Monday, March 17, 2008
CIB Faces Lawsuit Over Sale Of RCA Dome Property
It looks as though someone is as upset as I was to learn that RCA Dome fixtures are being auctioned off to benefit the Colts Foundation and the Indiana Sports Corporation instead of applying those proceeds to the debt which remains unpaid on the RCA Dome, soon to be demolished to make way for an expanded Indiana Convention Center. Attorney Paul Ogden has filed a lawsuit in Marion Superior Court on behalf of Adam Lenkowsky and other taxpayers he hopes to add as part of a class action lawsuit, charging the CIB with breaching its fiduciary duty to the taxpayers and seeking an injunction to prevent the Colts Foundation and the Indiana Sports Corporation from receiving the millions in proceeds from the sale of such things as seats and pieces of the dome and turf from the stadium. You can view a copy of Ogden's lawsuit by clicking here. The lawsuit will be heard in Judge Gary Miller's court.