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Concert Venues :: Market Square Arena


Now Known As
Date Opened Sept. 15, 1974
Demolished July 8, 2001
Venue Capacity 16,530
Venue URL
Venue Address 300 East Market Street
Indianapolis, Indiana 46204

Venue Information

In the late 1960s, the City of Indianapolis studied several market areas of the city for future development and revitalization. Students from the 4th year design studio class at Ball State University School of Architecture met with the City of Indianapolis to review and select 20-26 projects for consideration. Students Joseph Mynheir and Terry Pastorino selected downtown Indianapolis as their market and designed what would eventually become Market Square Arena. The design envisioned by Mynheir and Pastorino was later selected and used as a promotional tool by the City of Indianapolis for construction of the stadium. Four architectural firms were selected by the city to complete the arena design with two representatives from each of the four companies. Terry Pastorino, who had worked for Kennedy, Brown & Trueblood, Inc. during the summer of 1970 on the project, later joined the firm working on the arena.

The original student design included a 4 story office building covering 2 city blocks. The Market Square Arena as constructed consisted of a unique space frame design spanning Market Street. The playing floor was elevated over Market Street by parking garages on either side of Market Street. Market Street terminated at Market Square Arena to the east and to the west by the capitol building. The final design eventually took up one city block spanning Market Street.

The first event held at the arena was a Glen Campbell concert on September 15, 1974.

The arena was also the site of the final concert held by Elvis Presley on June 26, 1977, the 1980 NCAA men's basketball Final Four, and the Midwestern Collegiate Conference (now Horizon League) men's basketball conference tournament from 1986-1988 and again in 1993. In addition, it hosted the famous rematch between Hulk Hogan and Andre the Giant in an episode of WWF The Main Event on February 5, 1988. The live NBC broadcast drew 33 million viewers.

The Pacers moved to the new Conseco Fieldhouse for the 1999-2000 NBA season, and Market Square Arena was demolished on July 8, 2001 in a multi million-dollar implosion. The site of the former arena is a parking lot as of July, 2007. The parking lot holds a memorial, designed and built by Alan Clough to Elvis, which contains one of his scarves, to be opened in 2101.

Venue Photos

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