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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. How much you wanna bet, that 70% of the jobs created there (after construction) are minimum wage? And Harvey is correct, the vast majority of residents in this project will drive to their jobs, and to think otherwise, is like Harvey says, a pipe dream. Someone working at a restaurant or retail store will not be able to afford living there. What ever happened to people who wanted to build buildings, paying for it themselves? Not a fan of these tax deals.

        2. Uh, no GeorgeP. The project is supposed to bring on 1,000 jobs and those people along with the people that will be living in the new residential will be driving to their jobs. The walkable stuff is a pipe dream. Besides, walkable is defined as having all daily necessities within 1/2 mile. That's not the case here. Never will be.

        3. Brad is on to something there. The merger of the Formula E and IndyCar Series would give IndyCar access to International markets and Formula E access the Indianapolis 500, not to mention some other events in the USA. Maybe after 2016 but before the new Dallara is rolled out for 2018. This give IndyCar two more seasons to run the DW12 and Formula E to get charged up, pun intended. Then shock the racing world, pun intended, but making the 101st Indianapolis 500 a stellar, groundbreaking event: The first all-electric Indy 500, and use that platform to promote the future of the sport.

        4. No, HarveyF, the exact opposite. Greater density and closeness to retail and everyday necessities reduces traffic. When one has to drive miles for necessities, all those cars are on the roads for many miles. When reasonable density is built, low rise in this case, in the middle of a thriving retail area, one has to drive far less, actually reducing the number of cars on the road.

        5. The Indy Star announced today the appointment of a new Beverage Reporter! So instead of insightful reports on Indy pro sports and Indiana college teams, you now get to read stories about the 432nd new brewery open or some obscure Hoosier winery winning a county fair blue ribbon. Yep, that's the coverage we Star readers crave. Not.

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