$550 million project proposed by Indy Eleven includes soccer stadium
INDIANAPOLIS — A soccer team in Indianapolis is proposing a $550 million development project that would include a 20,000-seat outdoor soccer stadium.
The Indianapolis Business Journal reports the project proposed by Indy Eleven comes as the team seeks to join Major League Soccer. The project includes a financing plan that would require action from the City-County Council and the Legislature.
Team owner Ersal Ozdemir says he envisions the development, called Eleven Park, as a “transformational urban project.” Plans include lodging, offices and retail space, public spaces and an underground parking structure. He says they want “to make a major impact, not just a stadium.”
“This is more than a stadium,” said Ozdemir. “It is the opportunity to create a vibrant community that will attract individuals and families from near and far to live, work and play.”
Plans call for the stadium to be ready for the 2022 season opener. It would be surrounded by apartments and office buildings that offer views of the field.
“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,” said Ozdemir.