FISHERS — The Fishers City-Council voted to approve a $550 million economic development that will relocate Indy Fuel from the Indiana Farmer’s Coliseum to Fishers.
The now-approved development includes an 8,500-seat event center. There will also be added restaurants, retail spaces and housing added from the plan.
The development adds to a seemingly ever-growing Fishers district that now includes being the future home of Andretti Autosport.
The growth in Fishers is expected to bring more than 1,000 jobs to the city.
The council also approved a motion to enact a one-percent Food and Beverage Tax with an 8-1 vote with Councilwoman Jocelyn Vare voting against the measure. The tax will go into effect on December 1, 2022. Revenue generated from the tax will go directly toward the debt service payments for the Fishers event center.
The meeting will be streamed on the City of Fishers YouTube page.
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