In a move that is sure to cause controversy, the National Hockey League is moving to Indianapolis to be its home for the foreseeable future.
It’s a move the league said it will make in order to make it financially viable for the league to play in the city.
And now, a group of architects and developers is trying to figure out how to fund a stadium that could house up to 20,000 people.
They’re also wondering if there’s a way to avoid the expense of construction.
That’s not easy for a lot of people, said Bill Fischler, the chief architect for the Indianapolis Sports and Convention Center, a major sports complex.
They just need a financial model that allows them to pay down the debt they already have, he said.
Fischlers team, the Indiana Sports Facilities Authority, is looking to raise about $1.3 billion in private financing to build a new $300 million indoor sports arena and a new 3,000-seat arena, as well as a hotel and convention center that could be part of the project.
The idea is that if the team is a new team, that money can be used to help pay down debt, and the money can also help build a convention center and stadium.
If it’s a team that has already won a Stanley Cup, then it’s the other way around.
The NFL is in need of financing, but there’s also a financial incentive to get the arena built, Fischers team’s executive director, Steve Loh, said.
And in this case, the NHL doesn’t need the money to play.
The league is already operating in the state of Indiana.
If they’re not in the same league, then there’s an additional incentive for them to come here and play, said Loh.
The Indianapolis Colts, who play in Foxborough, Mass., play in their home stadium, Lucas Oil Stadium, which was built in 1979.
Indianapolis is a small market and the league’s decision to move there is the most likely scenario, Loh said.
Indianapolis Mayor Greg Ballard said in a statement the team will be welcomed in the community and will help the city in its efforts to become a better place.
The team also said it intends to create jobs and bring in revenue.
The move will be difficult for Indianapolis’ struggling city.
The Colts have had to contend with an influx of high-tech companies and people.
A team that will play in Indianapolis would require a lot more investment than a team in a smaller market.
“It’s not a question of if they’re going to play, but when,” Ballard said.
The NHL’s move to Indianapolis comes as a result of a new agreement with the U.S. Conference of Mayors that gives the league and its owners a 20 percent stake in a new sports and entertainment venue, the Wells Fargo Center.
That deal is part of an effort by the NHL and other major sports leagues to build stadiums and arenas for future teams.
The owners of the teams that are in the NBA, MLB and NHL are also involved in the process.
The leagues’ teams in Indianapolis and St. Louis have played in their cities in recent years.
The NBA is also planning a new arena that will be in the downtown area, but it is expected to be built elsewhere in the metro area.
The deal also gives the NHL the right to bring its teams to the state in the future.
The new agreement has been met with criticism from Indianapolis residents.
The group Citizens for a Better Future, a nonprofit group, has filed a lawsuit in federal court challenging the deal and arguing the deal has the potential to harm the city’s reputation.
That lawsuit is still pending, but Loh and other team officials have said the team intends to stay in Indianapolis.
“I’m confident the league will stand up for its citizens,” said Lofstrom, the general counsel for the team.
“We have an obligation to our citizens to provide them with the best possible venue.”
The Indianapolis Arena has been under construction since 2008 and will be completed in the 2020s.
The city is expected be home to a $300-million convention center, hotel and hotel tower, a $1 billion convention center to be used as a temporary home for a new NHL team and other development.
The center will house the NBA’s Indiana Pacers, the NFL’s New York Jets and the NCAA’s Final Four.
In addition, it will host the University of Indianapolis football team for home games.
In its statement, the Indianapolis Arena said it would remain open for business.
It also said there are plans for an NBA basketball arena, which the league announced this week will open in 2019.
The arena’s current owner, the General Electric Company, is also working on a $450 million convention center project.
It is expected that work will start this summer, and construction could begin in 2020.
The project is a joint venture between the city of Indianapolis and the University Center of Indianapolis