Andretti Global, the parent company of Andretti Autosport, has announced plans to build a new $200 million global racing headquarters in Fishers, Indiana.
“For us, it’s about more than just having somewhere to work on the cars,” said CEO Michael Andretti. “It’s about having the global motorsport home and sharing that with our people, our fans, and our sponsors to advance the sport and leave a lasting legacy.”
- The project will be a 575,00 square-foot facility across 90 acres.
- It is pending approval from the Indiana Economic Development Corporation board.
- Andretti Global hopes to have the facility operational by 2025.
- By 2026, it could add up to 500 jobs to the local community.
Costs of building the new facility will be partly subsidized by the IEDC, which plans to invest up to $19 million in Andretti Autosport through conditional tax credits once the project is approved.
‘Racing Capital of the World’
Andretti Global joins McLaren Racing as motorsport giants building facilities in Indiana — “the racing capital of the world.”
In May, McLaren Racing announced it will build a $25 million IndyCar facility in Indiana. The 97,000-square-foot facility will be operational within the next two years.
“We want to have a bigger North American platform than our competitors in Formula 1,” McLaren Racing CEO Zak Brown told Front Office Sports.
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