Rahal Letterman Lanigan building $20M Zionsville HQ
ZIONSVILLE, Ind. (Inside INdiana Business) – Automotive racing organization Rahal Letterman Lanigan Racing, based in Brownsburg and Ohio, is planning to expand its Indiana operations. The organization says it will construct its $20 million global headquarters in Zionsville and create up to 73 new jobs by the end of 2024.
The company says it will build and equip a 100,000-square-foot racing facility, occupying about 13 acres southeast of downtown Zionsville. The facility will allow RLL to consolidate its existing INDYCAR operations in Brownsburg, as well as its IMSA operations in Ohio.
“We are very excited about this project, and excited about being in a park-like setting in Zionsville,” said Bobby Rahal, co-owner of RLL. “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. We have done a great job of having two facilities, as is showcased by our wins in the Rolex 24 at Daytona and the Indianapolis 500 this season, but it is certainly demanding having people in two places. We have had time to really look at the building and design every aspect with input from our personnel to maximize the space.”
The new building will feature office and event space as well as automotive R&D and light manufacturing operations. The company says it expects to break ground in late 2020 and be fully operational by Spring 2022.
“Our efforts to seek the right fit for Creekside Corporate Park have proven successful with Rahal Letterman Lanigan Racing expanding to Zionsville and choosing Creekside Corporate Park for their corporate headquarters,” said Zionsville Mayor Emily Styron. “RLL fits in well with the local culture and business environment and I know their team will love being part of this community.”
The Indiana Economic Development Corp. will offer RLL up to $1.2 million in conditional tax credits and up to $300,000 in conditional tax credits from the Hoosier Business Investment tax credit program.
“We have been working on building a race shop for over five years and are now ready to move forward,” said Mike Lanigan, co-owner of RLL. “I am personally very excited and honored to be working with the town of Zionsville. I used to live in the area years ago and look forward to our team integrating ourselves into the community and their various programs. 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.”
RLL is co-owned by three-time INDYCAR champion and 1986 Indianapolis 500 winner Bobby Rahal, former CBS Late Show host David Letterman, and Mi-Jack co-owner Mike Lanigan.