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DeVry Inc. plans to open local nursing school

February 15, 2011

Downers Grove, Ill.-based DeVry Inc. plans to start a nursing school at its Indianapolis campus this fall in 24,000 square feet of leased space at 9100 Keystone Crossing.

The Chamberlain College of Nursing, a for-profit division of DeVry Inc., is set to open in October and employ 55 people at an average wage of $28.85 an hour, according to city filings.

To offset the $2 million investment, DeVry is requesting real and personal property-tax abatement from the city of Indianapolis.

During the four-year abatement period, DeVry expects to save $44,103.66 in real property taxes and $17,839.16 in personal property taxes. The opening of the school should result in an increase of $1.3 million to the city’s tax base.

DeVry would sign a 10-year lease for the space and hopes to enroll 650 students within the next three years, according to city documents.

Metropolitan Development Commission staff recommends approval of the tax abatements.

Commission members will consider the abatements at their Wednesday afternoon meeting. Approval would come at a later date.
 

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