$87 million soccer stadium proposed for downtown Indianapolis

Soccer is a sport that is immensely popular around the world, but has yet to really take off in the United States. However, as more fans are being created every day, their money is helping create new business.

According to an article from Inside Indiana Business, the Indy Eleven – a professional soccer team from Indianapolis – has drawn up a proposal for a state-funded $87 million stadium. Owner Ersal Ozdemir presented in front of the House Ways and Means Committee to give his reasons why this is needed.

The team was founded in 2013 and played a successful season using Michael Carroll Stadium at the campus of Indiana University-Purdue University Indianapolis as its home stadium. In 2014, they have plans to join the North American Soccer League.

According to Ozdemir, the season ticket demand for the team has been much higher than expected and the limited capacity of Michael Carroll Stadium has forced the team to turn people away.

In his plan, an 18,500-seat sports and entertainment stadium, owned by the Capital Improvement Board, would be built downtown that and could create millions of dollars in income for local businesses. State lawmaker approval for financing through Professional Sports Development Area which would leverage $5 million produced by the district {Fragment}. Ozdemir is also planning on providing 10 percent of ticket revenues from events at the potential new stadium to cover construction costs.

The $87 million price tag is lower than many stadiums being created today. If this gets approval—voting should take place next week—companies in the area would be wise to improve their business management software to make sure they are able to handle any increased traffic.