Lucas Oil wins naming right for new Indianapolis stadium

| 3/2/2006

Lucas Oil Products, a California-based company with strong ties to Indiana, has won the naming rights for a new stadium in downtown Indianapolis.

Beginning with the 2008 season, Lucas Oil Stadium will be home to the Indianapolis Colts, the NCAA men’s and women’s Final Four tournaments and other major sports events.

Forrest Lucas, president and CEO of Lucas Oil Products, confirmed in a press release that the deal is valued at $122 million over 20 years. The new Lucas Oil Stadium replaces the RCA Dome, which has been home to the Colts since the team’s arrival in Indianapolis in 1984.

“Lucas Oil will be a great partner for us,” said Jim Irsay, owner and CEO of the Indianapolis Colts, in a press release. “Their enthusiasm about Indianapolis and Indiana and the Colts is incredible and their financial commitment will help us keep the best coaches and players on our field and winning for our fans.”

Lucas Oil Stadium will be a three-deck, seven-level multiuse building with a retractable roof that will seat 63,000 people for football and 70,000 or more people for NCAA basketball, concerts and other special events. The stadium is being built on a downtown site bounded on the north by South Street, on the east by Capitol Avenue, on the south by McCarty Street and on the west by Missouri Street. The stadium is scheduled to be open for the Colts 2008 season.

Forrest Lucas and his wife, Charlotte, are both Indiana natives. Although the company moved to Corona, CA, in 1986, Lucas Oil Products – whose product line includes oils, grease and problem-solving additives – continues to operate a plant in Corydon, IN.