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NCAA, city haggle over final four rental deal: officials say delay not tied to CIB's financial problems.

Publication: Indianapolis Business Journal
Publication Date: 21-SEP-09 		Format: Online
Delivery: Immediate Online Access
Full Article Title: NCAA, city haggle over final four rental deal: officials say delay not tied to CIB's financial problems.(Capital Improvement Board)(Indiana Sports Corp.)

Article Excerpt
A little more than six months before the 2010 NCAA men's Final Four is set to tip off at Lucas Oil Stadium, the NCAA has not yet finalized a rental deal for the facility.

While officials for the NCAA and Local Organizing Committee, the group charged with operating the event in Indianapolis, downplay any problems, sports business experts say it is unusual not to have an agreement pinned down in the months leading up to the event.

Part of the ongoing discussions center on how much, if anything, the NCAA will pay to play its marquee event at Lucas Oil Stadium.

Bob Grand, president of the city's Capital Improvement Board, which oversees Lucas Oil Stadium and the Indiana Convention Center, insisted the negotiations are not tied to CIB's fiscal woes, adding, "The rent will be negotiated and the 2010 Final Four will be here. I'm going to find the money to put the NCAA there."

It's coming down to crunch time to get a deal done.

"Certainly, you'd expect the deal for an event this size to be signed further than six months out," said Mark Rosentraub, a sports management professor at the...

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