TWG Motorsports confirms Fishers headquarters; council approves related project actions

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 and serve as the U.S. base for Cadillac Formula 1. TWG representatives said the team received final approval to join the Formula 1 grid in 2026 and will be the only U.S.-based F1 team. Council action tonight advanced the required municipal approvals to align the city’s records with the updated project agreement.

Key details: Gregory described interior redesign work to convert an earlier concept for IndyCar and sports-car operations into a facility configured for Formula 1 operations. She said sustainability and adherence to FIA (Fédération Internationale de l'Automobile) sustainability protocols for Formula 1 teams will be part of the project as TWG completes interior design work. She also said TWG is early in planning for potential community partnerships for workforce and school engagement, drawing on international examples (including the Silverstone community in the U.K.).

City finance and legal context: Bradford (City Controller) and staff told the council that the Andretti bond ordinance amendment is technical in nature — it aligns ordinance language and subsidiary names with the updated project agreement and does not alter the previously approved bond amount or the financial structure. At an earlier presentation, staff explained that the bond instruments tied to the project are developer-purchased bonds, meaning the developer, not the city, is expected to bear debt-service risk tied to incremental tax revenues from the project.

Council action: The council considered the ordinance amendment and related project agreement changes and voted to approve the item on the agenda (motion by John; second by Todd). The council also took first-reading action earlier in the meeting on a separate bond ordinance for the Union Crossing project. Staff said second-reading and other procedural steps remain for some outstanding items before final ordinance adoption.

Community questions and commitments: Council members and residents asked about environmental standards, preservation of nearby open space (including proximity to the Nickel Plate Trail and the Ritchie Preserve), airport access, and community accessibility accommodations. TWG representatives said they welcome meetings with local accessibility committees and plan to meet FIA sustainability standards. Council and staff said further neighborhood briefings and required approvals will continue as the project proceeds.

What’s next: City staff said some actions (including approvals by other entities or subsequent readings) will be required before final ordinance adoption. TWG said the Formula 1 team’s competitive debut is planned for 2026. The council’s vote tonight advanced the project agreement alignment and related municipal procedural steps.