IU Health and the City of Fishers have entered into a contractual agreement allowing the health care operation sponsorships of city facilities and events.  This agreement will pay the city more than $7 million over the 15-year life of this pact.

IU Health will gain sponsorships of:

Fishers AgriPark

Fishers Community Center (currently under construction)

Nickel Plate Trail

Spark! Fishers 5K

Fishers Farmers Market   

The contract was officially approved at the Tuesday morning meeting of the Board of Works and Public Safety.  The pact allows IU Health, in exchange for the annual payments, to be the exclusive healthcare sponsor for these facilities and events, and will be designated as the “Official Health and Wellness Partner” tied to those city assets.

In addition, IU Health will be allowed signage, advertising on social media for the city events and activities listed, and the right to provide limited programming and activation at the Community Center.

The city’s payment for the first year of the agreement will be $250,000, increasing each year until it reaches more than $620,000 in year 15.  There are provisions to continue the contract past the 15 year period.

Jake Reardon McSoley, Director of Recreation and Wellness for the city, told board members the first 5 years of this revenue will be utilized to fund the initial operations of the Community Center, but starting in year 6, can be tapped to pay for additional programs.

Below is the payment schedule, as listed in the contract: