The Indiana Pacers are getting a new practice facility, and that’s a really big deal. On Wednesday, Pacers Sports & Entertainment (PS&E) presented their plans to build a five-story, 130,000 square-foot facility just east of Bankers Life Fieldhouse. The facility, which will be named the St. Vincent Center, will replace a one-level elevated employee parking lot that takes up the pie-shaped space. The estimated cost is $50 million, and taxpayers won’t contribute a dime as the whole thing will be privately financed.
via Vigilant Sports
Pacers Sports & Entertainment is grateful to the members of the Capital Improvement Board for their affirmative vote that will allow PS&E to re-purpose the pie-shaped parcel of land on the east side of Delaware Street across from Bankers Life Fieldhouse. As previously stated, PS&E plans to build a privately financed building that will house a training facility, offices and space for a major tenant. On Wednesday morning at 10:30 a.m. in the Entry Pavilion of Bankers Life Fieldhouse, PS&E and the tenant will hold a joint press conference, during which details and renderings of the project will be provided.
via NBA.com