Home Soccer News Indy Eleven pitches ‘Eleven Park’ mixed use stadium development

Indy Eleven pitches ‘Eleven Park’ mixed use stadium development

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Apartments and offices and retail space to pedestrian plaza and stadium, this is what the proposed $550 million development project could include.
Provided by Indy Eleven, Indianapolis Star

Nearly a year after Indy Eleven announced that they would play their 2018 season at Lucas Oil Stadium, team officials are once again making plans for a permanent home in Indianapolis.

On Thursday, the team announced its plans to build a multimillion dollar mixed use development called “Eleven Park” with a 20,000 seat Indy Eleven stadium as its centerpiece.

The new real estate district would also include retail space, public space, offices, a parking structure and apartments.

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Officials aim to open the stadium in time for 2022 season opener. 

“This is more than a stadium,” Ersal Ozdemir, CEO of Keystone Group and owner of Indy Eleven, said in a statement. “It is the opportunity to create a vibrant community that will attract individuals and families from near and far to live, work and play.

Rendering of the proposed Indy Eleven stadium (Photo: Indy Eleven)

“We believe that the Eleven Park development will improve quality of place in Indianapolis by creating an entirely new neighborhood that will help attract and retain quality workers and families.”

The development would have a significant footprint in the city. Plans call for 600 apartments, more than 100,000 square feet of retail space, 150,000 square feet of office space and a 200-room boutique hotel.

Officials said the possible location of the development will be announced at a later date.

Team officials also announced plans to work with state legislators to provide a mechanism for the development group, the city of Indianapolis and the Capital Improvement Board to help finance the stadium.

Officials said the current scope of the project includes approximately $400 million in private investment and approximately $150 million related to the stadium, public plazas and infrastructure to be financed through a public-private partnership.

“Eleven Park is not asking for a penny in appropriations from the city or state governments and instead we would work to create this stadium as a community asset using a public private partnership,” Ozdemir said in a statement.

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run for mayor of Indianapolis, told IndyStar he thinks there’s a “good chance” an Indy Eleven bill could get through the Statehouse this year.

“I support it,” Merritt said of a new stadium for Indy Eleven.

According to a statement from CIB President Melina Kennedy, the joint agreement to use the field at Lucas Oil Stadium for home soccer games will continue for the 2019 season.

That partnership can be reevaluated annually as the CIB works to support the team in its efforts.

“The CIB applauds Indy Eleven for looking ahead to future needs and taking a developer-led approach to protect taxpayers and support their vision to integrate the sports experience into the overall community development efforts for the state,” Kennedy said in the statement. “The CIB generally supports the Eleven Park concept as a creative, developer-backed initiative and will look forward to future discussions with Indy Eleven about how best to integrate this work into the CIB’s long-term vision.”

Call IndyStar reporter Justin L. Mack at 317-444-6138. Follow him on Twitter: @justinlmack

Call IndyStar reporter James Briggs at 317-444-6307. Follow him on Twitter: @JamesEBriggs.

 

Read or Share this story: https://www.indystar.com/story/news/2019/01/10/indy-eleven-pitches-eleven-park-mixed-use-stadium-development/2534791002/

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