Language contained in a City Council Action Form amending the project agreement between the City of Fishers and Andretti Global says it all.  “…the scope of the Project has changed, and Andretti will not construct its corporate headquarters or museum on the project site. Rather, a F1 Team will locate to the project site, and the development will focus on the type of commercial development necessary to locate the F1 Team on the Site.”

The ‘project site” is the under-construction facility at the local airport, just north of 96th Street.  That complex had original plans to be the Andretti headquarters for the many racing series where Andretti competes, along with a restaurant and museum.  I appears that will not happen.  This will make way for a very different development, but one that has many possibilities for growing the high-tech industries in Fishers.

Reporter Danial Bradley wrote an extensive piece in the most recent edition of the Indianapolis Business Journal, pointing out the opportunities now available to Fishers as a result of Andretti’s decision to locate the new Formula One team at the Fishers facility.

Mayor Scott Fadness is quoted in Mr. Bradley’s story emphasizing the potential for growth in local high-tech firms because F1 uses advanced technology more than any other auto racing series.

You can read Daniel Bradley’s story at this link.     (You will likely need an IBJ subscription to access this story)

The changes in the economic development agreement with Fishers to reflect these changes will be before the Fishers City Council Monday night.