IAA to answer more questions about medical/sports complex development proposal

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INDIANAPOLIS, Ind., (February 18, 2016) - A proposal for a multi-million dollar project that looks to change the lives of veterans and the athletes is getting a closer look from the community.

On Friday, the Indianapolis Airport Authority was expected to offer a letter of intent to Athletes Business Network to move forward with securing financing for the project, but the IAA announced Thursday evening that it will first provide more information to the community about the project before offering a letter of intent to ABN.

According to the airport authority, ABN wants to develop 132 acres of the old Indianapolis International Airport terminal property to develop a medical and sports campus that is expected to employ 3000 full time employees, provide a much needed face-lift to the old airport terminal site and serve as a global brain health center.

Phase two of the project would be to build a 20,000 seat sports and mixed use venue in 2020 with the idea of attracting a pro sports franchise to re-locate to the area.

“Phase two is out there, but there’s a lot of work to be done a lot of communication with steak holders in the city with all those that would be impacted, so we really stay focused on phase 1 because that’s gonna be the real game changer for the west side of Indianapolis,” said Marsha Stone, Indianapolis Airport Authority.

In a statement on Thursday, Visit Indy said, "In our role to market the city, Visit Indy is interested in learning more about the proposed sports venue at the old airport terminal."

A study would likely be conducted to see if the city could support another pro sports team.

If ABN is offered a letter of intent from the IAA and the firm is approved for financing, construction on phase one could begin next year.