Their original home arena was Fairgrounds Coliseum (then known as the Pepsi Coliseum) at the Indiana State Fairgrounds, though they later moved to Market Square Arena.

After Market Square Arena closed, the Ice played some games at the Conseco Fieldhouse in downtown Indianapolis.

This team was replaced by a team in the United States Hockey League called the Indiana Ice following the 2003–04 season, while they relocated to Topeka, Kansas, to become the Topeka Tarantulas.

Note: GP = Games played, W = Wins, L = Losses, T = Ties, OTL = Overtime Losses, Pts = Points, GF = Goals for, GA = Goals against, PIM = Penalties in minutes

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