FedEx would bring a distribution complex to Zionsville under a tax increment financing deal hammered out with town redevelopment commission members on Wednesday, according to a source familiar with the negotiations.
The Memphis-based company is considering a 300,000-square-foot facility that would anchor a business park between roughly 106th Street and 96th Street, in the vicinity of Zionsville Road and the Hoosier Village retirement center.
Total investment could reach $40 million.
The head of the Boone County Economic Development Corp., Dax Norton, declined to confirm FedEx would be the anchor tenant. “I’m not going to say anything until the company signs a lease,” he said Thursday morning.
In a statement to IBJ, the shipping giant said, “FedEx Ground continuously evaluates opportunities that can enhance our ability to serve our customers but, as a matter of policy, we don’t have further information on specific proposals under consideration.”
However, a source familiar with the project but who wished not to be identified described the plans to IBJ.
The Zionsville Times Sentinel reported Thursday that a redevelopment commission member spilled the beans on FedEx during a commission meeting Wednesday evening.
On hand was a representative of Indianapolis-based Scannell Properties, which has built five distribution facilities for FedEx Ground, including one in North Chicago, and a FedEx Freight facility in West Palm Beach, Fla.