INDIANAPOLIS — Andretti Global, the parent company of Andretti Autosport, has chosen Fishers, Indiana, to be the future home of its universal motorsports headquarters.
The team intends to build a 575,000 square-foot facility that 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 global headquarters would add up to 500 jobs to the local community by early 2026.
The $200 million facility is planned 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 and 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 new campus will give Andretti Global the opportunity to welcome the community and race fans from around the world through involvement with the Fishers Parks Nature First program, planned indoor amphitheater and a museum and innovation center that will preserve and showcase the Andretti legacy and inspire the future of motorsports.
Planning is underway on the new facility, with construction expected to begin in the fall of 2022, pending all relevant approvals. The building is projected to be operational by 2025.
“Indiana holds an important place in the history of racing, and in my career as a driver and an owner,” Michael Andretti, chairman and CEO of Andretti Global said. “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. 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,” Andretti continued. “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.”
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.