spot_img
spot_img
Monday, September 26, 2022
spot_img
spot_img

Andretti Global Announces Plans for Massive $200m HQ Build

 

Andretti Global will be built in Fishers, Indiana
Andretti Global will set its base of operations in Fishers, Indiana. Image courtesy of Andretti Autosport

https://shop.biggreenegg.com/

Andretti Global, the parent company of Andretti Autosport, has announced plans for its future home of its universal motorsports headquarters to be built in Fishers, Indiana.

The team intends to build a 575,000 square-foot facility, which will occupy approximately 90-acres alongside the up-and-coming Nickel Plate Trail, the Ritchey Woods Nature Preserve and near the Indianapolis Metropolitan Airport. The new base of global operations would deliver 500 jobs to the local community by early 2026.

The plan is for the $200 million facility to serve as the headquarters of Andretti’s global commercial functions and the base of operations for the team’s current NTT IndyCar Series, Indy Lights and IMSA programs, along with other future racing initiatives. In addition to housing day-to-day operations for the racing team, the building will be home to the advanced research and development of Andretti Technologies. The collaborative campus will feature modern technologies and create a work-life environment for the benefit of our team, fans and partners.

While planning for the new facility is already underway, construction is expected to begin in the fall of 2022, pending all relevant approvals. The building is expected to be operational by 2025.

Pending approval of the Indiana Economic Development Corporation (IEDC) board of directors, the IEDC will commit an investment in Andretti Autosport of up to $19 million in the form of conditional tax credits and up to $125,000 in training grants based on the company’s plans to invest in its Indiana operations. The city of Fishers has approved additional incentives.

“Indiana holds an important place in the history of racing, and in my career as a driver and an owner; I’m happy to confirm that the Racing Capital of the World will continue to be the home of our global racing efforts for a long time to come,” said Andretti Global Chairman and CEO Michael Andretti. “We’re excited about our plans for the new campus and looking forward to becoming a part of the Fishers community.

“Over the past 20 years, I’ve worked to expand our operations and I’m proud of our steps to create a diverse racing portfolio. Our current facility has served us well. Our team has expanded in both competition and commercial areas and our people deserve the best environment and resources available. I’m excited to have so many of our teams under one roof as we continue to build and grow. For us, it’s about more than just having somewhere to work on the cars; it’s about having a global motorsport home and sharing that with our people, our fans and our sponsors to advance the sport and leave a lasting legacy.”

Eric J. Holcomb, Governor of Indiana, added, “Indiana has long been the racing capital of the world, and Andretti Autosport’s commitment to growth here will only further cement our state’s leadership position in Motorsports and STEM related pursuits. This new campus will not only bring new, exciting employment opportunities and serve as an asset for one of our fastest growing communities but will also show just how much this living legacy, one of the most globally iconic brands known, continues to invest in the future of our great state.”

The new campus will provide Andretti Global the opportunity to welcome the community and race fans from around the world through involvement with the Fishers Parks Nature First program, with a planned indoor amphitheater, museum and innovation center “that will preserve and showcase the Andretti legacy and inspire the future of motorsports.”

Scott Fadness, Mayor of Fishers, said, “Partnering with Andretti to bring an incredible mix of innovation, visitor experiences and a commitment to the local community is a dream come true for this special property at the Indianapolis Metropolitan Airport. Fishers will be a welcomed home for the future of Andretti, and I look forward to celebrating their successes together.”

Related Articles

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

spot_img

Stay Connected

7,865FansLike
3,216FollowersFollow
1,600SubscribersSubscribe

Latest Articles

spot_img