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ADM planning $29M expansion on city’s southeast side

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ADM Milling Co. is planning a $29 million expansion at its plant on Indianapolis’ southeast side that includes construction of a six-story building and new milling equipment.

The subsidiary of Decatur, Ill.-based Archer Daniels Midland Co., a global food-processing and commodities-trading corporation, is seeking a four-year personal and property tax abatement from the city to help offset the cost.

The city’s Metropolitan Development Commission will consider the abatements Wednesday.

ADM said the expansion will help it retain 53 workers at its local operations at 845 Bethel Ave.

ADM says it will spend nearly $11 million to build the facility to increase its wheat-processing production from 900 tons daily to more than 1,300 tons.

The company also plans to invest $18 million in new manufacturing equipment to clean, sift, roll and mill wheat.

As a result of the investments, the ADM mill will become one of the largest flour mills in North America, according to a city filing.

MDC staff recommends approval of the four-year abatement. The company should expect to save a combined $519,000 in personal and real property taxes during the abatement period and pay about $336,000.

The new building and equipment should add more than $11 million to Indianapolis’ tax base, the city said.
 

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  1. why oh why does this state continue to elect these people....do you wonder how much was graft out of the 3.8 billion?

  2. i too think this is a great idea. I think the vision and need is there as well. But also agree with Wendy that there may be better location in our city to fulfill this vision and help grow the sports of hockey and figure skating in Indy. Also to help further develop other parts of the city that seem often forgotten. Any of the other 6 townships out side of the three northernmost could benefit greatly from a facility and a vision like this. For a vision that sounds philanthropic, the location is appears more about the money. Would really like to see it elsewhere, but still wish the development the best of luck, as we can always use more ice in the city. As for the Ice growth when they return, if schedules can be coordinated with the Fuel, what could be better than to have high level hockey available to go see every weekend of the season? Good luck with the development and the return of the Ice.

  3. How many parking spaces do they have at Ironworks? Will residents have reserved spaces or will they have to troll for a space among the people that are there at Ruth Chris & Sangiovese?

  4. You do not get speeding ticket first time you speed and this is not first time Mr.Page has speed. One act should not define a man and this one act won't. He got off with a slap on the wrist. I agree with judge no person was injured by his actions. The state was robbed of money by paying too much rent for a building and that money could have been used for social services. The Page family maybe "generous" with their money but for most part all of it is dirty money that he obtained for sources that are not on the upright. Page is the kind of lawyer that gives lawyers a bad name. He paid off this judge like he has many other tine and walked away. Does he still have his license. I believe so. Hire him to get you confiscated drug money back. He will. It will cost you.

  5. I remain amazed at the level of expertise of the average Internet Television Executive. Obviously they have all the answers and know the business inside and out.

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