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INDIANAPOLIS — The Indianapolis Motor Speedway will be constructing a one-story, multi-purpose building on the inside of Turn 3.

The 8,700-square-foot structure will be leased by BMW, as part of a multi-year agreement with IMS. The building — which will be called the BMW M Driving Experience Center — will include a showroom, classroom area, a conference room and direct access to the IMS road course for potential buyers.

The center will also include a small service bay area to prep the cars and service them properly, adds Speedway president Doug Boles.

In addition, the building can be used for race-day hospitality, and other small events throughout the year when it’s not being used by BMW. The building will feature a rooftop deck with a view of Turns 3 and 4, and is close to the Snake Pit’s concert area on Indy 500 race day.

Construction is expected to begin this year, and be completed by summer 2022.