Pacers to Get 40 Year Deal - Taxpayers Only Got 10 Year Deal

I'm still getting up to speed, but Mary Milz, WTHR reporter, is telling us that the CIB voted to move forward to ink down a deal with the Pacers' on their proposed $50 M training facility.

Under the deal, the Pacers would get the land east of the Fieldhouse, now used for parking, for $1 a year for forty years, and 240 additional parking spots in the Virginia Street parking garage for free.

Meanwhile, the 2014 Pacers agreement with the CIB only has the team guaranteed to stay in town for 10 years (9 more at this point).

Milz' report includes what appears to be a handout from CIB meeting this afternoon, sketching out the rough terms of the deal.

If the Pacers leave town before the 40 years are up, the CIB may purchase the training facility building for a preset price, or the then-operable market price, whichever is greater.

My first question is, why would the CIB give these terms to the Pacers for 40 years, but only extract a ten year commitment to keep the team?  Sounds like the Pacers are (oh gasp !) getting a better deal than Indy taxpayers once again.

I'll have to wait for the WCTY taping of the meeting to get logged into the archives to hear more.