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Andretti plans new $200m HQ in Indiana

NEWS STORY
23/08/2022

Andretti Global, which encompasses Andretti Autosport and the planned F1 team, has announced the construction of a new $200m HQ in Indiana.

The team intends to build a 575,000 square-foot facility that will occupy approximately 90-acres alongside the up-and-coming Nickel Plate Trail, the Ritchey Woods Nature Preserve and near the Indianapolis Metropolitan Airport. The new global headquarters would add up to 500 jobs to the local community by early 2026.

"Indiana holds an important place in the history of racing, and in my career as a driver and an owner," said CEO, Michael Andretti. "I'm happy to confirm that the Racing Capital of the World will continue to be the home of our global racing efforts for a long time to come. We're excited about our plans for the new campus and looking forward to becoming a part of the Fishers community.

"Over the past 20 years, I've worked to expand our operations and I'm proud of our steps to create a diverse racing portfolio. Our current facility has served us well. Our team has expanded in both competition and commercial areas and our people deserve the best environment and resources available. I'm excited to have so many of our teams under one roof as we continue to build and grow. For us, it's about more than just having somewhere to work on the cars; it's about having a global motorsport home and sharing that with our people, our fans and our sponsors to advance the sport and leave a lasting legacy."

The $200 million facility is planned to serve as the headquarters of Andretti's global commercial functions and the base of operations for the team's current NTT IndyCar, Indy Lights and IMSA programs and other future racing initiatives. In addition to housing day-to-day operations for the racing team, the building will be home to the advanced research and development of Andretti Technologies. The collaborative campus will feature modern technologies and create a work-life environment for the benefit of the team, fans and partners.

"Indiana has long been the racing capital of the world," said Indiana Governor Eric J. Holcomb, "and Andretti Autosport's commitment to growth here will only further cement our state's leadership position in Motorsports and STEM related pursuits. This new campus will not only bring new, exciting employment opportunities and serve as an asset for one of our fastest growing communities but will also show just how much this living legacy, one of the most globally iconic brands known, continues to invest in the future of our great state."

"I am excited to celebrate this legendary racing family of entrepreneurs in their competitive quest to innovate in the global racing industry," added Indiana Secretary of Commerce Brad Chambers. "Indiana continues to demonstrate leadership in this sector as well as its position as a premier destination for automotive, speed and mobility-focused industries."

The new campus will give Andretti Global the opportunity to welcome the community and race fans from around the world through involvement with the Fishers Parks Nature First program, planned indoor amphitheatre and a museum and innovation centre that will preserve and showcase the Andretti legacy and inspire the future of motorsports.

"Beyond being the base of operations and nerve centre for our global teams, we're building a destination where everyone can feel like part of the Andretti family," said Andretti Autosport Vice President, Marissa Andretti. "We are looking forward to our new headquarters serving as a gathering place for our team members and the community. Our employees are the heart of our business and our most valuable asset. It's important to us that we create an engaging, campus culture and environment where we feel we can have longevity in our careers. Racing can be more than a job; it's a way of life, and we're working to build a sense of community beyond the workplace."

Planning is underway on the new facility, with construction expected to begin in late 2022, pending all relevant approvals. The building is projected to be operational by 2025.

"Partnering with Andretti to bring an incredible mix of innovation, visitor experiences and a commitment to the local community is a dream come true for this special property at the Indianapolis Metropolitan Airport," said Fishers Mayor, Scott Fadness. "Fishers will be a welcomed home for the future of Andretti, and I look forward to celebrating their successes together."

While Andretti hopes to be on the F1 grid in 2024 and claims to have agreed an engine deal with Renault, reaction from F1, the FIA and a number of teams, most notably Mercedes, has been cool, to say the least, with F1 bosses understood to seeking a manufacturer-based outfit.

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READERS COMMENTS

 

1. Posted by Spindoctor, 24/08/2022 11:00

"Gotta love that parochial line about Indiana as the "Racing Capital of the World" -on par with a "World Series" competed for by two nations....
That conceit aside, I wish them well in their endeavours and would be pleased to see them compete in F1."

Rating: Positive (2)     Rate comment: Positive | NegativeReport this comment

2. Posted by alvarezh3, 24/08/2022 0:31

"@Fambank

FYI, the ESPN crew that transmits F1 for the Spanish speaking countries in Latin America are two from Argentina, and one each from Colombia and Mexico. They refer Silverstone as being "La Cathedral de Formula Uno" or "The Cathedral of Formula One".
I believe they call it a "cathedral" because they consider it the most important racetrack in Formula One by virtue of it being the venue where the first formula one race took place after WW2, that marked the beginning of the "modern" Formula One."

Rating: Positive (1)     Rate comment: Positive | NegativeReport this comment

3. Posted by Superbird70, 23/08/2022 18:51

"Well, they do run a race or two in Indianapolis. Not so much in Woking.

"

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4. Posted by alvarezh3, 23/08/2022 18:41

"@ Fambank

From wikipedia:

"Mario Andretti and his twin brother Aldo were born to Alvise Andretti, a farm administrator, and his wife, Rina, in Montona, Istria (now Motovun, Croatia). Istria was then part of the Kingdom of Italy. Therefore, he is an Italian.

Mario is presently also a naturalized citizen of the United States of America.

Yet, in the United States of America, they refer him as being an "American driver". I must assume that in the U.S. of A. being born in a country from parents also born in that country is less important than being a naturalized citizen, specially if your achievements elevates the country that allows you to be its naturalized citizen.

I'll take the opportunity to clarify certain facts:

The demonym for a person born in the United States of America is "American". The demonym for a person born in the American (North, South, Central, no matter) Continent is also "American".

In the U.S.of A. you are asked if you are an "American" as if it ONLY applies to those born in that country, which is wrong. A Jamaican, a Peruvian or a Canadian is as much an "American" as anyone born in the U.S. of A. for they are citizens of countries in the American continent.

Sometimes in the U.S. of A. they ask you if you are a U.S. citizen (meaning to imply a citizen of the U.S. of A.). If you are speaking using the English language, anyone from Mexico is also a U.S. citizen, for their oficial country name, translated into English from Spanish, is as follows:

United States of Mexico (estados unidos Mexicanos). Therefore, a Mexican is as much a U.S. citizen (if speaking in English) as that person born in the United States of America.

So, the Indianapolis Motor Speedway is called by the citizens of the U.S. of A. the "Racing Capital of the World", while it may, or may not be necessarily true, it just conveniently glorifies the venue!"

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5. Posted by Bill Hopgood, 23/08/2022 18:31

"Excluding PU development, Sauber, Haas, Alfa Tauri and Ferrari have the majority of their team based outside of the UK area and as a result sometimes struggle to attract staff compared to the other teams.

The best example of how not to set up a new team that I can think of is when Toyota based themselves in Cologne, where they had their WRC team.

On paper it may have made sense however with back then 80% of teams based in the same area of the UK as well as many 3rd party suppliers, it made things harder than necessary.

If Andretti base their new F1 division in the, er, "world capital of motorsport", in the USA, then history may repeat for another new team.

Then again, the article doesn't really say that Andretti's F1 team will be based at their new factory.

IndyCar is their big thing and what they are mostly known for and Chip Ganassi Racing has their workshops in Indiana."

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6. Posted by Superbird70, 23/08/2022 17:56

"No mention of a wind tunnel, but they have nice patio umbrellas in the photo."

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7. Posted by Fambank, 23/08/2022 17:01

""maybe they know something we don't"
@Endre
@alvarezh3

Its "Indiana has long been the racing capital of the world"

I always thought that that was in the UK, around Silverstone, with a lot of F1 teams in a 40 mile radius,
and countless other motorsport companies and suppliers.

Little did we know, it's in Indiana USA."

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8. Posted by Defiant, 23/08/2022 16:43

"@Rambler, just an FYI, Ferrari hadn't been a part of FCA for a good few years, they separated (officially anyway) and now, FCA is no longer an active business. They merged with PSA a year or two ago to create a new company called Stellantis.
They have Abarth, Alfa Romeo, Chrysler, Citroen, Dodge, DS, Fiat, Jeep, Lancia, Maserati, Opel, Peugeot, Ram and Vauxhall.
I still, and always will, hate that team in red.

"

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9. Posted by Endre, 23/08/2022 15:29

"Considering the contract signed with Renault, Alpine could have a strong argument on behalf of Andretti. All manufacturers have a B team (or customer team) so surely they should be allowed to have one. Not sure what the others could say to that. "

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10. Posted by rambler, 23/08/2022 14:37

"Ferrari is part of the Fiat Chrysler Automobiles, who among others also own, Alfa Romeo and Lancia. An American team could be formed under the Chrysler brand with Ferrari engines? "

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11. Posted by ancient70!, 23/08/2022 10:27

"So F1 is now a closed shop cartel? The only worthwhile contribution big name carmakers (Ferrari don't count they do not make grandma shop mobiles or pickup trucks) have made is when Ford sponsored the DFV. My experience with the big names and F1, with a few exceptions, is they come in, jack up the costs astronomically and then the CFO gets the sniffles and they are out like a scalded cat. I agree with Max, it will be fascinating to see how much of the development cost gets buried pre formal entry."

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12. Posted by rambler, 23/08/2022 5:34

"More teams in F1, more cars on the track! On circuits where there is barely room to pass. The 'race' reduced to a multi car pile up at the start then a parade of advertising hoardings travelling at 100mph. Speed will be limited by the sponsors to maximise the advertisement viewing time. Or may be a special car for F1 city circuits, for example Smart for one, Renault Zwizzy and Citroen Ami.
Liberty is caught in a game of profit and loss, more teams = more money in, but, more money out. To maximise profit which teams would increase attendance/viewing figures and profits. which teams are aren't making them money? A team that nobody likes or isn't making Liberty money e.g. Williams could well be pushed out to be replaced by one seen as more with more news and profit potential. "

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13. Posted by Max Noble, 23/08/2022 4:00

"Going to be fascinating to see how this plays out… Mercedes are just posturing for more money… just like the “Good Old Days” when Ferrari got lots of extra $$ simply for turning up! Would be fascinated to also see how much of the first year’s engineering effort was covered pre-entry, and thus, not in the first year cost cap… :-)"

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14. Posted by kenji, 23/08/2022 0:22

"I would like to see Andretti get a place on the grid....Mercedes, who have been exceptionally vocal about this, are simply trying to avoid another competitor. Andretti certainly have the 'chops' to make a go of it. I don't see any negatives ATPIT. If HAAS can get a gig then surely Andretti can top them?"

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15. Posted by alvarezh3, 22/08/2022 20:24

"Penske owns by far the most successful and probably the oldest active USA car racing company. Aside from that, if you go to wikipedia you can illustrate yourself on the many multi million companies that Roger owns, and although Michal owns other companies besides his racing team, Penske's assets and investments clearly opaque the Andrettis's fortune, yet he doesn't have such an opulent building for his racing team.

Team Penske's maim building is located in Mooresville, North Carolina, which is a basic rectangular building. The team most likely has other buildings in or around the Indianapolis Race Track (which he recently purchased).

Who knows, is he (Michael) trying to impress some investors or bankers?

\_(ツ)_/

Or as Endre points out: "maybe they know something we don't""

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