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Brownsburg council adopts ordinance to back Project Falcon with taxable development bonds
Summary
The Town of Brownsburg adopted Ordinance 2025-19 to authorize taxable economic development revenue bonds for 'Project Falcon,' a confidential life-sciences investment the town says will bring a combined $435 million capital investment, relocate more than 1,700 jobs and create 300+ new positions; council also approved a 10-year personal-property tax abatement tied to $95 million of personal property investment.
Brownsburg’s Town Council voted unanimously on Nov. 20 to adopt Ordinance 2025-19, authorizing the town to issue taxable economic development revenue bonds to support a confidential project dubbed "Project Falcon." Economic development staff told the council the project is a life-sciences company planning a roughly 540,000-square-foot facility and will be financed with bonds purchased by the company and repaid using tax-increment-financing revenue tied to the project.
The council’s action follows prior approvals by the town’s Economic Development Commission and Redevelopment Commission; staff recapped estimated project figures at the meeting:…
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