1. (a) A commission may establish a professional sports development area in the city designated as the "northwest Indiana professional sports development area".

2. (b) The commission may establish as part of the professional sports development area any facility or complex of facilities that is:

   1. (1) used to hold a professional sporting event, including a stadium, and which in addition, may be used to hold other entertainment events, including any publicly owned parking, including any public parking garages, plaza, or infrastructure that is constructed or renovated in connection with the construction of the facility used to hold a professional sporting event;
   2. (2) used in the training of a team engaged in professional sporting events; and

   3. (3) used in whole or in part to manage and operate the professional team that would participate in the facility used to hold a professional sporting event.

      The tax area shall include any facility described in this subsection and any parcel of land on which the facility is located. An area may contain noncontiguous tracts of land within the city.

3. (c) Only the facilities described in subsection (b) that are included within the professional sports development area may be financed with debt issued by the board, the authority, or a political subdivision.

As added by P.L.44-2026, SEC.26.