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Commission approves amendment reflecting TWG Motorsports Formula 1 headquarters at Fishers site
Summary
The Redevelopment Commission approved a third amendment to the project's underwriting agreement to update the project description after ownership changes; staff said the site will house a Formula 1 headquarters and be operational for the 2026 season.
The Fishers Redevelopment Commission approved a third amendment to the Andretti project agreement to reflect that TWG Motorsports (TWG) will take the lead on a Formula 1 headquarters at the Fishers site.
A staff presenter said the amendment updates the project description to reflect that Andretti is now part of TWG Motorsports and that TWG will operate a Formula 1 facility in Fishers. The presenter described the change as increasing local investment and moving the planned facility to operate as a Formula 1…
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