American Bottling Co. plans to develop a $6.3 million distribution center on the northwest side of Indianapolis, leaving behind a site it has occupied in nearby Park 100 for 40 years.
The company, a subsidiary of Plano, Texas-based Dr. Pepper Snapple Group Inc., outlined its expansion plan in a tax-abatement request released by the Department of Metropolitan Development on Monday.
American Bottling Co., or ABC., operates 12 beverage manufacturing sites and about 80 distribution centers across North America. Its local facility, which has 126 full-time employees, shipped more than 3.5 million cases of beverages to the central Indiana region in 2014.
ABC has targeted an undeveloped 12.3-acre site near 79th Street and Georgetown Road for its new 73,500-square-foot distribution center.
DMD staff is recommending ABC receive a five-year property-tax abatement on the project that will save it 60 percent, or almost $370,000, over the abatement period. The company would still pay about $352,482 in property taxes over the abatement period, plus more than $115,899 annually after the abatement period ends.
ABC said the move will help it retain 126 employees making an average wage of $17.90 per hour.
DMD staff said they didn't believe the project would be economically feasible without the tax-abatement incentive. The DMD said it also expected the Park 100 property left by ABC to accommodate an undisclosed company that was planning an expansion.
The company's abatement petition will receive its first hearing Wednesday at the Metropolitan Development Commission meeting. The incentive also will require approval from the City-County Council because the development is in a tax-increment financing district.