City of Shelbyville Common Council Regular Meeting Minutes April 2026
Shelbyville Approves Economic Deal With Prologis
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Description
The Shelbyville Common Council approved Resolution No. 2026-06, endorsing the Economic Development Agreement with Prologis for a $2 billion industrial project. Prologis will make $25 million in upfront economic development payments, $1 million per building, fund $200,000 in escrow for city professional fees, repair road damage it causes, and receive specified tax abatements.
Contract Details
Contract Amount
$2 billion project investment; $25 million upfront; $1 million per building; $200,000 for professional fees
Vendor
PROLOGIS
Agency
City of Shelbyville, IN
Contract Type
OTHER
Document Date
April 6, 2026
Contract Term
20 years (economic impact projection period)
Renewal Date
2046-04-06
Renewal Info
The agreement includes long-term tax abatements and projected tax revenues over 20 years; specific renewal or extension options are not detailed in the minutes.
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