Fuel Owners Plan $40M Sports, Entertainment Complex

Posted: Updated:

The owners of the Indy Fuel hockey team have announced plans for a sports and family entertainment complex in Greenwood. Indiana Ice Arenas LLC, owned by Jim and Sean Hallett, is teaming up with Indianapolis-based Gershman Partners to develop the more than $40 million property, which the developers say will include one of the largest facilities of its kind in the U.S.

The development would cover 60 acres along Interstate 65 and will be comprised of two components. The first is the $25 million, 175,000 square-foot Greenwood Sportsplex. The facility will include two ice rinks, two turf fields with the ability to be converted into two additional ice rinks, five basketball courts with the ability to be converted into 10 volleyball courts, a fitness and training facility, pro shop, locker rooms and food service facilities. 

The second component includes entertainment, dining and hospitality developments. The city says Gershman Partners plans to invest $15 million into that portion of the development and already has initial agreements in place with Xscape Theatres and Main Event Entertainment to serve as anchors.

The development also includes space for additional dining, retail and entertainment, as well as a 200-room hotel and convenience store.

"The initial phase of this development would bring nearly 300,000 square feet of sports and entertainment facilities to Greenwood," said Greenwood Mayor Mark Myers. "The project creates a focus for youth sports in the Midwest and positions our city to host a variety of regional and national events. It also provides a unique recreational opportunity for residents of Greenwood and surrounding areas."

Both Indiana Ice Arenas and Gershman Partners have signed letters of intent with the city and are requesting incentives for the project. The Greenwood Redevelopment Commission will consider the incentives, which include up to $3.7 million for construction of site improvements, up to $1.8 million for off-site infrastructure improvements and a reimbursement of up to $3 million for capital improvements which would be paid out over 10 years.

The RDC plans to vote on the incentives during its July 11 meeting. The project has support from RDC President Brent Tilson.

"This is a special opportunity for Greenwood," said Tilson. "The value to our city is immediate and will only increase over time. We’re confident this will spur accelerated development in both the immediate and surrounding areas."

The developers stated in their letters of intent they hope to have definitive agreements in place by the end of August.

The project follows previous plans by the Halletts to develop a $20 million iceplex in Greenwood, which were ultimately scrapped after the city pulled the tax abatement offered to the developers. The Greenwood Sportsplex will feature many of the same amenities as the proposed iceplex.

  • Perspectives

    • EQ Can Take You Past The Limits of Your IQ

      While the concept of emotional intelligence isn't new, it's been gaining traction in today's business world. When employers talk about the importance of "soft skills" and traits such as resilience and empathy, they're actually describing components of emotional intelligence. Why is it important to understand our emotional intelligence?



Company Name:
Confirm Email:
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections


  • Most Popular Stories

    • Three Startups Growing in Fishers

      Three Fishers-based startups have announced growth plans. The city says VendorJump, Ultimate Automation and Sales Tuners, all of which have roots at Launch Fishers, have committed to investing a total of nearly $2 million and adding more than 80 jobs by 2021.

    • Ash Brokerage to Make Acquisition

      Fort Wayne-based Ash Brokerage Corp. has announced plans to acquire Zenith Marketing Group in New Jersey. Financial terms of the acquisition were not disclosed, however the insurance brokerage firm says Zenith will continue operating under the same name and keep its 55 employees.

    • NH Firm Acquires Bitwise Solutions

      A Carmel-based web design and development firm is under new ownership. Bitwise Solutions Inc., which was founded in central Indiana more than 25 years ago, has been acquired by New Hampshire-based SilverTech Inc. Financial terms of the deal were not disclosed. SilverTech says it will retain the current Bitwise Solutions staff, including former owners Ron Brumbarger and Scott Workman, who will continue in key leadership roles. The company says the growth of...

    • Republic Airways Reorganization Nearly Complete

      Indianapolis-based Republic Airways Holdings Inc. (Nasdaq: RJET) says it expects to emerge from Chapter 11 reorganization before the end of the month. A judge of the U.S. Bankruptcy Court for the Southern District of New York has approved the company's plan of reorganization.

    • West Baden to Host Free Flight Competition

      The Academy of Model Aeronautics has announced that West Baden will play host to the 2018 FAI F1D World Championship for Indoor Model Aircraft. The free flight competition will be held in the atrium of the West Baden Springs Hotel.