WEBVTT 1 00:00:00.000 --> 00:00:04.270 >>GERRY: HELLO AND WELCOME TO INSIDE INDIANA BUSINESS. I'M GERRY DICK. AS INDY ELEVEN SEEKS TO JOIN 2 00:00:04.270 --> 00:00:09.909 MAJOR LEAGUE SOCCER, IT'S ALSO RENEWED PLANS FOR A NEW SOCCER STADIUM. THE $550 MILLION ELEVEN PARK 3 00:00:09.909 --> 00:00:16.516 PROPOSAL CALLS FOR "TRANSFORMATIONAL" NEIGHBORHOOD PROJECT WITH A PUBLIC PLAZA, OFFICE, RETAIL, APARTMENTS AND 4 00:00:16.516 --> 00:00:23.156 HOTEL ALL ANCHORED BY A 20,000-SEAT SOCCER STADIUM. FOR MORE ON WHY INDY ELEVEN LEADERSHIP BELIEVES THE PROPOSAL 5 00:00:23.156 --> 00:00:34.000 HAS LEGS, LET'S TALK WITH TEAM OWNER ERSAL OZDEMIR AND NEW CEO GREG STREMLAW. GENTLEMEN WELCOME TO THE 6 00:00:34.000 --> 00:00:39.806 PROGRAM. >>: THANKS FOR HAVING US. >>: NEWS BREAKING ON THE SHOW AND LATE IN THE WEEK. 7 00:00:39.806 --> 00:00:47.013 EXPANDING YOUR OWNERSHIP GROUP. YOU'VE BEEN A SOLE OWNER. ADDING SEVEN NAMES TO THE GROUP FROM ALL OVER THE STATE FORT 8 00:00:47.013 --> 00:00:52.452 WAYNE EVANSVILLE CENTRAL INDIANA. WHAT'S THAT ALL ABOUT? >>: OUR LOGO IS SOCCER IS A 9 00:00:52.452 --> 00:01:02.862 WORLD GAME AND WE ARE INDIANA'S TEAM AND WE WANTED TO MAKE SURE WE WOULD BRING AN OWNERSHIP GROUP TO THE STATE AND ALL THESE 10 00:01:02.862 --> 00:01:10.270 FOLKS LIVE AND WORK IN INDIANA AND THEY CARE ABOUT THE STATE AND THEY WILL HELP US TO CONTINUE TO BUILD THE BRAND 11 00:01:10.270 --> 00:01:17.977 AROUND THE STATE. >>: BRIAN BOWERS THE PRESIDENT OF IU HEALTH, CHRIS TAYLOR FROM TRAILER CAPITAL AND EVANSVILLE, 12 00:01:17.977 --> 00:01:28.354 AND JUST A FEW OF THOSE NAMES. I MENTIONED THIS PROJECT, BIG PROJECT $550 MILLION IN TOTAL. 150 MILLION FOR THE STADIUM, 13 00:01:28.354 --> 00:01:37.163 400 MILLION PRIVATE DEVELOPMENT. WHERE DO THINGS STAND? >>: THERE IS LEGISLATION AND THE REQUEST THIS TIME IS 14 00:01:37.163 --> 00:01:45.271 COMPLETELY DIFFERENT THAN WHAT WE DID THREE YEARS AGO. WE HAD A HOUSE BILL PASSED IN 2015 AS WELL AS A SENATE BILL, 15 00:01:45.271 --> 00:01:51.778 DIFFERENT BILLS. WE KNEW THERE WAS A SUPPORT BECAUSE INDIANAPOLIS IS A SPORTS TOWN AND SOCCER IS A WORLD'S 16 00:01:51.778 --> 00:02:01.955 GAME HAS BEEN GROWING, BUT WE ALSO HEARD THAT THE TAXPAYERS ARE TIRED OF JUST BUILDING PUBLICLY OWNED FINANCED OPERATED 17 00:02:01.955 --> 00:02:08.361 STADIUMS SO THIS TIME WE CAME BACK COMPLETELY DIFFERENT PROPOSAL. A PROJECT CALLED 11 PARK. 18 00:02:08.361 --> 00:02:13.900 IT IS A NEIGHBORHOOD TRANSFORMATIONAL PROJECT. THE STADIUM IS A SMALLER COMPONENT OF THE WHOLE PROJECT 19 00:02:13.900 --> 00:02:21.941 WHICH WILL TAKE A PART OF A TOWN MULTIPLE SITES AROUND THE CITY CONSIDERED THAT CURRENTLY DOESN'T GENERATE TAXES OF ANY 20 00:02:21.941 --> 00:02:30.783 SORT. NO JOBS, NO PROPERTY TAXES AND WE WILL PRIVATELY GO DEVELOP INVEST AND BUILD THE HOTEL, 21 00:02:30.783 --> 00:02:38.791 APARTMENTS AND RETAIL AND OFFICE BUILDINGS. OUR REQUEST IS THAT ENABLING LEGISLATION BY THE STATE 22 00:02:38.791 --> 00:02:46.199 LEGISLATOR TO ENABLE TO WORK WITH THE CITY IN THE NEXT TWO YEARS WITH THE RIGHT SITE AND ENABLE INPUT AND USING THE 23 00:02:46.199 --> 00:02:54.541 FUTURE OF SOME OF THE FUTURE TAXES WE WILL GENERATE FROM PRIVATE DEVELOPMENT TO BUILD A PUBLICLY OWNED STADIUM AS WELL 24 00:02:54.541 --> 00:03:01.581 AS IT WILL BE PUBLICLY BID, BUILT. WE WON'T BE INVOLVED IN THAT PART OF THE PROJECT GOING 25 00:03:01.581 --> 00:03:08.187 FORWARD. >>: ALL RIGHT, YOU ARE COMING TO INDIANA FROM CANADA. CBC SPORTS IN CANADA. 26 00:03:08.187 --> 00:03:13.059 THIS PROJECT ATTRACTED YOU. >>: ABSOLUTELY. IT'S THE TIME AND GREAT OWNERSHIP. 27 00:03:13.059 --> 00:03:20.266 IT'S FRAUGHT WITH OPPORTUNITY AND WILL BE AN INCREDIBLE LEGACY FACILITY AND AS I SAID OFF-CAMERA I'M A LITTLE BIAS BUT 28 00:03:20.266 --> 00:03:26.773 ONE OF THE ITEMS WITHIN THE OVERALL DEVELOPMENT BUT EXCITED FOR THE TEAM AND THE LONG-TERM SUSTAINABILITY FOR INDY ELEVEN. 29 00:03:26.773 --> 00:03:33.780 >>: YOU HAVE A MAJOR BACKGROUND IN SPORTS IN CANADA AND BEYOND. AS YOU LOOK AT THIS PROPOSAL USE THE OPPORTUNITY. 30 00:03:33.780 --> 00:03:39.619 >>: IT'S EXTREMELY UNIQUE AND THE FACT IS NOT RELIANT ON TAXPAYERS TO REALLY DO WHICH IN SO MANY OTHER COMMUNITIES HAS 31 00:03:39.619 --> 00:03:46.192 BEEN AND THAT'S A DIFFERENCE MAKER FOR IT. I THINK IT WILL BE ATTRACTIVE TO INDIANAPOLIS ON THE STATE. 32 00:03:46.192 --> 00:03:52.365 >>: THE LEGISLATION THAT WAS SUBMITTED, YOU MENTIONED WILL CREATE A SPORTS DEVELOPMENT DISTRICT FOR THAT PROJECT. 33 00:03:52.365 --> 00:03:59.038 AS YOU LOOK AT SITES ONE OF THE SITE PUBLICLY TALKED ABOUT WAS THE OLD BROAD RIPPLE HIGH SCHOOL IN THE VILLAGE. 34 00:03:59.038 --> 00:04:07.547 THERE ARE OTHER SITES AS WELL. GIVE US YOUR TAKE RIGHT NOW ON THE POTENTIAL FOR LOCATIONS. >>: OBVIOUSLY WE WILL BE 35 00:04:07.547 --> 00:04:12.385 INVESTING 550 MILLION-DOLLAR PROJECT. WE NEED TO MAKE SURE WE ARE GOING TO THE AREAS THAT WILL BE 36 00:04:12.385 --> 00:04:18.358 SUSTAINABLE, ABLE TO DEVELOP THIS PRIVATELY. FINANCE A BALL. BELIEVE IT SHOULD BE 37 00:04:18.358 --> 00:04:22.762 INDIANAPOLIS. WE HAVE REQUEST FROM OUTSIDE INDIANAPOLIS AS WELL. BUT THE DECISION WHERE IT WILL 38 00:04:22.762 --> 00:04:30.803 BE WILL HAVE TO GO WITH THE LOCAL GOVERNMENT, CITY AND CONSULT LEADERS TO DECIDE. TECHNICALLY IF WE HAVE TWO YEARS 39 00:04:30.803 --> 00:04:38.244 TO FIGURE THIS OUT. WE WANT TO GO TO PLACES THAT THE NEIGHBORHOOD WANTS US. WE WANT TO BE AND PLACES WE WILL 40 00:04:38.244 --> 00:04:43.950 MAKE A MAJOR NEIGHBORHOOD TRANSFORMATIONAL DIFFERENCE AND THIS WILL BE AN ACRE FOR THE AREA TO BECOME BIGGER AND 41 00:04:43.950 --> 00:04:52.325 BETTER. STUDIES DONE WHICH BUILT THE BRAVES AND BATTERY PARK, THE CHAMBER OF COMMERCE DID A STUDY 42 00:04:52.325 --> 00:04:57.697 RECENTLY SHOWING THAT RESIDENTIAL VALUES WENT UP 50 PERCENT, COMMERCIAL VALUES 20-50 PERCENT. 43 00:04:57.697 --> 00:05:04.137 WE BELIEVE WE WILL HAVE A MAJOR IMPACT. BUT WE WILL HAVE THOSE DISCUSSIONS IN THE UPCOMING 44 00:05:04.137 --> 00:05:05.538 MONTHS IN PUBLIC. >>: VERY GOOD.