Fishers dangles possible tax break to lure unnamed prospect

July 8, 2014
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An unidentified company may take over a vacant distribution facility in Fishers, spurring town leaders to begin the process of making the property eligible for a tax abatement.

(Update: Consumer-products giant Jarden Home plans Fishers HQ)

Town Council on Monday approved a resolution necessary to establish 9999 E. 121st Street as an economic revitalization area. Nothing will be final until after a public hearing and confirmatory vote, Assistant Director of Economic Development Tim Gropp said.

Starting the process now allows the town to move quickly if the company chooses the 637,000-square-foot Fishers building, which has been vacant since Sony DADC Americas closed its 248-worker facility in 2012.

Economic development officials have fielded inquiries about the building since then, Gropp said, but the size and age of the building have been obstacles. Landing a new tenant likely will require a financial incentive, he told the council.

Council—and the public—will get details of the proposed project before any tax breaks are approved, he said. State law requires the town to provide 10 days’ notice before a public hearing.

Cassidy Turley brought the current prospect to the table, Gropp said. Senior Managing Director Katie Culp, who attended the Monday meeting, said she could not identify the client.

  • FingerlickenFadness
    Do I smell even more business and real estate taxes being siphoned off to promote "economic development"? I'm lovin' it!

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  1. So much for Eric Holder's conversation about race. If white people have got something to say, they get sued over it. Bottom line: white people have un-freer speech than others as a consequence of the misnamed "Civil rights laws."

  2. I agree, having seen three shows, that I was less than wowed. Disappointing!!

  3. Start drilling, start fracking, and start using our own energy. Other states have enriched their citizens and nearly elminated unemployment by using these resources that are on private land. If you are against the 'low prices' of discount stores, the best way to allow shoppers more choice is to empower them with better earnings. NOT through manipulated gov mandated min wage hikes, but better jobs and higher competitive pay. This would be direct result of using our own energy resources, yet Obama knows that Americans who arent dependent of gov welfare are much less likely to vote Dem, so he looks for ways to ensure America's decline and keep its citizens dependent of gov.

  4. Say It Loud, I'm Black and Ashamed: It's too bad that with certain "black" entertainment events, it seems violence and thuggery follows and the collateral damage that it leaves behinds continues to be a strain on the city in terms of people getting hurt, killed or becoming victims of crimes and/or stretching city resources. I remember shopping in the Meadows area years ago until violence and crime ended make most of the business pack you and leave as did with Lafayette Square and Washington Square. Over the past 10 to 12 years, I remember going to the Indiana Black Expo Soul Picnic in Washington Park. Violence, gang fights and homicides ended that. My great grandmother still bears the scares on her leg from when she was trampled by a group of thugs running from gun fire from a rival gang. With hundreds of police offices downtown still multiple shootings, people getting shot downtown during Black Expo. A number of people getting shots or murdered at black clubs around the city like Club Six on the west side, The Industry downtown, Jamal Tinsley's shot out in front of the Conrad, multiple fights and shootings at the skating rinks, shootings at Circle Center Mall and shooting and robberies and car jackings at Lafayette Mall. Shootings and gang violence and the State Fair. I can go on and on and on. Now Broad Ripple. (Shaking head side to side) Say It Loud, I'm Black and I'm Ashamed.

  5. Ballard Administration. Too funny. This is the least fiscally responsive administration I have ever seen. One thing this article failed to mention, is that the Hoosier State line delivers rail cars to the Amtrak Beech Grove maintenance facility for refurbishment. That's an economic development issue. And the jobs there are high-paying. That alone is worth the City's investment.