CHICAGO - Six months after a high-profile grand opening, Indianapolis' $750 million Lucas Oil Stadium - the new home for the National Football League's Colts - is already operating in the red, officials said this week.

The stadium is expected to fall $20 million short of projections this year, according to officials at the Indianapolis Capital Improvement Board, which runs the city's sports venues and convention center. The Lucas Oil Stadium's shortfall is part of a larger deficit facing the CIB. The board said it expects a $25 million deficit in 2009 and a $45 million in 2010.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.