Zionsville Times Sentinel

Local News

February 5, 2014

Lids abatement process begins

The next step has been taken to bring Lids to Creekside Corporate Park along 106th Street between Zionsville Road and Bennett Parkway.

The Zionsville Town Council unanimously approved Monday night, Feb. 3, to begin the process of providing Lids with a personal property and real property tax abatement. The council also waived the road impact, sewer connection, building and sign permit fees.

"This is your first step of three," town attorney Kim Blanchet said. "In order to award an abatement, you will need to name the 15.6 acres they are wanting to develop as an (Economic Revitalization Area). The next step is to have a public hearing in March, and after that you'll have a confirmatory resolution."

Lids plans to build a 150,000-square-feet corporate headquarters building on the town- and school-owned property. Estimated construction costs are $16 million. The company will employ 450 people with an average salary of $52,000 per year. Lids will also invest $3 million in IT equipment for the facility.

See Wednesday's Times Sentinel for the full story.

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