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Metropolitan Development Commission approves McLaren Indy tax abatements for Zionsville expansion
Summary
The commission approved two 10-year tax abatements for McLaren Indy to expand at 7615 Zionsville Road, backing roughly $6.1 million in real property investment and about $11 million in personal property investment and preserving jobs.
The Metropolitan Development Commission on Oct. 1 approved two 10-year tax abatement resolutions that clear the way for McLaren Indy to expand operations at 7615 Zionsville Road in Pike Township.
Kathy Battle of the Commission’s economic incentives team presented the proposals, saying McLaren will expand an existing about 7,300-square-foot facility to roughly 85,000 square feet and proposes about $6,100,000 in real property investment. Battle said McLaren will retain 102 jobs paying an…
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