Shop for Indianapolis Colts gear at

Lawsuit Filed Over RCA Dome Auction

RCA Dome 

A law firm is suing the organization in charge of managing the RCA Dome over how proceeds of a memorabelia auction are being distributed.  Roberts and Bishop law firm of Indianapolis wants money generated from the auction of dome seats and turf to pay down existing debt.  Attorney Paul Ogden says good intentions do not qualify as a reason to violate the law.  The non-profit Indiana Sports Corporation and the Indianapolis Colts Foundation have been slated to split the proceeds. 

The Marion County Capital Improvement Board has breached its fiduciary responsibility in the agreement, according to the suit.  Ogden says a public dialogue is needed to determine the best course of action.  Hundreds of thousands of dollars could be raised by auctioning large stadium items and selling others.  The outstanding RCA Dome debt has been folded into debt for the new Lucas Oil Stadium.  The lawsuit asks for an immediate injunction requiring profits to paid into the Clerk of the Court until a decision on the case is made.

Enjoyed this post?
Subscribe to Colts Gab via RSS Feed or E-mail and receive daily news updates from us!

Submit to Digg  Stumble This Story  Share on Twitter  Post on Facebook  Post on MySpace  Add to  Bark It Up  Submit to Reddit  Fave on Technorati

One Response to “Lawsuit Filed Over RCA Dome Auction”

  1. JOEL says:

    As a season ticket holder, I agree with the lawsuit. If the Dome still has not been paid off then it’s like selling your house and not paying off the mortgage.
    What the auction is trying to do is what many used car dealers try and do. Pay off your existing car loan by paying the loan forward on a new car with even larger car payments.

Leave a Reply