The Town of Zionsville is on the brink of bringing in what could be its largest single taxpayer, FedEx.
The Redevelopment Commission approved Monday night, Aug. 27, a series of agreements that would get the ball rolling on a business park to be built on what is known as the Ripberger property, 90 acres from 106th Street extending south to Hoosier Village.
The planned 300,000-square-foot FedEx distribution center would be the business park’s largest tenant.
Dax Norton, executive director of the Boone County Economic Development Corp., would not confirm the name of the tenant since no agreement has been made
“The business park alone would bring in assessed value,” Norton said. “This tenant would bring in $40 million in assessed value alone. The tax impact is around $500,000 to $600,000 per year. The tenant has not asked for any tax abatement or (Tax Increment Financing) grants.”
See Wednesday's paper for the full story.