The three-phase, $360 million renovation of Bankers Life Fieldhouse is transforming nearly every corner of the 21-year-old downtown Indianapolis arena. The first major milestone in the project—a complete overhaul of the event level—has introduced a suite of new premium experiences for fans of the NBA’s Indiana Pacers.

While future phases will open the seating bowl to the concourse, upgrade fan seating and dining options, and reimagine the entrance pavilion, the initial focus has been on redefining premium hospitality. Previously home to just one premium club, the arena now boasts three distinct lower-level premium clubs designed to elevate the game-day experience.

“We are bringing different spaces up to alignment with current NBA standards,” says Adam Stover, senior principal at Populous, the architecture firm leading the project. “A full rework of the event level occurred. We were able to lift the practice court up a level and reclaim that real estate, which was critical to the redesign.”

This strategic move unlocked valuable space and laid the foundation for a more modern, fan-centric environment that aligns with the evolving expectations of today’s sports audiences.

The three-phase Bankers Life Fieldhouse renovation will touch nearly every aspect of the 21-year-old downtown Indianapolis arena, but the first profound change sits ready with a complete remaking of the event level to create new premium experiences for fans of the NBA’s Indiana Pacers. The $360 million project will eventually remodel the entire venue, opening up the bowl to the concourse, giving fans new seats and culinary options, and remaking the entrance pavilion. But the focus of the recently completed first phase was on turning an arena that had one premium club into an arena with three distinct lower-level premium club experiences. “We are bringing different spaces up to alignment with current NBA standards,” says Adam Stover, senior principal for Populous, the architect on the project. “A full rework of the event level occurred. We were able to lift the practice court a level and pick up all that real estate, which was critical to the reworking of the event level.”