• Loading stock data...
Saturday, June 22, 2024

Andretti to Build $200M Racing HQ in Indiana

  • The project will be a 575,00 square-foot facility across 90 acres.
  • Andretti Global hopes to have the facility operational by 2025.
Andretti Autosport

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.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Mar 10, 2024; St. Petersburg, Florida, USA; Indycar driver Josef Newgarden (middle) celebrates winning the Grand Prix of St. Petersburg. Indycar driver Patricio O'Ward (left) celebrates winning second and Indycar driver Scott McLaughlin (right) celebrates winning third.

The Highest-Paid IndyCar Drivers

Marcus Ericsson earns $3.1 million to lead the way as the highest-paid IndyCar driver.
Christian Horner, Team Principal of Oracle Red Bull Racing, speaks at the Red Bull Fan Zone, a private event at Oracle headquarters, on Wednesday October 18, 2023.

The Highest-Paid Formula 1 Team Principals

Christian Horner is the highest-paid Formula One team principal, earning $8 million annually.
Sponsored

How HOKA is Reimagining the NIL Relationship

HOKA, the renowned athletic footwear and apparel brand, is betting on a new reality with NIL.
podcast thumbnail mobile
Front Office Sports Today

How Women’s Sports Media is Charting Its Own Path

0:00

Featured Today

Jan 3, 2022; Pittsburgh, Pennsylvania, USA; General view of the NFL shield logo signage before the Pittsburgh Steelers host the Cleveland Browns at Heinz Field.

Odds Stacked Against NFL in Multibillion-Dollar Sunday Ticket Trial

Why the class action trial does not look promising for the league.
Jan 7, 2024; San Francisco, California, USA; Toronto Raptors forward Jontay Porter (11) takes a three-point shot against the Golden State Warriors during the second half at Chase Center.
June 9, 2024

‘Bound to Happen’: The Age of the Sports Betting Scandal Has Arrived

A banishment, betting scheme, and guilty plea all in one scandal-filled span.
June 8, 2024

‘Experimental in Nature’: The Rapid, Confounding Rise of Streaming Bundles

Here’s why confusion continues to outweigh solutions in the streaming package boom.
June 2, 2024

The Nostalgia Market: Michael Jordan’s Memorabilia Remains Coveted, With Caveats

Due to scarcity, and sometimes, items’ undisclosed whereabouts, this world has limitations.

Arizona Cancels Auction For Land Coyotes Owner Sought For New Team

The Coyotes’ hopes for a revival in Arizona took another hit Friday.
June 21, 2024

Argentina, Canada Players Blast Atlanta’s ‘Hollow’ Temporary Grass at Copa

The shoddy sod replaced the turf used by NFL and MLS teams.
June 21, 2024

Swimming at SoFi: Organizers Shake Up ’28 L.A. Olympics

The Los Angeles Olympics are jumping into the deep end.
Sponsored

How HOKA is Reimagining the NIL Relationship

HOKA, the renowned athletic footwear and apparel brand, is betting on a new reality with NIL.
June 20, 2024

Border War Intensifies: Kansas Makes Swift Move to Lure Chiefs and Royals

A bipartisan supermajority of Kansas legislators approve bonding for new stadiums for the Chiefs and Royals.
June 19, 2024

Copa América’s Temporary Grass Sparks World Cup Stadium Debate

Six stadiums installed temporary natural grass fields.
June 19, 2024

Negotiations Over Native American Imagery Continue to Stall RFK Stadium Bill

The stadium bill remains delayed in the Senate after passing the House. 
Swimming Trials at Lucas Oil Stadium
June 17, 2024

How an NFL Stadium Turned Into a Record-Setting Swimming Venue

The Colts’ venue is hosting Olympic trials.