New Pacers practice facility approved by CIB

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INDIANAPOLIS, Ind. (Nov. 9, 2015) – The Pacers are on track to have a new practice facility in downtown Indianapolis, near Bankers Life Fieldhouse. Monday, the Capital Improvement Board unanimously approved plans to move forward with repurposing the land where a parking lot currently stands along Virginia Avenue.

The CIB owns the multi-story building, and the Pacers will use the third floor as their practice facility. St. Vincent Hospital will also use the top floor of the building for a cardiology medical clinic.

“Using the space the new practice and training facility will enable to repurpose large areas of Bankers Life Fieldhouse for a greater and more public use,” said Bill Benner, the Pacers’ Senior Vice President for Corporate, Community and Public Communications.

Neither the Board or taxpayers will pay for the facility. The Pacers are footing the $50 million bill.

“The Board approved the deal, there was a resolution to do so, and now we have to get signatures and move on, and have the groundbreaking and then in two, three years we’ll have a full facility,” said Barney Levengood of the Capital Improvement Board.

The groundbreaking is expected to begin as early as next month, and the facility is slated to be completed in 2017.