The Wigwam gym was the second largest high school gym in the country until it closed down.
Investors in Wigwam Entertainment and Sports pulled out of the deal at the 11th hour, leaving the fate of the historic arena uncertain.
Indianapolis-area legislators are holding hearings to evaluate possible improvements for mass transit.
The bill was proposed following the high-profile deaths of two Anderson K-9s last summer after a shootout involving police and suspects.
The Wigwam was the second largest high school gym in the country until it was closed due to high costs.