Taxpayers to help fund Natatorium improvementsAugust 11th, 2014 at 6:36 pm by Jim Shella under Jim Shella's Political Blog
The effort to restore the Indiana University Natatorium to its past glory got a boost from the the Capital Improvement Board Monday.
The Natatorium needs an overhaul and it is getting $10 million from I.U. and $10 million from the Lilly Endowment for that purpose. Now taxpayers are chipping in $5 million.
The CIB voted to attributed $500,000 every year for 10 years. It is money that will go to a maintenance reserve fund.
“We are in a daily battle with cities all over the country that are chasing our tail,” said Alison Melangton of the Indiana Sports Corporation, the entity that operates the Natatorium.
The Natatorium is the biggest and fastest indoor pool in the country but in the last 5 years 10 to 15 events went elsewhere because of maintenance issues.
“I think it’s very important to have a strong Sports Corporation and that they have what they need to provide a bevy of opportunities within our community that drive significant tax revenue,” said CIB President Ann Lathrop.
The vote on the CIB was 5-to-2 with City County Council President Maggie Lewis and Democrat Doug Brown voting no.
Lewis sais the city is already contributing $10 million, but that’s money that is going to improve streets around the Natatorium.