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Pacers Paid To Stay At Bankers Life Fieldhouse

Indianapolis city officials have approved a deal that will keep the Pacers in Indianapolis for up to 13 more seasons.

In exchange for the Pacers staying put, the city will provide $160 million to cover operating costs and facility upgrades to the nearly 20-year-old Bankers Life Fieldhouse building.

There will be no new taxes to pay for the deal.

City leaders get "right of first refusal” if the heirs of Herb Simon's estate try to sell the team.