FINANCIAL_SERVICESAPPROVED

City of Indianapolis Awards Financial Services Contract to Metrobloks Llc (August 2026)

The Metropolitan Development Commission approved a final Economic Revitalization Area resolution granting Metrobloks, LLC a ten-year real property tax abatement for a $250 million data center campus at 2505 North Sherman Drive. The abatement provides a 60% property tax deduction over ten years as Metrobloks develops approximately 332,000 square feet of advanced data center facilities.

Status
APPROVED
Document date
August 19, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Metrobloks Llc
Agency
City of Indianapolis · IN

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Property tax savings of approximately $13,579,865.15 over 10 years, contingent on $250,000,000 investment
Contract type
FINANCIAL_SERVICES
Contract term
ten (10) years real property tax abatement; Economic Revitalization Area designation terminates five years after final resolution but abatement runs up to ten years
Renewal date
2031-12-31
Renewal
Economic Revitalization Area designation terminates five years after adoption or by December 31, 2031, but redevelopment completed within that period qualifies for up to ten years of abatement; annual compliance surveys scheduled through 2040.
Document type
AgendaPacket
Source document
Metropolitan Development Commission Agenda Packet 2026-08-19

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Indianapolis?

Metrobloks Llc was awarded this financial services contract by City of Indianapolis, as recorded on August 19, 2026. The contract value is Property tax savings of approximately $13,579,865.15 over 10 years, contingent on $250,000,000 investment.

How much is the Metrobloks Llc contract with City of Indianapolis worth?

The Metrobloks Llc contract with City of Indianapolis is valued at Property tax savings of approximately $13,579,865.15 over 10 years, contingent on $250,000,000 investment, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Metropolitan Development Commission Agenda Packet 2026-08-19 (AgendaPacket), dated August 19, 2026 from City of Indianapolis. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Metrobloks Llc hold?

Metrobloks Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Metrobloks Llc's profile

What is City of Indianapolis currently buying?

Explore City of Indianapolis's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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