After more than 20 years in the RCA Dome, the Indianapolis Colts will play in one of the NFL’s finest stadiums in 2008 when Lucas Oil Stadium opens.  In December 2004, the Colts and the City of Indianapolis came to an agreement on a new stadium for the team. At an estimated price tag of more than $625 million the stadium will be completed by the 2008 season. In March 2006, Lucas Oil Products won the naming rights to the stadium. The deal is valued at $122 million over 20 years.

From the outside, the stadium will have a facade of brick and glass  allowing it to fit in with the surrounding area. Lucas Oil Stadium will be a three-deck, seven-level multi-use building with a retractable roof that will seat 63,000 for football and 70,000 or more for NCAA basketball, concerts and other special events.  The Fieldturf playing field will be 25ft below street level, allowing fans easier access to their seats. Many modern amenities will be found in the stadium from the high definition replay/scoreboards to the 140 to 150 luxury suites. Other than being the home of the Colts, the stadium will host the NCAA Basketball March Madness Tournaments and will be the permanent back up host for the Final Four Tournament. Lucas Oil Stadium will have one of the largest videoboards in the NFL. Consisting of three screens each, the 97-foot-wide-by-nearly-53-foot-high scoreboards will hang in the northwest and southeast corners of the building. 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.