The IndyCar racing community is bringing a boost to the Central Indiana economy.
Rahal Letterman Lanigan Racing announced plans Wednesday to build a state-of-the-art racing headquarters at the northeast corner of Creek Way and 106th Street in Zionsville, according to a news release.
The move will allow RLL to consolidate its existing IndyCar operations in Brownsburg, as well as its IMSA operations in Ohio.
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The organization is investing $20 million in the project and will break ground in late 2020 on the 100,000-square-foot building that will sit on 13 acres southeast of downtown Zionsville.
The facility will feature automotive research and development, light manufacturing operations and office and event space.
The headquarters plans to be fully functioning by the spring of 2022 and create up to 73 jobs by the end of 2024.
“We are very excited about this project, and excited about being in a park-like setting in Zionsville,” said Rahal Letterman Lanigan Racing co-owner Bobby Rahal in the news release.
“We feel that this building will make a statement about who we are at RLL and what our intentions are about the future. Having our entire organization based in the Indianapolis area, in Zionsville, is going to be a big plus for our organization.”
Rahal said working out of two facilities has been demanding for a company that has four cars in the NTT IndyCar Series and International Motor Sports Association’s WeatherTech SportsCar Championship.
Rahal Letterman Lanigan personnel provided input about the building and design to maximize the new facility with everyone under one roof.
“We have been working on building a race shop for over five years and are now ready to move forward,” said Rahal Letterman Lanigan Racing co-owner Mike Lanigan.
“Having our racing teams under one roof will not only maximize our abilities, it will provide economies of scale to keep the cost down. That savings will enable us to reinvest more back into the company.”
According to the release, the Indiana Economic Development Corporation will offer Rahal Letterman Lanigan Racing up to $1.2 million in conditional tax credits based on the company’s job creation plans and up to $300,000 in conditional tax credits from the Hoosier Business Investment tax credit program based on the company’s planned capital investment in Indiana.
Because the tax credits are performance-based, Rahal Letterman Lanigan Racing cannot claim the incentives until workers have been hired by the company.
“Indiana’s reputation as a leader in motorsports continues to pick up speed with companies like Rahal Letterman Lanigan choosing to invest in our state,” said Indiana Gov. Eric Holcomb.
“We look forward to supporting RLL’s continued growth in Indiana as the company leverages our state’s business-friendly environment and skilled workforce while racing to the checkered flag.”
Chris Sims is a digital sports producer at IndyStar. Follow him on Twitter: @ChrisFSims.
This article originally appeared on Indianapolis Star: Rahal Letterman Lanigan Racing building headquarters in Zionsville, creating up to 73 jobs