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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  1. How is the private developer going to repay the bonds. Is this going to be a toll road?

  2. As well as a Portillio'S!!!!!!

  3. A Lou Malnati's would be awesome!!!!!!!!

  4. We aren't broke. We just aren't willing to raise revenues for this that we should be raising them.

  5. OK. now that the state is taking illegal immigrants, willing or not. There is a major concern that needs to be addressed. First: School starts here in 3 weeks in most parts of the country and probably in Indiana. So is the state going to vaccinate these kids before they intermingle with our kids in school? The problem we are going to have here in the US and possibly in Indiana is that some of these kids could be carrying health issues or diseases that are pretty much eradicated in the US. This could cause a major health issue in the US. Second: Who is going to pay for this building disaster? We are flat out broke….. Down here in Texas, we have 14 counties that have been so swamped with kids, (numerous thousands of them), they are on the verge of financial collapse. Now this is happening in counties in New Mexico, Arizona and California. The system is massively overloaded. Swine flu has started back up in San Antonio since they have nearly 2500 kids that have been placed there and lice is rampant. Not to be insensitive, but we need to stop this madness. I find it amazing that we cannot take care of our veterans and yet give carte blanche to illegals entering the country. Recently an article mentioned that these kids and teenagers can get on planes without TSA screening? What? What the Hell???? Keep in mind this about protecting our national sovereignty as a nation and also living under the rule of law. Not only the terrorist threat that can come over the border. This is a deliberate and irresponsible and illegal act from administration ignoring the constitutional duty of protecting the borders and also upholding the supreme law of the land. This is a classic Cloward and Piven strategy to overload the system until it collapses.