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Big loss for Indy. We have far more “struggling retail areas” of our own!
And we have so much redevelopment acreage around the old IND terminal site with terrific Interstate access and immediate proximately to Republic’s true base of operations.
Kite, Pure Development, others could have developed sometime similar or better for Republic.
Giving corporate citizens these TIF incentives to stay and invest within Marion Co is always tricky turf.
But losing Republic will be costly. Over many years to come.
Where is Mayor Joe?
Boss Hogsett and the City-County Council are too busy discussing to be masked or unmasked, meatless Monday, smoking restrictions in city parks and who to pawn the City County Building off on to be concerned about keeping a major employer in the county.
Most of their employees work at IND and literally can’t work anywhere else. It’s such a small loss – and not worth $50m.
Mayor Hogsett should have given Republic an opportunity to buy the soon to be vacant City County Building for its new HQ.
Spot on Michael D!
And totally agree with Jefferson…airline not at the airport? Fish outta water.
“TIFs” are fishy at best and the double edged sword of public/private development
Republic will still do most business in Indianapolis and they tricked Carmel into giving them $50m so their executives have a shorter commute. They got fleeced.
Bingo!
While TIF is not perfect, it is based on estimated value, and the company will be paying it back in the form of property taxes. It’s not like it’s free money. Do your research.
Research? It is free money to Republic, taxpayers will have to cover the costs of city services Republic uses for 25 years since their taxes go to their building debt on a special built development
I find it funny that Republic is viewed as one of the “value” airlines right along side of Allegiant and they decide to build and move to one of the richest zip codes in the region. There is so much land at the airport, it certainly dos make sense to be close to the market in which you serve, however the area around the airport is not all that desirable of a place to be HQ’ed.
Except for all the other Headquarters around there, Infosys America Training Headquarters right next to it being one – with just as much tech investment in VR/AR and AI.
Bummer Carmel wins again.
With all of the complaining that goes on in Brownsburg as it regards the distribution centers that have been built and what it does or doesn’t provide in the way of tax revenue, Republic Airlines HQ would’ve been a great opportunity. Of course, there doesn’t appear as though there’s any strategy for this type of growth. Instead, it seems all we do is play musical chairs with the Town Manager’s position and, at least, one seat on the Town Council. Well, at least we are fortunate to have a great school system to attract families to our community.
I said earlier: that site needs to be a “Go to Place.” And there it is.
At least the company stayed in the Indy metro area and not moved out of state completely. Indy,Carmel,Fishers,Westfield,nobelsville,brownsburg and Greenwood need to work together as one big regional area for development.Thats how Indy should sell itself to the rest of the world.If a major development comes anywhere to the Indy metro area that’s a good thing for the entire area.