USL's Indy Eleven Plans To Build Multimillion Dollar Development
The USL Indy Eleven plans to "build a multimillion dollar mixed use development called 'Eleven Park' with a 20,000 seat" stadium as its centerpiece, according to a front-page piece by Mack & Briggs of the INDIANAPOLIS STAR. The new real estate district would also include "retail space, public space, offices, a parking structure and apartments." Officials "aim to open" the MLS-ready stadium in time for the '22 season. Development 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 that the "possible location of the development will be announced at a later date." They added that the current scope of the project includes about $400M in "private investment" and $150M "related to the stadium, public plazas and infrastructure to be financed through a public-private partnership." Indy Eleven is "dependent on the state legislature, as well as the City-County Council, for help in making its stadium dream a reality" (INDIANAPOLIS STAR, 1/11). Indy Eleven Owner Ersal Ozdemir said that the stadium design "allows for future expansion if the team’s fan base continues to grow or if MLS increases its minimum stadium capacity, which currently is 20,000" (IBJ.com, 1/10).