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TWG Motorsports confirms Fishers headquarters; council approves related project actions
Summary
TWG Motorsports (formerly Andretti Global) told the Fishers City Council it will base the only U.S. Formula 1 team at a 400,000-square-foot facility under construction in Fishers; the council approved related project steps and a bond-ordinance alignment on first reading and approved the project agreement amendment.
Jill Gregory, newly appointed chief operating officer of TWG Motorsports and president of Andretti Global, told the Fishers City Council that TWG — now the parent company of the Andretti effort — will base the U.S. Formula 1 team in Fishers and operate from the 400,000-square-foot facility currently under construction in the city.
The announcement came during the council’s consideration of an amendment to the project agreement and related bond ordinance previously associated with Andretti Global. Megan Baumgartner, director of community and economic involvement for the City of Fishers, said the amendment updates the project description and names the new sponsoring entity, but does not change the bond size, incentives or the overall financial terms previously approved.
Why it matters: City officials and TWG officials said the facility will bring engineering, technical and media activity to Fishers…
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