Event to Spotlight Airport Land

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The Indianapolis Airport Authority will host an informational session about more than 1,000 acres going back on the market. Airport executives will brief brokers and developers on opportunities at an open house next week.

January 12, 2015

News Release

INDIANAPOLIS, Ind. - The Indianapolis Airport Authority (IAA) recently announced an initiative to fuel the local economy by placing more than 1,200 acres of IND land back into the market. The IAA is hosting an open house on Jan. 20, 2015 from 9:30 a.m. to 12:30 p.m. where commercial real estate brokers and developers can learn more about the land available for lease and sale. Airport leaders will speak about the initiative, IND's property and the airport's role in supporting local economic growth and development.

With this initiative, IAA will create an estimated annual tax revenue of $1.7 million, adding to the $55 million in state and local tax revenues generated by the airport each year. The more than 1,200 acres available for lease or sale is valued at an estimated $83 million. This initiative will give businesses, neighbors and economic development groups access to new property developments, creating jobs and economic opportunity.

The IAA has also established a 2,000-plus acre conservation area focused on providing critical habitat land to the endangered Indiana bat and wetland mitigation to enhance water quality, and will look at opportunities relative to this land for compatible use.

WHO: Speakers will include:

Mario Rodriguez, IAA Executive Director

Michael Wells, IAA Board President

Eric Anderson, IAA Property Director

Marsha Stone, IAA Senior Director of Commercial Enterprise

WHEN: Jan. 20, 2015 from 9:30 a.m. – 12:30 p.m.

WHERE: Indianapolis International Airport

7800 Col. H. Weir Cook Drive, Indianapolis IN

Please RSVP to mediarelations@ind.com.

To learn more about the IAA’s land use initiative, please visit www.indianapolisairport.com.

About the Indianapolis Airport Authority

The Indianapolis Airport Authority owns and operates Indiana’s largest airport system. In addition to the Indianapolis International Airport, its facilities include the Downtown Heliport, Eagle Creek Airpark, Hendricks County Airport, Indianapolis Regional Airport, and Metropolitan Airport. IND has received numerous prestigious awards recognizing it as a leader within its class, including best airport in North America in 2010, 2012, and 2013 in Airports Council International’s annual Airport Service Quality awards. IND is the first airport in the U.S. to win LEED® certification for an entire terminal campus, and the airport has won additional recognition for excellent customer service, concessions programs, and art and architecture.

IND generates an annual economic impact in Central Indiana of more than $4.5 billion, without relying on state or local taxes to fund its operations. About 10,000 people work at the airport each day. IND serves more than 7 million business and leisure travelers each year, and averages 135 daily flights to 37 nonstop destinations. Home of the world's second-largest FedEx Express operation and the nation’s eighth-largest cargo facility, IND is committed to becoming the airport system of choice for both passenger and cargo service. For more information, visit IND’s Facebook page at Indianapolis International Airport and Twitter page at @INDairport.

Source: Indianapolis Airport Authority