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IT firm plans $24 million data center

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Information technology firm Lightbound LLC is seeking tax abatements related to a nearly $30 million investment it plans to make in a new data center and equipment in Indianapolis.

The company plans to construct the 50,000-square-foot data center at a cost of $24 million at 650 W. Henry St. near Kentucky Avenue on the city’s southwest side.

Further, it plans to spend $4.9 million on new computer hardware, and telecommunications and related information technology equipment.

Lightbound expects the investment will create 35 jobs with an average wage of $24.76 per hour and will retain 32 jobs at an average wage of $22.97 an hour.

The Indianapolis Department of Metropolitan Development estimates the investments will result in an increase to the tax base of about $18.7 million of assessed value.

The nine-year abatements should save Lightbound a total of $2.5 million, the department said.  

The Metropolitan Development Commission will consider the abatements at its Wednesday meeting.

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  • Missing something
    Aren't there already a bunch of data centers at this location? Are they just building out / subleasing space from one that's existing?

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  1. I had read earlier this spring that Noodles & Co was going to open in the Fishers Marketplace (which is SR 37 and 131st St, not 141st St, just FYI). Any word on that? Also, do you happen to know what is being built in Carmel at Pennsylvania and Old Meridian? May just be an office building but I'm not sure.

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