Lease keeps Indianapolis Indians at Victory Field for at least 20 more years
INDIANAPOLIS, Ind. (Oct. 12, 2015)– Victory Field will be home for the Indianapolis Indians for at least another 20 years.
The Indianapolis Capital Improvement Board (CIB) approved the contract unanimously late Monday afternoon.
The initial lease was signed in 1996 and was set to expire in 2016.
The Indians will pay no rent on the ballpark and will collect all revenue from games. Victory Field was paid off completely in June, and full ownership now belongs to White River State Park.
After setting an attendance record this season, the board agreed the Indians were a good partner for the city.
“I just look to the past to sort of give you an indication of the future. They just had over 660,000 people come to the ballpark this last year which was wonderful for downtown and it’s a great family tradition,” said CIB Executive Director Barney Levengood. “It’s still a deal where the Indians operate it, they maintain it, and virtually you’ll see not much different if at all.”