|Lucas Oil Stadium|
The pipes were installed by Frank E. Irish, who has gone out of business after filing bankruptcy. Of course, an obvious question has to be asked as to why galvanized pipe is rusting and deteriorating after only two years. Isn't the definition of galvanized pipe, pipe that has been manufactured not to rust or deteriorate quickly? And why didn't inspectors catch problems with the pipes when they were installed?
According to a Channel 13 report, the stadium has been using 7 to 14 million gallons of water a month since last August, seven times the amount that the stadium should be using.
While John Klipsch, executive director of the Indiana Stadium Convention Center Building Authority seemed confident that insurance would pay the claim, I'm not so sure. At the very least, the insurance company may contest paying for the repairs and extra water used because of the leaky pipes.
In the meantime, apparently several events at Lucas Oil Stadium will have to be moved or cancelled. Will the CIB have to pay the Colts for the cancelling or moving these events? Remember the Colts get 50% of the non-Colts game revenue at the stadium. Given Irsays position on concessions, I doubt he will accept losing one dime due to part of the stadium being closed to fix the pipes.
As noted by Indy Tax Dollars, two of these events that are being moved are a wedding and reception, and another is a wedding rehearsal dinner. So you have to wonder what events they're scheduling at Lucas Oil Stadium to justify the expense of the stadium. Once also has to wonder whether the stadium is generating income with these events or whether activities are simply being moved from one venue to another.