Indianapolis approves major tax breaks for data center project
Indianapolis' Metropolitan Development Commission approved significant tax breaks for a data center project by the company SEBI in Decatur Township. The project involves over $4 billion in investment, with the tax breaks totaling approximately $240 million. While the development received support from a construction trades council, it faced opposition from a local civic group.
The Metropolitan Development Commission in Indianapolis has approved substantial tax breaks for a new data center project by the company SEBI and its unnamed tenant. The project, located in Decatur Township, represents an investment of over $4 billion.
The approved tax abatements include a 60% real estate tax break for 10 years and a 90% equipment tax break for 15 years, totaling approximately $240 million in savings for the company. During these abatement periods, SEBI is projected to pay $53 million in local taxes.
Prior to the vote, Pat Andrews of the Decatur Township Civic Council voiced opposition to the development, while John Hooker, president of the Central Indiana Building and Construction Trades Council, expressed support. The data center is intended for cloud computing and government and corporate operations. The commission is also scheduled to vote in mid-October on tax breaks for another data center project, Metro Blocks, planned for the Martindale-Brightwood area.