In April 2019, a major renovation project for the Fieldhouse was approved by the Marion County Capital Improvement Board. The $360 million project will include a new outdoor entry plaza, new indoor gathering areas, and various interior enhancements. As part of the renovation agreement, the Pacers committed to remaining in Indianapolis for at least 25 more years. Construction will take place in two phases, with the Fieldhouse having planned to host the 2021 NBA All-Star Game in between the phases, which was later cancelled due to the COVID-19 pandemic. Almost all of the construction work will take place during Pacers offseasons. The project will displace the Fever for all of the 2020 and 2021 WNBA seasons, as well as at least part of the 2022 season; that team has announced it will play at Butler University's Hinkle Fieldhouse during that time.