Lucas Oil Stadium was completed in 2008 and replaced the former RCA Dome as the home of the Indianapolis Colts. The stadium is best-known for its state-of-the-art retractable roof and its large windows that allow for a spectacular view of the downtown Indianapolis skyline. The stadium was built as the home of the Indianapolis Colts, but was built as a multi-purpose facility and has held a number of community events, concerts, and political rallies. The stadium has seven levels, seven locker rooms, twelve meeting rooms, multi-level club lounges and suites, and more backstage space than any other NFL stadium. The stadium has hosted Super Bowl XLVI and the NCAA Men’s Final Four Basketball Championship, among many other national events.
Lucas Oil Stadium was named the 2009 Sports Facility of the
Year by Street and Smith’s Sports Business Journal, and have had their Field turf
surface ranked as the NFL’s best artificial surface in both 2009 and 2010. The
stadium covers approximately 1.8 million square feet and welcomes nearly one
million visitors each year to concerts, national conventions, trade shows, IHSAA tournaments,
and national and local sporting events. There is a pedestrian
connection between the stadium and the expanded Indiana Convention Center.
The stadium complex and the recent expansion of the Indiana
Convention Center was the result of work done by the Indiana Stadium and Convention
Building Authority. The estimated cost of the stadium was $720 million, mostly financed by revenue from the state, county, and city. The Indianapolis Colts provided $100 million while Lucas
Oil Products acquired naming rights at a cost of $122 million over 20 years.
Lucas Oil Stadium is operated by the
Capital Improvement Board of Managers of Marion County (“CIB”). Marion
County created the Capital Improvement Board (CIB) in 1965 with the help of the
Indiana General Assembly. The CIB operates facilities used in cultural,
recreational, and convention activities in downtown Indianapolis. Also, they
are responsible for the ownership of several other sports-related facilities in
downtown Indianapolis, which includes: Bankers Life Fieldhouse, home of the National
Basketball Association’s Indiana Pacers, and Victory Field, where the
International League’s Indianapolis Indians play their Triple A baseball
Lucas purchased naming rights for the stadium after its construction. Lucas spent 20 years building a nationwide long-haul
trucking fleet and also established Lucas Oil Products. The company continues to operate a
plant in Corydon, Indiana but moved to Corona, California in 1986.