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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. Now if he'd just stay there...

  2. Daniel - what about the many US citizens who do NOT follow what the Bible teaches? The Hindus, Jews, Muslims and others who are all American citizens entitled to all rights as Americans?? This issue has NOTHING to do with "What the Bible says..." Keep all Churches separate from State! Pence's ongoing idiocy continues to make Indiana look like a backwards, homophobic state in the eyes of our nation. Can't we move on to bigger issues - like educating our kids?

  3. 1. IBJ should link to the referenced report. We are in the age of electronic media...not sharing information is lazy. Here is a link http://www.in.gov/gov/files/Blue_Ribbon_Panel_Report_July_9_2014.pdf 2. The article should provide more clarity about the make-up of this panel. The commenters are making this item out to be partisan, it does not appear the panel is partisan. Here is a list of the panel which appears to be balanced with different SME to add different perspectives http://www.in.gov/activecalendar/EventList.aspx?view=EventDetails&eventidn=138116?formation_id=189603 3. It suggests a by-pass, I do not see where this report suggests another "loop". 4. Henry, based on your kneejerk reaction, we would be better off if you moved to another state unless your post was meant as sarcasm in which case I say Well Done. 5. The article and report actually indicates need to improve rail and port infrastructure in direct contradiction to Shayla commentary. Specifically, recommendation is to consider passenger rail projects... 6. People have a voice with their elected officials. These are suggestions and do not represent "crony capitalism", etc. The report needs to be analyzed and the legislature can decide on priorities and spending. Don't like it, then vote in a new legislature but quit artificially creating issues where there are none! People need to sift through the politics and provide constructive criticism to the process rather than making uninformed comments in a public forum based on misinformation. IBJ should work harder to correct the record in these forums when blatant errors or misrepresentations are made.

  4. Joe ... Marriage is defined in the Bible ... it is mentioned in the Bible often. Marriage is not mentioned once in the US or Indiana Constitution ...

  5. Daniel - Educate me please: what does the Bible have to do with laws? If the government wasn't in the business of marriage to begin with, then it wouldn't have to "define" marriage at all. Marriage could be left as a personal, religious, or otherwise unregulated action, with no ties to taxes, legal status, etc. Then people could marry whomever they want, and all this silliness would go away. Remember to vote Libertarian in November.

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