FINANCIAL_SERVICESRECOMMENDED

Metropolitan Development Commission Agenda Packet 2026-06-17

Four-Year Tax Abatement Proposed for CCBCC Operations

4-year personal property tax abatement; estimated tax savings approximately $908,529.30 over four yearsCity of IndianapolisCCBCC OPERATIONS LLCJune 17, 2026

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Description

The Metropolitan Development Commission introduced Preliminary Resolution 2026-A-026 to grant CCBCC Operations, LLC a four-year 50% personal property tax abatement for $31.5 million in new manufacturing equipment at 5000 West 25th Street. The proposed Economic Revitalization Area designation would support job retention and creation, with final action scheduled after a July 15, 2026 hearing.

Contract Details

Contract Amount

4-year personal property tax abatement; estimated tax savings approximately $908,529.30 over four years

Vendor

CCBCC OPERATIONS LLC

Agency

City of Indianapolis, IN

Contract Type

FINANCIAL_SERVICES

Document Date

June 17, 2026

Contract Term

Abatement period of four (4) years; ERA designation effective for equipment installed July 15, 2026 to December 31, 2028

Renewal Date

2028-12-31

Renewal Info

ERA designation for new equipment terminates December 31, 2028, but tax abatements on qualifying equipment installed before that date may run the full four-year term; no automatic renewal beyond that period is provided.