Correction: A previous version of this story reported RLL secured three lots in Creekside Corporate Park. RLL, according to town officials, intends to purchase the lots but has not done so yet.
Zionsville town officials said Rahal Letterman Lanigan Racing team is awaiting final approval of plans to build a new global headquarters at Creekside Corporate Park in Zionsville. Construction on the project is expected to begin soon, according to town officials.
Town legal counsel Brian Crist made the announcement during the town’s Feb. 22 redevelopment commission meeting.
“Late last week, RLL reached out after we had extended the diligence period several times to accommodate their development process,” Crist said. “We weren’t totally surprised because there were some indications that they were moving in that direction, based on the fact that they had applied for permits before they told us they were ready to move forward.”
The auto racing team announced plans last year to build a 100,000-square-foot global headquarters in the corporate park at the northeast corner of Creek Way and 106th Street. The project is expected to create 73 new jobs by the end of 2024, according to the company. The space RLL intends to purchase in Creekside Corporate Park has an appraised value of approximately $2.93 million, according to town officials. The site is intended to be conveyed to RLL for a purchase price of $10, in exchange for developer’s obligations.
RLL is co-owned by three-time IndyCar champion and 1986 Indianapolis 500 winner Bobby Rahal, former late night TV host and Indiana native David Letterman and Mi-Jack co-owner Mike Lanigan.
Crist said RLL wants to “start rapidly developing the site.”
Sometime in mid-March, the Zionsville Redevelopment Commission plans to hold a special public hearing regarding RLL’s proposed plans. RLL is required to submit project plans to the RDC for review consideration and approval, Crist said.
The public hearing might be part of a regular meeting, town officials said. Either way, the town is required to notify the public at least 10 days in advance through a public notice.
“It’s a very positive development,” Crist said. “After nine months with RLL, we’re moving forward.”