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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowA logistics company plans to develop a $14 million rail-serviced distribution center on the south side of Indianapolis, creating 35 jobs when it opens the center in late 2017.
Two local subsidiaries of Miami-based Venture Logistics LLC want to build the 400,000-square-foot facility on a 46-acre site at West Hanna Avenue and Division Street, near South Harding Street, according to the Department of Metropolitan Development.
The site is partly occupied by a small trucking company and three single-family homes.
Venture is seeking a seven-year real-property-tax abatement from the city that would save it an estimated $1.2 million, or 59 percent, over the abatement period.
The company would still pay an estimated $826,426 in real property taxes on the property improvements during the abatement period, plus another $40,222 annually in existing property taxes.
After the abatement period, Venture would pay an estimated $366,300 in annual real property and land taxes, the DMD said.
The new jobs would pay an estimated $17 an hour.
Venture provides third-party warehousing, distribution, transportation, contract logistics and freight services.
The Metropolitan Development Commission is set to hear the application Wednesday at a public hearing. A final approval could come at the Nov. 4 MDC meeting.
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