File this under “probably just trying to get publicity, but”: A developer who wants to build a $500 million (!) sports medical complex (!!) on the site of Indianapolis’s old airport terminal says he’s looking to build a 20,000-seat arena or stadium (!!!) as part of the plan. And Athletes Business Network Holdings co-founder Craig Sanders says he’s “having very active discussions with sports organizations outside of Indiana, professional and amateur,” though he wouldn’t say which ones.
Which ones is a huge question, since the Pacers and minor-league baseball Indians already have their own venues, and Sanders says he hasn’t had any talks with the owners of Indy Eleven, who want a new stadium but prefer it to be downtown. That leaves the NHL, maybe, but there’s been no talk of interest in Indianapolis by that league. The WNBA Fever are owned by the Pacers, so now we’re down to things like arena football and futsal, neither of which is going to be enough to anchor an arena. Nor are concerts, frankly, considering the venue would be competing with the Pacers’ Bankers Life Fieldhouse for events.
Still, as someone always on the lookout for outside-the-box ways to finance sports facilities that don’t involve massive public subsidies, “build it as a loss leader for a for-profit medical center” isn’t the craziest idea, quite. The airport board is expected to approve ABN tomorrow as the winning bidder to develop the site, so ball (or puck) is in their court now. They already have renderings!