes or no so have we pursued a tip have we pursued an abatement have we pursued a tip in an abatement have been where are our total grant numbers our infrastructure numbers and our TIF numbers.

195. 1:29:40 — open the recording at 1 hour 29 minutes 40 secondsBrandon Sakbun (chair): So this way we can look at every ability for a government function, whether it be county, city, CIV, to assist in a private development. And I will add, for me personally, if we assist in a private development, I love the hotel numbers, I love the travel teams, and I'm happy you did hit on this in your presentation about inner city kids, but there was just a very long article in the Wall Street Journal about how, frankly, horrible travel sports has become

196. 1:30:12 — open the recording at 1 hour 30 minutes 12 secondsBrandon Sakbun (chair): and the cost tied to it and how so many young athletes across the United States, especially here in Terre Haute, don't have the ability to do that. That's one reason why at the city I like the Booker T. Washington project. I like the YMCA project.

197. Highlight · drawn from this moment: Developer asks Capital Improvement Board for $2.5 million toward a 100-acre youth sports complex

     1:30:28 — open the recording at 1 hour 30 minutes 28 secondsBrandon Sakbun (chair): I love what Bobby does at the Boys and Girls Club and I'm looking at opportunities there because there is a sector of our population that it's going to really struggle just making it, just physically driving it here. And that's a group that I would want to advocate for in any public-private partnership that we would do around athletics. So I appreciate the presentation. I think we need to go through our checklist of all the other options before we get an official number for a formal ask to the CIB. I don't think we're there today, to be quite honest.

198. 1:31:06 — open the recording at 1 hour 31 minutes 6 secondsBrandon Sakbun (chair): Correct. But I do appreciate the direction that we are moving.

199. 1:31:12 — open the recording at 1 hour 31 minutes 12 secondsAdam Meyer (presenter): And to speak a little to that, obviously we're meeting with Kevin Gardner to finalize what the assessed value would be on two different locations, one south and one east. Obviously working with the mayor and Jordan Marvel on the south location being annexed into the city, if that's the direction this goes. But I'll go back to my Mr. Brewer and Bobby Knoss.

200. 1:31:33 — open the recording at 1 hour 31 minutes 33 secondsAdam Meyer (presenter): I'm a product of the Terre Haute Boys and Girls Club. kids I went to went there every day is sitting in jail over bad decisions and this is an opportunity to give back to our community and get these kids an opportunity to get involved in structured organizations and more importantly or just as importantly looking at building the community of Terre Haute and the greater good of Vigo County of of having a destination that can bring over a thousand visitors to this location to help support the local restaurants to help to support the local retail organizations so with that adding

201. 1:32:04 — open the recording at 1 hour 32 minutes 4 secondsAdam Meyer (presenter): that we are working with kevin gardner on the assessed value to maximize that tiff as well and so i'll open up to any other questions anybody else may have

202. 1:32:14 — open the recording at 1 hour 32 minutes 14 secondsChris Switzer (commissioner): no i mean adam great to see you you obviously know i'm a big travel sports fan my son plays we

203. 1:32:20 — open the recording at 1 hour 32 minutes 20 secondsChris Switzer (commissioner): travel for the city of indiana ohio kentucky illinois michigan um i really like this project

204. 1:32:29 — open the recording at 1 hour 32 minutes 29 secondsSpeaker 109: What's your total cost or what's your anticipated total cost?

205. Highlight · drawn from this moment: Developer asks Capital Improvement Board for $2.5 million toward a 100-acre youth sports complex

     1:32:33 — open the recording at 1 hour 32 minutes 33 secondsAdam Meyer (presenter): Yeah, phase one for the 10 turf fields, two concession stands, maintenance building and parking is a $15 million development for phase one.

206. 1:32:41 — open the recording at 1 hour 32 minutes 41 secondsAdam Meyer (presenter): Phase two, when you incorporate the indoor facility with including soccer and tennis, you're another $10 million. So phase one and two, not counting the hotel and the multi-family, we're looking at $25

207. 1:32:54 — open the recording at 1 hour 32 minutes 54 secondsSpeaker 200: million development within three years. Can you go back to the phase slides?

208. 1:32:59 — open the recording at 1 hour 32 minutes 59 secondsSpeaker 202: I don't know how to go back. There's no back button. Try turning it off and back on again. There we go. All right, we got it. Sorry, it was small. I couldn't. It's a little nerve-wracking up here.

209. 1:33:15 — open the recording at 1 hour 33 minutes 15 secondsBrandon Sakbun (chair): Chris and Eddie, question to you two for your thoughts. My personal thought is the 2% tax cap on the multifamily multifamily and then the 3% at mixed-use retail would juice the tip and make

210. 1:33:30 — open the recording at 1 hour 33 minutes 30 secondsBrandon Sakbun (chair): something possible more so than just the fields and the buildings under the state

211. 1:33:35 — open the recording at 1 hour 33 minutes 35 secondsSpeaker 211: tax laws right or my thinking what is a field tax that actually let me start

212. Highlight · drawn from this moment: Developer asks Capital Improvement Board for $2.5 million toward a 100-acre youth sports complex

     1:33:40 — open the recording at 1 hour 33 minutes 40 secondsAdam Meyer (presenter): there that I don't so according to Kevin it is the parking it is the concrete it is the fencing around the fields and around the facility and then they take a portion of the cost of the development as well. So phase one to answer your question 15 million dollar development for the 10 fields. Phase two would be another eight to ten million dollar development and then phase three depending on do we want to partner with Vigo County School Corporation, do we want to add additional four to six fields will be an additional four to eight million dollars. So all in all it's a 30 to 32

213. 1:34:16 — open the recording at 1 hour 34 minutes 16 secondsAdam Meyer (presenter): million dollar development. Is Midwest Elite Sports Foundation a non-profit? It's in the process. Everything's been filed through the federal government for a 501c3. The land owner, to answer Brandon's question about the TIF, the land owner is for-profit and the non-profit will lease from the landowner. So there's two components of for-profit and non-profit organization. And then a third component is Indiana Bulls West, which is the travel ball organization that I'm a part of is also a 501 c3 so there's really two different avenues from a non-profit and one avenue from

214. 1:34:48 — open the recording at 1 hour 34 minutes 48 secondsAdam Meyer (presenter): a for-profit perspective chris

215. 1:34:57 — open the recording at 1 hour 34 minutes 57 secondsSpeaker 36: i do think for the board it's probably worth

216. 1:35:03 — open the recording at 1 hour 35 minutes 3 secondsBrandon Sakbun (chair): chris and i calling the hamilton county commissioners and me calling the westfield

217. 1:35:07 — open the recording at 1 hour 35 minutes 7 secondsSpeaker 107: mayor and asking them hey what do you wish you would have done differently on the public side with all they got going on with kind of their sports conversations because I know

218. 1:35:17 — open the recording at 1 hour 35 minutes 17 secondsSpeaker 222: you know some other communities across the state or they're not getting what

219. 1:35:23 — open the recording at 1 hour 35 minutes 23 secondsBrandon Sakbun (chair): they wanted or they they've found that they put in too much compared to the private sector so it's probably worth some conversations with Kokomo and

220. 1:35:30 — open the recording at 1 hour 35 minutes 30 secondsBrandon Sakbun (chair): Westfield those are the I think we'd be more like a Kokomo than 100 percent

221. 1:35:34 — open the recording at 1 hour 35 minutes 34 secondsBrandon Sakbun (chair): Westfield of course but Westfield just been in the game so long and the mayor up there scott is great guy former marine and him like we get along great and he's helped me on some other projects so just you know right off the bat without seeing the the assessment and looking at it the the phase two conversation is is easier because you can tie an incentive to the mixed

222. 1:35:59 — open the recording at 1 hour 35 minutes 59 secondsSpeaker 226: use retail to the whole hotel to the multi-family um and to be transparent that phase two development

223. 1:36:06 — open the recording at 1 hour 36 minutes 6 secondsSpeaker 180: on the multi-use or the multi-family and the hotel is from external developers that reach out to me

224. 1:36:13 — open the recording at 1 hour 36 minutes 13 secondsAdam Meyer (presenter): asking if I would partial off sections of that land. So first from a transparency perspective, Midwest Sports Elites would be the athletic facility and the indoor sports facility, hotel and multi-family would be a separate development that has been approached to me. So just trying to be transparent to you guys. I mean really to go from good to great here,

225. 1:36:31 — open the recording at 1 hour 36 minutes 31 secondsBrandon Sakbun (chair): but the the external partners we would look at their civil engineering how it affects you and then can a potential incentive with an external partner because their tax math is just cleaner and easier can that infrastructure be used to support you which would lower your bottom line with your initial 15 million and that's why it's so important with those external partners yourself and from a civil engineering side to visualize it with a pro former for each next to each other to kind of dive it I mean we can look at all sorts of options

226. 1:37:06 — open the recording at 1 hour 37 minutes 6 secondsBrandon Sakbun (chair): and I just I don't think we're there today to look at all sorts of options but I will say the meeting with the assessor is definitely on the right

227. 1:37:13 — open the recording at 1 hour 37 minutes 13 secondsBrandon Sakbun (chair): track I you can look at you know when you look at annexation that's basically saying do you want to go to the city or the county council for a tip conversation to put it simply right I think I'll be fair to summarize it you know I don't I don't think there's an unwillingness to have this conversation.

228. 1:37:32 — open the recording at 1 hour 37 minutes 32 secondsSpeaker 226: I think most parties that I've talked to government-wise are willing. We just need to continue to get some more information on this before we commit a number, is my personal thought.

229. 1:37:42 — open the recording at 1 hour 37 minutes 42 secondsSpeaker 180: Absolutely. And I partnered with the sports facility group out of Florida that has ran these facility

230. 1:37:47 — open the recording at 1 hour 37 minutes 47 secondsAdam Meyer (presenter): numbers across the country in terms of sizing, in terms of amount of tournaments, amount of teams, to assess the economic impact. I have no problem sharing that with you guys as a board, but confidentially, obviously, I've spent a significant investment in these numbers, so I would like to keep that confidential today. But I have no problem meeting with you guys individually to go over the economical impact from a food and beverage, from a hotel stay, on projections from facilities across the country. But I have no problem opening those books to you guys as a board.

231. 1:38:17 — open the recording at 1 hour 38 minutes 17 secondsChris Switzer (commissioner): Adam, how long have you been working on this project?

232. 1:38:18 — open the recording at 1 hour 38 minutes 18 secondsAdam Meyer (presenter): 18 months.

233. 1:38:20 — open the recording at 1 hour 38 minutes 20 secondsChris Switzer (commissioner): Do you have investors committed now?

234. 1:38:23 — open the recording at 1 hour 38 minutes 23 secondsAdam Meyer (presenter): I have, yes. I can obviously you're looking with IDEM and city and county permitting and state permitting.

235. 1:38:31 — open the recording at 1 hour 38 minutes 31 secondsAdam Meyer (presenter): I'm prepared to start construction within 65 to 90 days if possible.

236. 1:38:36 — open the recording at 1 hour 38 minutes 36 secondsSpeaker 243: Are you under contract on land?

237. 1:38:39 — open the recording at 1 hour 38 minutes 39 secondsAdam Meyer (presenter): I've got two parcels that I'm looking at from a contracting perspective and in direct conversations to finalize it. I'm looking at my stacked financing from a commitment standpoint to finalize the locations.

238. 1:38:51 — open the recording at 1 hour 38 minutes 51 secondsSpeaker 245: I assume that's we don't need these details.

239. 1:38:53 — open the recording at 1 hour 38 minutes 53 secondsSpeaker 242: No, you're good. I assume that's probably on the east side already. There's one east side and there's one south side.

240. 1:38:59 — open the recording at 1 hour 38 minutes 59 secondsSpeaker 247: Currently within the TIF?

241. 1:39:00 — open the recording at 1 hour 39 minutesAdam Meyer (presenter): The east side would be within the TIF. And then the south side exploring with the mayor, Jordan and Eddie, to annex that into the city that would ultimately fall within that TIF if we go the city route. Obviously, from a county perspective, whatever's best for this facility to give back. Personally, city, county, I'm flexible.

242. 1:39:24 — open the recording at 1 hour 39 minutes 24 secondsSpeaker 250: I don't think I have anything else. You're pondering.

243. 1:39:35 — open the recording at 1 hour 39 minutes 35 secondsChris Switzer (commissioner): I'll probably get with you and Eddie and offer some things that I think. We've obviously been talking about this force complex for 20 years.

244. 1:39:45 — open the recording at 1 hour 39 minutes 45 secondsChris Switzer (commissioner): At some point, I hope some resident like yourself takes this on

245. 1:39:49 — open the recording at 1 hour 39 minutes 49 secondsChris Switzer (commissioner): privately, philanthropically, and I agree with the mayor in some instance.

246. 1:39:59 — open the recording at 1 hour 39 minutes 59 secondsChris Switzer (commissioner): I think the CIB could be a proponent of this. Maybe your investors are relying on some of this public partnership funding. I don't know that. No.

247. 1:40:07 — open the recording at 1 hour 40 minutes 7 secondsSpeaker 242: You know, strategically, I'll go back to your talking about this 20 years.

248. 1:40:15 — open the recording at 1 hour 40 minutes 15 secondsAdam Meyer (presenter): Background, I purchased Chauncey Rose from the Terro Boys and Girls Club. I just recently sold my equity stake in that. That's been my lifeblood for the last three and a half years from a blood, sweat, and tears perspective. So this is going to happen. I want every partner involved, whether that's the county, whether that's the city, whether that's the CVB, whether that's the CIB. There's too many kids that don't have an opportunity to drive 101 miles to go to Westfield and play at Grand Park. I've fortunately been blessed that my 15-year-old son has been able to do that,

249. 1:40:43 — open the recording at 1 hour 40 minutes 43 secondsAdam Meyer (presenter): which is why I've brought the Indiana Bulls West here, which is a nonprofit organization that provides structure. so Chris respectfully we're going to get this done I firmly believe that with everybody sitting here

250. 1:40:56 — open the recording at 1 hour 40 minutes 56 secondsAdam Meyer (presenter): everybody watching on the phone I never thought I'd get three Pabst painters in the same room for a presentation but this isn't about Adam Meyer this is about every kid that needs an

251. 1:41:08 — open the recording at 1 hour 41 minutes 8 secondsAdam Meyer (presenter): opportunity and our big fight in the county right now is a school corporation and we fight that These kids need opportunities. I would argue this is just as big, if not big, bigger opportunity to give back to these kids. You know, I met with Miss Wager on the county council. She says we have a jail problem, which we do. How do we curb that? We give back and invest in our youth. So Chris, I would love to partner with you. This is, I'll make this last statement, this isn't about me. This is about every kid that walks through the Boys and Girls Club, Wabash Valley Athletic Association, sports,

252. 1:41:42 — open the recording at 1 hour 41 minutes 42 secondsAdam Meyer (presenter): Anybody that wants to touch a ball, you give them an outlet, and hopefully 10, 15 years from now we curb the jail problem, and we're not fighting over jails, and we're not fighting over schools. I've met with Mr. Collette. I've met with everybody that I can think of to get this project off the ground because it has been a conversation for 20 years, and I think we're at the 10-yard line driving in to get this over the goal line. I truly believe that.

253. 1:42:07 — open the recording at 1 hour 42 minutes 7 secondsChris Switzer (commissioner): Well, I appreciate you saying the charitable stuff and the nonprofit. Obviously that benefits you as well.

254. 1:42:14 — open the recording at 1 hour 42 minutes 14 secondsChris Switzer (commissioner): Obviously little leagues across the community are struggling with participation. Travel teams are, you know, say what you want, it's becoming more prevalent. People are jumping there. West Rope Little League struggling to get participation. Is there, my last question, is there a component to this that will help, you know, that little league structure for most parents in the community is the route that they will most likely have to go.

255. 1:42:41 — open the recording at 1 hour 42 minutes 41 secondsChris Switzer (commissioner): Is there a way that you can partner with North and Riley and West Air Houghton?

256. 1:42:46 — open the recording at 1 hour 42 minutes 46 secondsAdam Meyer (presenter): I will never say never, but I would go back to Major League Baseball and RBI baseball, which the sole focus is inner city athletics and giving these kids an outlet at a reduced cost. I mean, if you start looking, I mean, I pay $100 for my seven-year-old to play soccer, and then he's playing fall baseball at $85.

257. 1:43:07 — open the recording at 1 hour 43 minutes 7 secondsAdam Meyer (presenter): Now you start partnering with the right strategic partners in place, such as Major League Baseball, such as USA Flag Football, such as NFL Flag Football. Now all of a sudden you open up opportunities at a reduced cost to get these kids an opportunity, whether it's baseball, soccer, flag football. We have a very proud Vigo County Youth Soccer Association. We've met with them. They want to keep their facility from an outdoor perspective, but they want to potentially partner on an indoor perspective.

258. 1:43:34 — open the recording at 1 hour 43 minutes 34 secondsAdam Meyer (presenter): So, Chris, to answer your question, this is all about the kids that don't have an opportunity while pairing the 680 kids that play travel baseball today within a 15 square mile radius. So it isn't all about travel sports. Is the heavy funding coming from travel organizations Friday, Saturday, Sunday running 31 weekends a year? 100 percent. But you still have Monday, Tuesday, Wednesday, Thursday to partner and give back to the kids that may not have that opportunity.

259. 1:44:00 — open the recording at 1 hour 44 minutesAdam Meyer (presenter): So I don't want to say never, but I think from this facility and being able to partner with larger organizations such as Major League Baseball and the NFL and the grants that they already have established allows us to get the inner city kid, but also working with O'Reilly or North Little League to maybe do an interleague play to get participation at those facilities as well as is always on the table.

260. 1:44:23 — open the recording at 1 hour 44 minutes 23 secondsSpeaker 50: You know what I'll say is and I know Dallas is here. Dallas, what he did for the city is looking at an indoor conversation,

261. 1:44:32 — open the recording at 1 hour 44 minutes 32 secondsBrandon Sakbun (chair): put together the most comprehensive hour by hour, day by day court time scenario to show myself and Kylie over at Parks, how we can maximize summers, springs and falls with other organizations, with kids who weren't going to start in third, fourth, and fifth grade for tennis. So look at some of his work there to help codify the question that Chris asked. I think Dallas, you remember that product he made. I think that would be helpful to give everyone a visualization of what a Monday, Tuesday, Wednesday, Thursday looks like to kind of help continue to drive this.

262. 1:45:15 — open the recording at 1 hour 45 minutes 15 secondsSpeaker 263: Yeah, absolutely. Hi. I'm Dallas Kelsey with Terre Haute Junior Tennis.

263. 1:45:21 — open the recording at 1 hour 45 minutes 21 secondsDallas Kelsey (presenter): I'm also with kind of a representative of the USTA. I'm the national advocate for tennis in Terre Haute as well. Also with the Midwest and Central Indiana Tennis Association. So I've been in conversations both with the mayor and with Adam on different projects. But you were asking about funding. The USTA has essentially committed $1.1 million to the project. Part of the partnership where we go and what we do is the USDA would lease part of the building, they will pay the cost of that facility. They will employ the employees in that facility, which is also a 501c3.

264. 1:45:56 — open the recording at 1 hour 45 minutes 56 secondsDallas Kelsey (presenter): So there's absolutely no way to lose money on that part. Anything that would be any kind of a deficit would fall on the USDA. And the USDA has deep pockets, but they can only come at so much money. And that money is not always going to be available, which for me is kind of a sense of urgency. We've been talking for, yeah, a year. and Adam, I've known each other. So I've been in tennis for, I don't know, 42 years. I'm not from Terre Haute. I'm from Alexandria. I came to Terre Haute to play tennis at Indiana State, and I'm still involved.

265. 1:46:26 — open the recording at 1 hour 46 minutes 26 secondsDallas Kelsey (presenter): So I'm retired, and all I do now is teach and coach tennis throughout the community. I'm also part of the local Terre Haute Junior Tennis Association. I'm the president. And part of what we want to do is bridge the gap between the summer and the winter with our kids and bring them inside. And if you looked at the plan that we talked about before, We're also involved in school corporation and ways to provide tennis for underprivileged kids. So we do seek grants from USTA and other places. So there is some additional funding that's available.

266. 1:46:54 — open the recording at 1 hour 46 minutes 54 secondsDallas Kelsey (presenter): It's not millions of dollars, but it will serve the kids. My family sometimes asks me, why in the heck are you still doing this? And the truth of the matter is I enjoy it and it's for the kids. I want to get this building built because I think our community needs it terribly. And so a lot of what you've heard already is about the baseball and the softball and the travel and the impact. You're talking about a ton of people coming to Terre Haute. We don't have that kind of impact, that large. But we're going to bring people in as well through our tennis tournaments.

267. 1:47:21 — open the recording at 1 hour 47 minutes 21 secondsDallas Kelsey (presenter): The USTA is going to direct specializes. They've already committed, if we can do this, they're going to send tournaments and players our

268. 1:47:26 — open the recording at 1 hour 47 minutes 26 secondsSpeaker 270: direction. It's going to happen.

269. 1:47:28 — open the recording at 1 hour 47 minutes 28 secondsBrandon Sakbun (chair): So just for the board's perspective, Dallas and I have spent a year looking at Ray Park for an indoor tennis facility. We've met with the USTA numerous times. They are, and they've been a wonderful partner. They gave us a grant for the outdoor tennis courts even. And their program is not like easy, easy to get funding, but like easy to work through. The problem for the city, to be quite honest, is our initial investment in just one sport is not quite making sense yet.

270. 1:48:04 — open the recording at 1 hour 48 minutes 4 secondsBrandon Sakbun (chair): However, when the Adam Meyer conversation popped up, when you start talking soccer, baseball, tennis, your barriers to entry for a city with a private developer start to go down, kind of the state farms bundle and stay method there. But the way, I mean, USTA has called on Terre Haute and been very clear that they want us to find an indoor facility. They have put a dollar figure to it. They have sent numerous individuals to work with us.

271. 1:48:34 — open the recording at 1 hour 48 minutes 34 secondsBrandon Sakbun (chair): And so Dallas, I can't thank you enough for sticking with me as long as you have. This conversation makes it a heck of a lot easier because now we're kind of bringing different sports in. So if each player that comes into the conversation can bring their own funding, it makes a CIB ask a lot lower. It makes a county or a city ask a lot lower.

272. 1:48:56 — open the recording at 1 hour 48 minutes 56 secondsBrandon Sakbun (chair): So just continuing to kind of drive that, that phase two, $10 million, for example, I'm looking at that saying, well, is that $10 or is that $9? or 8.9 with the tennis conversation?

273. 1:49:07 — open the recording at 1 hour 49 minutes 7 secondsBrandon Sakbun (chair): And how do we find a way to capital stack and continue to bring those numbers down

274. 1:49:12 — open the recording at 1 hour 49 minutes 12 secondsSpeaker 76: because more players have joined the party?

275. 1:49:15 — open the recording at 1 hour 49 minutes 15 secondsDallas Kelsey (presenter): It does, and that facility serves more than just tennis. It's tennis pickleball and then the overflow that we have for the special events that we've talked about that would come in as well. But, you know, one of the things we talked about, again, is partnering with the school corporation and bringing it. We would like to do kind of what they do with Swim by Five. They bring the kids in, they give them free content, they teach them to, it's a field trip, they teach them to swim. We'd like to do the same thing with tennis and pickleball, and it's very doable.

276. 1:49:42 — open the recording at 1 hour 49 minutes 42 secondsSpeaker 269: But I won't take any more time unless you have questions for me. I'm going to step away and let Adam take back over.

277. 1:49:48 — open the recording at 1 hour 49 minutes 48 secondsBrandon Sakbun (chair): I think, you know, moving forward, what's next, Adam, is I think we continue to get those numbers in from an assessment standpoint, continue to communicate with the external developers. we're probably not going to get towards like a gantt chart with a construction schedule but starting to have conversations of one phase one verse phase two verse phase two alpha would begin and then the funding tied to each of those sub phases and then you know meeting with Chris Eddie myself and now and then probably individual board members I'd like for you to have a conversation

278. 1:50:19 — open the recording at 1 hour 50 minutes 19 secondsBrandon Sakbun (chair): with Karen so she can compare her hotel expectations with yours and then you know

279. 1:50:26 — open the recording at 1 hour 50 minutes 26 secondsBrandon Sakbun (chair): Tony, John, and Emily have done a good job of really keeping us focused of, hey, how can we do a project that appeals to all of our residents in Terre Haute and Bego County,

280. 1:50:36 — open the recording at 1 hour 50 minutes 36 secondsBrandon Sakbun (chair): and I commend them for that. So kind of continuing just to stay on this ball, and I want to be clear that you're not hearing a no today.

281. 1:50:44 — open the recording at 1 hour 50 minutes 44 secondsAdam Meyer (presenter): No, this is beginning conversations with this board, but to answer Chris's question is 18 months of a lot of people putting time, energy, and effort into this.

282. 1:50:55 — open the recording at 1 hour 50 minutes 55 secondsSpeaker 123: From August to September, I would like to go from the 10-yard line to the 5-yard line.

283. 1:51:00 — open the recording at 1 hour 51 minutesBrandon Sakbun (chair): I want to start seeing the external partners, their commitment. I want to start seeing land agreements, a timeline of whether or not we annex, what a potential TIF deal looks like. So I think we've got a lot of work these next four weeks, but it's going to take us from the 10 to the 5-yard line, hopefully the 2-yard line.

284. 1:51:18 — open the recording at 1 hour 51 minutes 18 secondsBrandon Sakbun (chair): And if we get there, we're not going to pass like Russell Wilson did in that Super Bowl.

285. 1:51:22 — open the recording at 1 hour 51 minutes 22 secondsSpeaker 280: You asked to see the map again. Was there a specific question around that?

286. 1:51:25 — open the recording at 1 hour 51 minutes 25 secondsBrandon Sakbun (chair): I wanted to look at the indoor sports facility, and we probably need to look at the dimensions there.

287. 1:51:31 — open the recording at 1 hour 51 minutes 31 secondsAdam Meyer (presenter): Indoor sports facility, I can rattle these numbers in 18 months, is 96,000 square feet.

288. 1:51:36 — open the recording at 1 hour 51 minutes 36 secondsAdam Meyer (presenter): That's 45,000 square feet of tennis space, pickleball space, and then 45,000 square feet of tin batting cages,

289. 1:51:44 — open the recording at 1 hour 51 minutes 44 secondsAdam Meyer (presenter): as well as open turf space that now you can maximize and partner with organizations such as the Boys and Girls Club to run their indoor flag football leagues throughout the year instead of just having to utilize the ballpark in the summertime. So it's a mixed use of indoor hitting facility as well as open turf space that you can run multiple sports, which is why going back to the Vigo County Youth Soccer, the Boys and Girls Clubs and different avenues like that.

290. 1:52:09 — open the recording at 1 hour 52 minutes 9 secondsSpeaker 118: Thank you. Anything else from the board?

291. 1:52:11 — open the recording at 1 hour 52 minutes 11 secondsChris Switzer (commissioner): No, just to finish this out, you know, this board gave $400,000 to the Wallace-Helley Crew for a very specific sport.

292. 1:52:25 — open the recording at 1 hour 52 minutes 25 secondsChris Switzer (commissioner): the river and of course tourism is related all that building out the riverfront developments related to all that but something that touches all of these things i don't see why this board could help in some capacity whether it's your direct ask of 250 000 or 100 000 i think we should

293. 1:52:43 — open the recording at 1 hour 52 minutes 43 secondsSpeaker 242: continue the conversation and and my commitment to you is um i know three or two-fifths but uh

294. 1:52:52 — open the recording at 1 hour 52 minutes 52 secondsAdam Meyer (presenter): anybody that needs an opportunity to sit down and discuss this on an individual

295. 1:52:56 — open the recording at 1 hour 52 minutes 56 secondsSpeaker 249: basis i am more than willing to open up anything and continue this conversation to move it forward

296. 1:53:03 — open the recording at 1 hour 53 minutes 3 secondsSpeaker 287: thank you all right moving on to item 7.1 questions and comments from cib members

297. 1:53:10 — open the recording at 1 hour 53 minutes 10 secondsSpeaker 291: uh if we could back it up moving back to 6.1 midwest sports foundation he's hit the button so

298. 1:53:16 — open the recording at 1 hour 53 minutes 16 secondsSpeaker 292: I didn't want to leave I've been around this town town a long time and I've

299. 1:53:22 — open the recording at 1 hour 53 minutes 22 secondsLarry (board member): heard different projects come and go but this is a great one in my opinion and I just don't want to see the board dragons feel I won't let it ma'am anything from

300. 1:53:35 — open the recording at 1 hour 53 minutes 35 secondsSpeaker 293: you

301. 1:53:37 — open the recording at 1 hour 53 minutes 37 secondsSpeaker 287: thank you guys 7.1 questions and comments from CIB members

302. 1:53:45 — open the recording at 1 hour 53 minutes 45 secondsBrandon Sakbun (chair): hearing none so item 7.2 our next regular board meeting September 23rd 830 we'll do the finance meeting and then 845 we'll do an executive session and

303. 1:53:58 — open the recording at 1 hour 53 minutes 58 secondsBrandon Sakbun (chair): then I will entertain a motion to adjourn

304. 1:54:04 — open the recording at 1 hour 54 minutes 4 secondsSpeaker 298: any all right all in favor

Marked moments above are where the archive's reviewed highlights were drawn from. Everything else on this page is unreviewed.