Fun with tax abatements

June 3, 2008
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TaxesA couple of development projects that would include tax abatements are up for hearings Wednesday at the Metropolitan Development Commission:

Community Hospital of Indiana Inc. plans to spend $3.7 million updating and expanding a data center at 7351 Shadeland Ave., a project that would retain 117 jobs and add 30 at an average wage of $26 per hour. Recommended incentives include a 6-year personal property tax abatement worth about $200,000 and a 6-year property tax abatment worth $841,000.

Monarch Beverage Company Inc. plans to spend about $38 million on the first phase of its new headquarters at 9347 E. Pendleton Pike, earning it a 10-year personal property tax abatement worth $721,000 and a property tax abatement worth about $2.3 million. IBJ reported the story first back in March.

DCI Medical Laboratories plans to add 20,000 square feet to its facility at 9550 Zionsville Road, retaining 152 jobs and adding 125 new jobs at an average wage of $18.49 per hour. The $2.5-million project could land the company an 8-year personal property tax abatement worth $127,000.

Also on the agenda: The board is scheduled to consider the $15-million Monon Place proposal which was tabled last month. The project calls for 150 new apartments, a clubhouse and pool and about 12,500 square feet of retail space along the Monon Trail between Kessler Boulevard and 61st Street.
  • Community is seriously turning into a city. Is there any room left to build?

    The Monarch abatement I think makes the most sense. The area needs them there badly to get rid of some of that Pendleton Pike blight.

    Keeping my fingers crossed that the monon place gets passed. I wonder if all the parents will pull their kids out of school again to come to the hearing to demonstrate what concerned parents they are.
  • Cory, will you be attending the meeting? Let us know how many poor kids get dragged to this meeting to be used as props again.
  • When I hear or read jobs coming in stating wages average $26 an hour, is that a total as including insurance and other benefits, or are they saying that the employee is bringing home that much, before taxes? Thanks.
  • I thought the mayor ran on a platform that too many tax abatements were being granted?
  • Maybe this is still a reduction. Or maybe it was about not enough analysis being given to decide if it made sense to give a particular business an abatement or not.
  • $54,000/year avg salary at a data center? Must be serious technical positions, I would presume. Isn't Community a not-for-profit, which would typically be exempt from property taxes?
  • 'average wage of $26 per' That's one Job at 250K and the rest at $8.25 hour.
  • idyllic indy, have you ever seen a billing from Community?? not-for-profit my eye!!
  • Thanks for FINALLY doing an entry on tax abatements. Now if we could get more on Mayor Ballard's parking habits and upcoming openings of Applebee's, Starbucks and Pier One Imports; I'll be happy.

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