Indianapolis-based trucking carrier Celadon Group Inc. plans to build a $5.25 million driver-training center and add 182 workers to its 633-employee local work force by 2016, according to documents filed with the city.
In return, the company is seeking a seven-year real property-tax abatement worth $205,494 and a personal property-tax abatement worth $7,000 from the city.
The Metropolitan Development Commission is set to consider the tax-abatement requests during a meeting Wednesday afternoon. Final approval could come on Jan. 16.
Celadon plans the driver training center for a vacant 7.65-acre site in the vicinity of its corporate campus in Warren Township at 9050 E. 33rd St.
The planned 60,000-square-foot facility, which would include a dormitory for driver trainees, is in addition to plans the company announced in 2011 to build a $3.4 million, 36,000-square-foot office building at its campus.
The city approved tax abatements worth $261,308 for the previous project.
The latest project is expected to add $1.82 million in assessed value to the tax base, according to papers filed with the city.
The personal property investment portion—for $150,000 in information technology and logistics equipment Celadon plans to install—should increase the tax base by $60,000 in the first year, according to city documents.
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http://www.ibj.com/celadon-plans-52m-driver-training-center-182-new-jobs/PARAMS/article/38786
In return, the company is seeking a seven-year real property-tax abatement worth $205,494 and a personal property-tax abatement worth $7,000 from the city.
The Metropolitan Development Commission is set to consider the tax-abatement requests during a meeting Wednesday afternoon. Final approval could come on Jan. 16.
Celadon plans the driver training center for a vacant 7.65-acre site in the vicinity of its corporate campus in Warren Township at 9050 E. 33rd St.
The planned 60,000-square-foot facility, which would include a dormitory for driver trainees, is in addition to plans the company announced in 2011 to build a $3.4 million, 36,000-square-foot office building at its campus.
The city approved tax abatements worth $261,308 for the previous project.
The latest project is expected to add $1.82 million in assessed value to the tax base, according to papers filed with the city.
The personal property investment portion—for $150,000 in information technology and logistics equipment Celadon plans to install—should increase the tax base by $60,000 in the first year, according to city documents.
...
http://www.ibj.com/celadon-plans-52m-driver-training-center-182-new-jobs/PARAMS/article/38786
