Oh, there's no question Indy has gone through its own Renaissance. I don't know what the canals used to be like (Indy's nickname is the crossroads. There are about 6 Interstates that run through it but, previously, there were canals) but they are now lovely water features that run throughout downtown. They are below street level with sidewalks along them. You can walk all throughout downtown with a feeling of being in a park with no traffic noise but every block, or so, you just walk up a flight of stairs and you are in the middle of downtown. Lucas Oil Stadium is within a block, or so, of the canals. They have a Triple A stadium that is unbelievable and situated between Lucas Stadium and NCAA Headquarters. A natatorium and velodrome nearby. Conseco Fieldhouse is within a couple blocks. Indy may be the only city on Earth that could put on the Olympics without building anything.
I'm guessing that's why the NCAA relocated there.