Capital Improvement Board presents 2026 budget; emphasizes security upgrades, sky bridges and diversity spending

The Capital Improvement Board presented its proposed 2026 budget to the Municipal Corporations Committee, framing the work as stewardship of the cityconvention and entertainment infrastructure and outlining capital and security investments ahead of major events, including the 2026 NCAA men's Final Four and the American Society of Association Executives conference.

Why it matters: The CIB operates major downtown venues including the Indiana Convention Center and Lucas Oil Stadium; its budget affects tourism, public-safety planning and capital work on high-use public facilities.

Highlights from the presentation - Financial snapshot: CEO Andy Mallon said 2024 was a record year with total revenues over $238 million and that the CIB budgeted roughly $212 million in revenues for 2026. The CIB proposed $247 million in expenses and a capital plan that included approximately $35 million in capital investments. The board said it expected to end 2025 with unrestricted operating reserves of roughly $239 million. - Security and safety: Mallon said the board engaged Teneo (led by former NYPD…