- Associated Press - Monday, June 15, 2015

FISHERS, Ind. (AP) - A vote has been delayed on millions of dollars in public incentives for a proposed $76.4 million recreational sports complex in suburban Indianapolis as developers look to finalize financing.

The Fishers City Council had planned to vote Monday on the agreement with Hamilton County-based GK Sports and Entertainment, which is planning to build a 6,000-seat arena, a 245,000-square-foot fieldhouse, a 630-space parking garage, several office buildings, and eventually, a hotel with meeting space, The Indianapolis Star reported (https://indy.st/1GHf5g5 ).

GK Sports co-owner Barry Kiesel said he hopes a private appraisal on the complex will be finished later this week - the final step needed to secure financing for the project at a 20-acre site along Interstate 69.

“Our financing is in place,” Kiesel said. “The underwriter is waiting for the appraisal.”

The council is considering whether to approve a 10-year property tax abatement valued at $2 million, waiving about $1 million in permitting fees and an $805,000 annual payment to lease space for a local youth sports organization to use the fieldhouse.

Mayor Scott Fadness said city officials generally are supportive of the project. Unless serious opposition emerges, he anticipates the incentive package will be approved.

Kiesel said the fieldhouse plans include a baseball training area, 12 basketball courts and a multipurpose space the size of a soccer field.

He said the project location is ideal for a number of reasons, including high local interest in youth sports, easy access off I-69 and plenty of shopping and eating options nearby in the fast-growing northeastern suburb of Indianapolis.

Kiesel said talks are still going on with developmental hockey and soccer teams to play at the arena, which could be converted to accommodate ice hockey, basketball, concerts and other community events.

GK Sports would manage the facility and lease the space, mostly to youth sports leagues. Kiesel said several deals are pending.


Information from: The Indianapolis Star, https://www.indystar.com

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