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IAA LAND USE INITIATIVE

A vital catalyst for economic development throughout Central Indiana, the Indianapolis Airport Authority (IAA) has announced an initiative to fuel the local economy by putting land back onto local tax rolls. To serve the greater community and drive economic growth and job creation in the metropolitan area, more than 3,200 acres of IND property will be available for development, redevelopment and recreational use.

The initiative will add to the IAA's more than $4.5 billion economic impact while also increasing tax revenue for local communities, schools, and other beneficiaries. By putting land back onto local tax rolls and into productive use, the IAA will create an estimated annual land tax revenue of $1.7 million with additional tax revenues as development occurs, adding to the more than $55 million in state and local tax revenues generated by the airport each year.

The IAA's guiding principles and forward-thinking operations have allowed IND to progress as a world-class airport with longstanding plans for its property. Having a long-term plan for smart growth and development of airport land has been a top priority for decades. Land use studies and community outreach programs in recent years have supported the IAA's plan. With a functionally redesigned airport in full operation and the new 1.2 million square-foot Colonel H. Weir Cook Terminal, the IAA now has a clear understanding of how best to use airport property.

Throughout this process, the IAA will work alongside area residents, community members, business owners, local leaders, and municipal officials to optimize development and growth in the area. The IAA will also continue to support its longstanding commitment to sound environmental and sustainability principles by working to integrate its actions with the needs and values of local communities. This plan will help guide the IAA as future development and opportunities for public and private partnership are explored.

IAA Surplus Land Auction

 

Auction Website

 

Press Release

 

Recent Land Use Announcements:

Town of Plainfield MOU

Hendricks County Park Board MOU

 

City of Fishers MOU

 

IAA Surplus Land Auction

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IAA Land Use Initiative Press Release

IAA Open House Press Release