Indy Economic Development has outlined nearly $242 million tax abatements for a proposed data center in Decatur Township.
In March, city officials approved a 130-acre rezoning for Seattle-based Sabey Data Centers on the southwest side of Indianapolis to allow for a two-building data center campus at 6400 Kentucky Ave.
The breakdown
Here’s how the investments and tax abatements are broken down.
Sabey and its tenant plan to invest $4.3 billion in property and equipment purchases, which would be one of Indy’s largest private investments, according to city documents. In return, the city’s economic nonprofit has recommended more than $49 million in real estate property tax savings over a 10-year period…