IBJNews

Rolls-Royce moving 2,500 workers downtown

Back to TopCommentsE-mailPrintBookmark and Share

Rolls-Royce Corp. said Tuesday it will move 2,500 employees to a downtown Indianapolis office building on South Meridian Street formerly occupied by Eli Lilly and Co.  

The British-based firm said it will begin relocating employees from its other locations in the Indianapolis area later this year. Terms of the agreement were not disclosed.

City officials praised the decision, saying Rolls-Royce will invest about $20 million to modernize and occupy the vacant downtown building and is contemplating additional investments of as much as $190 million in its other local facilities.

In November, Rolls-Royce, an aircraft engine-maker with more than 4,000 employees in Indianapolis, announced it had begun talks with Lilly about occupying its 465,000-square-foot Faris campus. Last summer, Lilly began moving the 1,000 employees who worked there amid staff cuts and a push to consolidate employees.

“We’re committed to creating a competitive environment for the future right here in Indianapolis, and this consolidation is a critical part of our efforts,” John J. Gallo, Rolls-Royce’s executive vice president of business operations, said in a prepared statement. “Currently, we have office staff spread across multiple locations. Bringing these employees together will improve collaboration and productivity as well as reduce our overall operating costs.”

The move into what will be called the Rolls-Royce Meridian Center affects office staff only. Production work will continue at the manufacturing centers in Indianapolis, and efforts are under way to improve those facilities as well, Rolls-Royce said. The company has a dozen locations in central Indiana.

“Rolls-Royce’s decision to invest in downtown Indianapolis will build upon our strong city center and demonstrates clear recognition of the vibrancy of the city’s core,” Indianapolis Mayor Greg Ballard said in a prepared statement. “This is a win for downtown businesses and our economy.”

Rolls-Royce reached the agreement with Lilly with assistance from the city of Indianapolis, Develop Indy and the Indiana Economic Development Corp.

Develop Indy, the local economic development agency, said it will support a request for a 10-year tax abatement on the property. Develop Indy and EmployIndy also will provide $50,000 in training grants, and the state will provide $250,000 in training grants.

Officials said the city will collect an estimated $22 million more in tax revenue over 10 years as a result of the move, despite the tax abatement.

Lilly began construction on its $58 million Faris campus in 2001 with development partner Kite Realty Group Trust and it opened the following year. The campus includes the renovated Faris and Brougher buildings, a new 150,000-square-foot office building and a parking garage—all west of Meridian Street between Merrill and South streets.

In January, real estate experts told IBJ the downtown space is a big upgrade from London-based Rolls-Royce’s current facilities, which are spread across Indianapolis’ southwest side and in Plainfield.

Parking was identified as a possible sticking point, since the Faris garage can accommodate only 1,550 cars, but a Rolls-Royce spokesman said street-level lots adjacent to the property will make up the difference.

ADVERTISEMENT

  • Move Downtown
    I know these people already work in Indianapolis but they probably do not live downtown. I meant they may want to move downtown from the suburbs to be closer to work.
  • 'Saaad disclaimer'
    Fkgaza, It's unfortunate that you feel it necessary to 'qualify' your positive response. That alone describes where we have 'come', or maybe I should say, 'gone'.
  • Lon Chaney
    How is this going to do anything but spruce that area up and give downtown a little bit bigger lunch business? These people already work in Indy so I doubt they're going to have or want to move.
  • Great News
    Wow 2,500 workers downtown what good news. Downtown has lost so many workers over the years this will really help makeup for the loss and will generate more of a demand for more businesses and housing especially since the North and South project is almost next door.
  • WOW
    I know it is politically incorrect to say, "Thank you Lord!" but I was very worried about the downtown with the prospects of Lilly doing a bankruptcy number and restructuring. This sure is a blessing to our state---and in these difficult economic times things like this are a major blessing to our community and families.

    Post a comment to this story

    COMMENTS POLICY
    We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
     
    You are legally responsible for what you post and your anonymity is not guaranteed.
     
    Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
     
    No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
     
    We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
     

    Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

    Sponsored by
    ADVERTISEMENT

    facebook - twitter on Facebook & Twitter

    Follow on TwitterFollow IBJ on Facebook:
    Follow on TwitterFollow IBJ's Tweets on these topics:
     
    thisissue1-092914.jpg 092914

    Subscribe to IBJ
    1. Here are a few candidates for this new group, "ripped from the headlines." First up, that bizzaro State Senator Brent Waltz; secondly, the unethical Todd Huston, and his contractual arrangements scheme; Finally, but not least of all, the dishonorable Eric Turner. What sayeth you Greg Zoeller?

    2. Good day. I can't hide this great testimony that take place in my life I will love everyone to know it and be partaker that is why I always place it on answer, I am Mrs,Natalie Cuttaia by name, I live in Texas, United State Of America, I want to thank (Mr.Bruce Brandon) for his kindness upon my family life. I never knew that there is still nice lender like this on internet and earth here. Just some Months Back, I was in search for a loan of $100,000,00 as I was running out of money for feeding and rent. I was scammed $6,800 Dollars and I decided not to involve my self in such business again but a Friend of my introduced me to a loan firm due to my appearance and doings. And I told him that I am not interested of any loan deal anymore but he told me that there is still a nice lender who he will recommend me to, and I made a trial and I am most grateful lucky am I today, I was given a loan amount of $100,000.00usd, by this great Company (Bruce Brandon Loan Company) managed by (Mr.Bruce Brandon) If you are in need of a genuine or legit loan or financial assistance and you can be reliable and trusted of capable of paying back at the due time of the funds I will advice you to, contact him via: ( bruce.brandon071@gmail.com ) And you will be free from scams in the internet. All thanks to Mr.Bruce Brandon You are the one who remove me and my family out of poverty. The reason why i am doing this is that, i promise Mr.Bruce Brandon that if i truly got my loan, i will advertize his company and bring customers to his company. Contact him via ( bruce.brandon071@gmail.com )for the Loan you have been looking for..

    3. Hello, We are firm Organization formed to help people in needs of helps,such as financial help. So if you are going through financial difficulty or you are in any financial mess,and you need funds to start up your own business,or you need loan to settle your debt or pay off your bills,start a nice business, or you are finding it hard to obtain capital loan from local banks,contact us today via email mrsroseberrywilkinsfunds.usa@gmail.com So do not let these opportunity pass you by because Jesus is the same yesterday, today and forever more. Please these is for serious minded and God fearing People. Your Name: Loan Amount: Loan Duration: Valid Cell Phone Number: Thanks for your understanding to your contact as we Await Regards Management Email:mrsroseberrywilkinsfunds.usa@gmail.com

    4. The question is, where could they build a new stadium? It seems in the past year, all the prime spots have been spoken for with potential projects. Maybe in the industrial wasteland area a block past Lucas Oil? I think it needs to be close to the core, if a new stadium is built.

    5. Aldi is generally a great shopping experience. Still, I'm sure YOU wouldn't want to shop there, which I consider a positive.

    ADVERTISEMENT