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FedEx Ground eyeing Zionsville for distribution center

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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.


 

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  • Tousley
    Please stop leaking information. Are you trying to ruin this deal?
  • Vicky Sampson
    Unless the TIF is paid off ahead of time. Do your research.
  • What have you brought?
    Mr. Z, What have YOU brought to Zionsville? This is a great project and I don't see any of you critics brining anything to the table.
  • Need Help?
    Let me help with that sign.
  • Sheeps Clothing
    I agree with what I heard Notrianni, Tousley and Bucher have said - the wolves in sheeps clothing are the mega-developers that gave us the 1000s of school kids at Irishman's Run and now they are taking tax payer money to be "retained" in Zionsville. Little Bo Peep better watch out for the Butz mingling among her flock. Hoosier Papa is right, something isn't right here - where's John Doe Harris and Wendy Brant when you need them? This project will destroy our quaint sanctuary, I'm putting the for sale sign out now before this council completely destroys this town!!!
    • Why not Anson
      Great for Boone County and Zionsville, but this seems like something Duke should be hot and bothered for to put into Anson. Seems like it'd be a better location for accessibility. I know that Anson is Whitestown, just not sure the deal that has been worked out with Zionsville, since this area is all Eagle Township.
    • Great company
      FedEx is a great company. The location for this distribution center is a good choice and will add jobs.
    • Winners and Losers
      Zionsville's Town Council wants growth at any cost, so they can claim to have diversified the tax base and saved the schools. But this attitude comes with winners and losers. The winners in this case are the developers capitalizing on the town's appeal. The losers? The taxpayers who are led to believe that development in the TIF area will flow to the schools. Unfortunately, in 2028 when the TIF expires and the money eventutally goes to the schools, everyone with kids currently in the schools will have moved on. And don't forget, the town will be stuck with truck traffic for ever.
      • Who's #1?
        Money ranks Carmel #1; Zionsville ranks money #1
      • Huh? On this property?
        Either FedEx is dumber than I thought or there's more to this story that isn't out yet. I mean, what intelligent planner is going to look at the Ripberger property, accessible only after several tights turns on narrow two lane roads and conclude, "Wow, that's a perfect site for a facility that will be serviced around the clock by semis with multiple trailers." Not to mention that from nowhere in the Zionsville TIF is there friendly access to I-465. Something's not right here. Either the upcoming INDOT upgrade to the Michigan Road entrance/exit off of I-465 is going to include direct access to the Ripberger property, or FedEx is being used as a cover for something else. As things are right now, the proper place in Boone County for a large-scale logistics facility is in Whitestown, near exit 133 off of I-65.
      • Short sighted
        Zionsville needs high paying jobs, such as those from focusing on a diverse hi tech base. This type of failure on the part of the Boone county EDC, and the Zionsville Town Council, is just the tip of the iceberg.
        • Where's Greenwood?
          It drives me to distraction to see the Indianpolis metropolitan area grow lopsided to the northside. For example, where is the City of Greenwood in any of these developments? Is all they can do is spend its development dollars on a new city pool?Where is the new mayor of Greenwood? Not only is it sad, it is not good for the sustained growth of the entire metropolitan area. Sad.
        • Access?
          As a Zionsvillian, I hope this comes about, but I have to wonder, how do you build a 300,000sf distribution center with limited access? The Michigan Rd exit from 465 is already miserable. Northbound Michigan Rd from 465 to 106th is usually pretty backed up. And then 106th west from Michigan is one lane in each direction. I guess 106th could be widened, but that doesn't address the other bottlenecks. Anyone know what the plan is?

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        1. The east side does have potential...and I have always thought Washington Scare should become an outlet mall. Anyone remember how popular Eastgate was? Well, Indy has no outlet malls, we have to go to Edinburgh for the deep discounts and I don't understand why. Jim is right. We need a few good eastsiders interested in actually making some noise and trying to change the commerce, culture and stereotypes of the East side. Irvington is very progressive and making great strides, why can't the far east side ride on their coat tails to make some changes?

        2. Boston.com has an article from 2010 where they talk about how Interactions moved to Massachusetts in the year prior. http://www.boston.com/business/technology/innoeco/2010/07/interactions_banks_63_million.html The article includes a link back to that Inside Indiana Business press release I linked to earlier, snarkily noting, "Guess this 2006 plan to create 200-plus new jobs in Indiana didn't exactly work out."

        3. I live on the east side and I have read all your comments. a local paper just did an article on Washington square mall with just as many comments and concerns. I am not sure if they are still around, but there was an east side coalition with good intentions to do good things on the east side. And there is a facebook post that called my eastside indy with many old members of the eastside who voice concerns about the east side of the city. We need to come together and not just complain and moan, but come up with actual concrete solutions, because what Dal said is very very true- the eastside could be a goldmine in the right hands. But if anyone is going damn, and change things, it is us eastside residents

        4. Please go back re-read your economics text book and the fine print on the February 2014 CBO report. A minimum wage increase has never resulted in a net job loss...

        5. The GOP at the Statehouse is more interested in PR to keep their majority, than using it to get anything good actually done. The State continues its downward spiral.

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