Network Indiana/WIBC reports that the group presenting Indianapolis' bid to host the 2011 Super Bowl includes some heavy hitters and well-respected business leaders.
A decision is expected to be announced around 2 p.m. today, says Inside INdiana Business.
Hosting the event would cost the city up to $25 million, with the money to come from private sources. Indianapolis Colts Owner Jim Irsay has pledged $1 million toward the effort.
It is estimated that the Super Bowl would bring about 98,000 visitors to the Circle City and would have a $262 million economic impact. Indianapolis is competing against Dallas and Phoenix.
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