Lawmakers Pass Bill For New Soccer Stadium

Posted: Updated:
(rendering courtesy of Indy Eleven) (rendering courtesy of Indy Eleven)

A bill that helps provide funding for a new soccer stadium in Indianapolis is heading to Governor Eric Holcomb's desk. Senate Bill 7 creates a professional sports development area, which would capture taxes to help fund the facility. The stadium would serve as the home of the Indy Eleven soccer team and is part of the proposed $550 million Eleven Park project, plans for which were first announced in January. 

The Indy Eleven released a statement following the final 44-4 vote from the Indiana Senate.

With Senate Bill 7 now headed to the Governor’s desk, we are ready to kick off a new era for Indy Eleven professional soccer and the world’s most popular sport in Indiana – with no new taxes and no appropriations from city or state governments.

This is the latest step in the legislative process. With the Governor’s signature, we can continue along the path to fully capturing this one-in-a-generation opportunity to secure the future of the world’s game in our capital city.

The new stadium would be owned by the Capital Improvement Board in Indianapolis and leased by the Indy Eleven, which would cover all operating expenses and overrun costs. The entire Eleven Park project also includes proposed apartment, retail and office space, as well as a 200-room boutique hotel, however SB 7 only provides funding for the stadium.

The bill also provides a large portion of funding for the previously-announced $300 million in upgrades to Bankers Life Fieldhouse, as well as improvements to the Indiana Convention Center. A previous version of the bill also included funding for two new hotels in downtown Indianapolis, however that provision was removed by the House Ways and Means Committee.

Indianapolis Mayor Joe Hogsett provided a statement after the Senate vote Tuesday:

I want to applaud this afternoon's concurrence on Senate Bill 7, but I also want to applaud the way this legislation was crafted -- through state-local collaboration, without a tax or fee increase, and with broad bipartisan support.

I offer my personal thanks to legislative leaders in the house and senate for their collective work to craft a bill that protects Hoosier taxpayers and preserves this key economic engine for the next generation of Indiana residents. I look forward to continued conversations with state and local leaders about how we can fully realize the Capital Improvement Board's 25-year vision for these critical assets.

The bill now awaits Governor Holcomb's signature.

  • Perspectives

    • Ahh…Yes! Turning a Hot Mess into a Cool Breeze

      "Problems cannot be solved by the level of thinking that created them," is attributed to Einstein over 75 years ago. This still holds true, particularly in challenging communications. Many people address conflict at the level it was created by rehashing and building more evidence for their ‘side’ of an argument. Repeating a position tends to intensify the separation of people.



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


  • Most Popular Stories

    • Bob Stutz

      New Role For Salesforce Exec

      After three years on the job, Salesforce Marketing Cloud Chief Executive Officer Bob Stutz is moving into a new role. Stutz, who will remain in Indianapolis, is now executive vice president of strategic partners at Salesforce (NYSE: CRM).  Since arriving in Indianapolis, Stutz has overseen the establishment of the company’s regional headquarters in downtown Indianapolis, which included the Salesforce name being placed atop the state’s tallest building.

    • Purdue Global Now Offers Analytics Degree

      The U.S. Bureau of Labor Statistics reports that jobs in the field of data analysis are projected to grow 26 percent over the next ten years. Acting upon that data, Indianapolis-based Purdue University Global has launched a new Bachelor of Science degree program in analytics. 

    • Aasif Bade (pictured left) is president and Patrick Chittenden (pictured right) is executive vice president of Ambrose Property Group.

      Waterside Developer: City Has 'Violated Our Rights'

      The chief executive officer of Indianapolis-based Ambrose Property Group says the firm is preparing for litigation regarding the future of the former GM Stamping Plant site. In a response to a letter from the city of Indianapolis this week, Aasif Bade says the city's continued threat of acquiring the site of the $1.4 billion Waterside redevelopment project through eminent domain "has violated our rights and is harming the community by putting Waterside in a state...

    • (photo courtesy of the Center for the Performing Arts)

      Center for the Performing Arts Launches Naming Campaign

      The Center for the Performing Arts in Carmel is looking for its first-ever corporate naming partner. The nonprofit, which is approaching its 10th anniversary, says it hopes to find a partner with a “shared vision of advancing the arts and educational programming, unifying the community and extending the center’s impact.” The campaign to find a partner follows a strategic planning process, which involved an independent analysis from Chicago-based sponsorship...

    • Red Star announced plans to expand and add 18 jobs.

      Larwill Medical Device Maker to Expand, Add Jobs

      A Whitley County-based medical device maker has announced plans to expand its facility in Larwill which should mean new jobs. Red Star Contract Manufacturing Inc. says it will invest $1.6 million in real estate improvements and additional equipment and will create 18 new jobs by 2022.