Zionsville lands $40M FedEx investment

May 29, 2013
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A Wednesday morning groundbreaking ceremony signaled the start of construction on a new FedEx Ground distribution center in Zionsville—the surest sign yet that the Boone County town really is open for business.

Long known as a largely residential community, Zionsville last year set out to diversify its tax base by ramping up commercial development. FedEx Ground is the first tenant in the new Ripberger Business Park, located a couple miles north of Interstate 465 and east of Zionsville Road.

The $40 million project is said to be the largest one-time investment there by a private entity.

Zionsville agreed to spend $2.4 million to extend Bennett Parkway south of 106th Street  into the business park, but economic development chief Wayne DeLong said FedEx did not request (or receive) additional incentives.

But the town did offer a $150,000 grant to an existing business that must move to make way for progress. Locally based Landscapes Unlimited is expected to build a facility in the park. Its current operation at 5155 W. Old 106th St. is in the path of the new road.

Last week, Zionsville Community Schools and the Zionsville Redevelopment Commission closed a $3.4 million deal to buy about 91 acres of prime Dow Chemical Co. land along 106th Street. The cash-strapped school district will keep about nine acres for a warehouse and maintenance facility; Zionsville expects to develop its portion of the property.

What do you make of the recent changes to Zionsville's business landscape?

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  • It's GREAT!
    The town has needed new large business tax base for decades - if only to reduce property taxes and also beef up school budgets. I hate the tought of all that extra traffic - it is already a big traffic jam every day - but this is what Zionsville needs to survive. Cudos who whom ever arranged this deal.

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  1. I am not by any means judging whether this is a good or bad project. It's pretty simple, the developers are not showing a hardship or need for this economic incentive. It is a vacant field, the easiest for development, and the developer already has the money to invest $26 million for construction. If they can afford that, they can afford to pay property taxes just like the rest of the residents do. As well, an average of $15/hour is an absolute joke in terms of economic development. Get in high paying jobs and maybe there's a different story. But that's the problem with this ask, it is speculative and users are just not known.

  2. Shouldn't this be a museum

  3. I don't have a problem with higher taxes, since it is obvious that our city is not adequately funded. And Ballard doesn't want to admit it, but he has increased taxes indirectly by 1) selling assets and spending the money, 2) letting now private entities increase user fees which were previously capped, 3) by spending reserves, and 4) by heavy dependence on TIFs. At the end, these are all indirect tax increases since someone will eventually have to pay for them. It's mathematics. You put property tax caps ("tax cut"), but you don't cut expenditures (justifiably so), so you increase taxes indirectly.

  4. Marijuana is the safest natural drug grown. Addiction is never physical. Marijuana health benefits are far more reaching then synthesized drugs. Abbott, Lilly, and the thousands of others create poisons and label them as medication. There is no current manufactured drug on the market that does not pose immediate and long term threat to the human anatomy. Certainly the potency of marijuana has increased by hybrids and growing techniques. However, Alcohol has been proven to destroy more families, relationships, cause more deaths and injuries in addition to the damage done to the body. Many confrontations such as domestic violence and other crimes can be attributed to alcohol. The criminal activities and injustices that surround marijuana exists because it is illegal in much of the world. If legalized throughout the world you would see a dramatic decrease in such activities and a savings to many countries for legal prosecutions, incarceration etc in regards to marijuana. It indeed can create wealth for the government by collecting taxes, creating jobs, etc.... I personally do not partake. I do hope it is legalized throughout the world.

  5. Build the resevoir. If built this will provide jobs and a reason to visit Anderson. The city needs to do something to differentiate itself from other cities in the area. Kudos to people with vision that are backing this project.

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