New 8,500-seat arena for Indy Fuel part of $550M Fishers District expansion plan
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A rendering of the upper deck of the new event center at Fishers District. (image courtesy of the city of Fishers)
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A rendering of the VIP area of the new event center at Fishers District. (image courtesy of the city of Fishers)
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A rendering of the south view of the Fishers District expansion, including the planned event center. (image courtesy of the city of Fishers)
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A rendering of the north view of the Fishers District expansion. (image courtesy of the city of Fishers)
The Indy Fuel minor league hockey team plans to be the anchor tenant of a new event center and expanded entertainment district in Fishers, the city announced Wednesday.
The Fuel, an affiliate of the NHL’s Chicago Blackhawks, could begin playing games at an 8,500-seat arena at Fishers District as soon as the 2024-25 season if plans come to fruition.
The event center is part of a larger $550 million expansion plan for Fishers District. The development is planned east of Interstate 69 between East 106th and East 116th streets and southeast of Ikea.
The Fuel’s home arena has been the Indiana Farmers Coliseum at the Indiana State Fairgrounds since the franchise began play in 2014-15.
“The new facility will allow us to host more fans, create unique experiences for families and groups, and offer additional dining and entertainment options for an enhanced gameday experience,” Indy Fuel owner Jim Hallett said in written remarks.
Hallett Sports and Entertainment would manage the event center and provide day-to-day operational and booking management. The team currently uses the Fuel Tank—a hockey and skating facility at 9022 E. 126th St. in Fishers—for team practice and residential facilities.
Indianapolis-based Thompson Thrift Development LLC is the master developer of Fishers District. The expansion project is expected to also include new retail, restaurant, entertainment and residential options.
Along with the Fuel, the event center would host sporting, theatrical and entertainment events.
Fishers District expansion plans also includes:
- Slate at Fishers District, a previously announced $63 million multifamily and garden home community;
- The Union, which is expected to include about 250 luxury apartments, 60,000 square feet of retail and restaurants, 150 hotel rooms and up to 80,000 square feet of Class A office space; and
- The Commons, which would feature the event center and dining, retail and entertainment options.
Mayor Scott Fadness called the Fishers District expansion announcement “a monumental day for our city.”
“This announcement to expand the District into even more neighborhoods is exciting news from an entertainment perspective, but also because of the economic development to come,” Fadness said in written remarks. “This expansion not only answers the call from CEOs and employees looking for restaurants and entertainment but can now be home to our schools’ graduations and statewide sporting events.”
The Fishers District expansion is part of $1.1 billion in economic development and entertainment projects recently announced by the city.
Financing and rezoning plans for the event center will be introduced at the Fishers City Council meeting on Sept. 19. The council will also vote on economic development agreements for headquarters for Indianapolis-based Andretti Global and for a subsidiary of Italy-based Stevanato Group.
Andretti Autosport announced plans on Aug. 22 for a $200 million global headquarters. The team plans to move to the new Fishers headquarters in early 2025.
The autosports giant envisions a 575,000-square-foot facility on 90 acres on the southeast quadrant of the Indianapolis Metropolitan Airport property near East 96th Street and Hague Road. The land is near the Nickel Plate Trail and Ritchey Woods Nature Preserve.
Stevanato Group will present a proposal to the city council to update its previously announced plans for a 370,000-square-foot facility in the Fishers Life Science and Innovation Park. The company plans to invest $512 million in the project with a plan to hire 515 employees by 2031.
Stevanato Group in March entered into an agreement with the Biomedical Advanced Research and Development Authority that will expand its planned manufacturing capacity in Fishers. The company will use the facility to produce vials to be used for current and future vaccine needs.
The Stevanato facility is expected to open in early 2024.
Thompson Thrift began construction on the original Fishers District in 2018, with the help of city incentives. It began master-planning the $110 million project, originally called The Yard at Fishers District, in 2015. More than 20 houses were acquired and torn down to make way for the development.
The 18-acre property south of 116th Street just east of Interstate 69 in Fishers was sold to JVM Realty Corp. last year for an undisclosed amount.
The sale included The Mark at Fishers District apartments and 105,000 square feet of fully leased retail and restaurant space in multiple buildings. The acquisition did not include the HC Tavern or the dual-branded, six-story, 145-room Hyatt Place/Hyatt House hotel.
Editor’s Note: A previous version of this story incorrectly listed the cost of the project at $650 million.