City board to consider new taxing district for Eleven Park stadium

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6 thoughts on “City board to consider new taxing district for Eleven Park stadium

  1. As long as these taxes are restricted to Kite-owned properties and properties that primarily tourists, I am okay with this. If the proposal is expanded in such a way that taxes Indianapolis residents, that would be tough.

    1. It’s not limited to Keystone-owned properties with the PSDA boundaries unnecessarily extending to 1 North Meridian, 1 North Pennsylvania and portions of the old GM site. Regardless, the taxes diverted include state and local taxes collected within the district. That means if a business moves from outside the PSDA into the PSDA then the City/State are net losers of tax revenues. If this is approved, almost the entire area around the convention center and stadiums will be included in a PSDA. When does the City get to keep some of the tax benefits of growth and perhaps use those dollars for maintenance, improve safety, assist the homeless?

    1. Yup. Is there any development done in this “low tax state” that doesn’t involve incentives/tax breaks?

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