Mishawaka Sports Facility Project

Overview: 

Bondry Consulting served as Developer Consultant for the $43.5 million Mishawaka Sports Facility, a 230,000-square-foot fieldhouse designed to boost youth sports and regional economic growth. Projected to generate $65–$80 million annually, the facility positions Mishawaka as a top sports tourism destination. Bondry’s expertise in Public-Private Partnerships (P3s) and financial structuring ensured the project’s financial sustainability.

Bondry’s Role

Bondry Consulting assisted Card & Associates in structuring Taxable Economic Development Lease Rental Revenue Bonds and securing funding through Tax Increment Financing (TIF) revenues, grants, and tax contributions. The firm created a repayment model using TIF, operational income, and innkeepers' tax pledges to minimize risk and ensure bond marketability.

Project Highlights

The facility includes:

• 10 multipurpose courts for basketball and volleyball

• 12 pickleball courts

• Batting cages and turf field

• Leasable commercial space

Economic and Community Impact

The project is expected to generate funds through tourism, hotel stays, and local spending. The facility is also expected to create hundreds of jobs during construction and operations while transforming underutilized land into a vibrant community hub that aligns with Mishawaka’s redevelopment goals.