Commission approves amendment to reflect TWG Motorsports, confirms Fishers Formula 1 facility plans

The Fishers City Redevelopment Commission approved a third amendment to the underwriting/project agreement to reflect that Andretti is now part of TWG Motorsports and that the Fishers site will operate as a Formula 1 facility under the TWG umbrella.

Commissioners discussed that the original project description referenced Andretti headquarters and a museum, but ownership and the project plan changed when Andretti became part of TWG Motorsports. A staff member identified only as Jennifer said the project will now be a Formula 1 headquarters and that the project description required updating to reflect TWG as the entity moving the project forward. Jennifer said the change increases planned investment in the city.

A speaker on the record said the Fishers site will be one of 12 international Formula 1 headquarters and that interior renovations have been required to accommodate the Formula 1 team’s operational needs. Meeks (Barnes & Thornburg) noted the facility must be operational for the 2026 season for the team to compete, indicating a target operational timeline tied to Formula 1’s regulatory schedule. The transcript records that commissioners approved the third-amendment agreement after a motion and second; the vote was recorded as carried.

The amendment updates project descriptions and the entity responsible for project implementation; it does not, in the transcript, include dollar amounts or additional contractual obligations beyond the name/ownership changes and the expectation of increased investment and upcoming construction activity.

Commissioners did not record detailed roll-call votes or identify the motion’s mover and seconder in the transcript. No public comment on this item was recorded.