Saturday, July 27, 2013

IBJ Reports First Internet Bancorp Seeks Abatement for Investment in Fishers

From the Indianapolis Business Journal:

Economic development leaders in Fishers are asking the Town Council to OK a six-year property tax abatement to help First Internet Bancorp construct as many as two office buildings on property overlooking Interstate 69.

The Indianapolis-based parent of First Internet Bank on July 25 opened a mortgage processing center at 11201 USA Parkway, a 49,700-square-foot Fishers building that formerly housed a St. Vincent Health medical center.
                               
First Internet expects to invest $4.3 million in the building east of the highway, a commitment that early this year helped it secure a two-year property tax abatement worth $127,500. The property can accommodate two more 40,000-square-foot buildings, and company founder David Becker plans to keep growing operations there.
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http://www.ibj.com/article?articleId=42651