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The Indianapolis arena was named Conseco Fieldhouse when it opened in 1999. CNO Financial Group renamed the building Bankers Life in 2011. Those naming rights expired in 2019.
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The first phase of renovations to Bankers Life Fieldhouse stayed on schedule despite some disruptions caused by the COVID-19 pandemic.
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Carmel-based CNO Financial Group announced last year it wasn't renewing the naming-rights contract that it held since the arena opened as Conseco Fieldhouse in 1999.
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The relocation is being forced by a multi-year project to renovate and upgrade Bankers Life Fieldhouse.
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Gov. Eric Holcomb's office says he signed the bill Monday setting up financing plans for renovation of the Indiana Pacers' arena and construction of a new soccer stadium.
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The deal includes no new taxes or fees, which Indianapolis officials say was a priority for the city.
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The Pacers and CNO Financial Group announced Tuesday that the company will not renew its naming-rights contract after it expires.
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Indianapolis hosted the game in 1985 at the Hoosier Dome and set an NBA attendance record with more than 43,000 fans in the seats.