Lucas Oil Stadium is in for a few minor, but noteworthy, upgrades. The Indianapolis Colts recently announced moves to enhance luxury box seating capacity with the addition of two new luxury suites in the upper level of the stadium.
Under the new arrangement, the Capital Improvement Board of Indianapolis will cover up to $2 million of the estimated cost, with the Colts covering anything in excess of this. But it is an investment that will yield a good return, as the extra revenue generated from the luxury suite clients will more than pay for the cost of the suites in the long run.
In addition to the new luxury suites, the Colts will cover the cost of having two new digital billboards installed.
Lucas Oil Stadium was rated the number-1 sports venue in the country by Stadium Journey Magazine in 2012. The planned improvements will only bolster its standing among other NFL venues.
The stadium recently hosted the NCAA tournament games, and was the site of Super Bowl XLVI two seasons ago. The additional luxury box seating adds to the desirability of Lucas Oil Stadium as a venue for future high-profile events. Plans are already in the works to land another Super Bowl.
The stadium has been a welcomed improvement over the RCA Dome, with its classic architectural styling. It fits in very nicely with the styling of older, more established venues like Bankers Life Fieldhouse, Hinkle Fieldhouse, and the Pepsi Coliseum.