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DeVry wins abatements for nursing school

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Indianapolis’ Metropolitan Development Commission awarded property tax abatements on Wednesday afternoon to Downers Grove, Ill.-based DeVry Inc., which plans to start a nursing school at its campus at 9100 Keystone Crossing.

The request for abatement, however, drew opposition from the Nora-Northside Community Council and Metropolitan School District of Washington Township.

The Chamberlain College of Nursing, a for-profit division of DeVry Inc., is set to open in October in 24,000 square feet of leased space. The school would employ 55 people at an average wage of $28.85 an hour, according to city filings.

To offset the $2 million investment, DeVry will receive a four-year abatement enabling it 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 will sign a 10-year lease for the space and hopes to enroll 650 students within the next three years, according to city documents.

But Ruth Hayes, president of the north-side community council, questioned why MDC would grant economic incentives to a company moving into such a bustling area.

“To name a high-end, upscale commercial neighborhood as being in the need of revitalization is absurd,” she said. “To claim such is a sham, a phony claim.”

Phil Smith, the school district’s director of operations, echoed Hayes’ concerns. He said the school system’s capital projects fund, used to support building maintenance, would suffer if the abatements were granted.

DeVry also has been awarded $425,000 in state tax credits.

In addition on Wednesday, the MDC granted property tax abatements to locally based Heritage Technologies LLC. Its Micronutrients subsidiary, a manufacturer of animal trace mineral nutrients, plans to invest $23 million to grow its west-side operation, adding 44 jobs over the next three years.

The company broke ground last month on a new plant, which will be located next to its existing production facility and headquarters at 1550 Research Way near West Washington Street and South Girls School Road.

The first of three production lines should be completed by October.

MDC awarded the company seven years real property tax abatement and 10 years personal property tax abatement.

 

Vry
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  • Misleading Wages
    The per hour average quoted here is quite likely misleading to fraudulant. Most proprietary schools will pay $20 to $30 an hour (in a per class contract) for classroom instruction but not compensate for prep time. For a classroom of just 10 or 15 students this can add up to an hour of prep (writing lessons & exams, office hours, and grading) for each hour of instruction. Do the math and you are looking at no better than $10 to 15 an hour for a teacher with Masters level+ education in medical science. This is why they often struggle in teacher retention, in addition to charging upto 3 to 4 times a community college and spending 20%+ of revenue on marketing.
  • ??
    Indiana already provides for property tax exemptions for educational facilities (including for-profit)...why did they need to get an abatement?

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  1. to mention the rest of Molly's experience- she served as Communications Director for the Indianapolis Department of Public Works and also did communications for the state. She's incredibly qualified for this role and has a real love for Indianapolis and Indiana. Best of luck to her!

  2. Shall we not demand the same scrutiny for law schools, med schools, heaven forbid, business schools, etc.? How many law school grads are servers? How many business start ups fail and how many business grads get low paying jobs because there are so few high paying positions available? Why does our legislature continue to demean public schools and give taxpayer dollars to charters and private schools, ($171 million last year), rather than investing in our community schools? We are on a course of disaster regarding our public school attitudes unless we change our thinking in a short time.

  3. I agree with the other reader's comment about the chunky tomato soup. I found myself wanting a breadstick to dip into it. It tasted more like a marinara sauce; I couldn't eat it as a soup. In general, I liked the place... but doubt that I'll frequent it once the novelty wears off.

  4. The Indiana toll road used to have some of the cleanest bathrooms you could find on the road. After the lease they went downhill quickly. While not the grossest you'll see, they hover a bit below average. Am not sure if this is indicative of the entire deal or merely a portion of it. But the goals of anyone taking over the lease will always be at odds. The fewer repairs they make, the more money they earn since they have a virtual monopoly on travel from Cleveland to Chicago. So they only comply to satisfy the rules. It's hard to hand public works over to private enterprise. The incentives are misaligned. In true competition, you'd have multiple roads, each build by different companies motivated to make theirs more attractive. Working to attract customers is very different than working to maximize profit on people who have no choice but to choose your road. Of course, we all know two roads would be even more ridiculous.

  5. The State is in a perfect position. The consortium overpaid for leasing the toll road. Good for the State. The money they paid is being used across the State to upgrade roads and bridges and employ people at at time most of the country is scrambling to fund basic repairs. Good for the State. Indiana taxpayers are no longer subsidizing the toll roads to the tune of millions a year as we had for the last 20 years because the legislature did not have the guts to raise tolls. Good for the State. If the consortium fails, they either find another operator, acceptable to the State, to buy them out or the road gets turned back over to the State and we keep the Billions. Good for the State. Pat Bauer is no longer the Majority or Minority Leader of the House. Good for the State. Anyway you look at this, the State received billions of dollars for an assett the taxpayers were subsidizing, the State does not have to pay to maintain the road for 70 years. I am having trouble seeing the downside.

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