The IU Board of Trustees approved plans for a $110 million multi-sport arena in downtown Indianapolis.
The 134,500-sqft facility will be built on part of a 7-acre green space at the northwest corner of Blackford and Wabash streets.
It will be home to the IU Indianapolis men’s and women’s basketball + women’s volleyball programs. Plus, the Indianapolis-based USA Track & Field will move its headquarters to the new building.
The arena will include a basketball/volleyball court with seating for 4,500 spectators, as well as an auxiliary gymnasium, multiple community spaces, locker rooms, a training room, and a weight room.
The project will be funded by $89.5 million in state appropriations, which were approved during the Indiana General Assembly’s 2023 budget session. The remaining $21 million will be covered by IU Indianapolis-specific funds allocated by the board.
The project is set to go before both the Indiana Commission for Higher Education and the State Budget Committee in the coming months. The arena is anticipated to open in fall 2026.
