The Indianapolis Airport Authority has approved two land deals as part of the effort to place more than 1,200 acres back on the market. The sales involve land in Hendricks County with a combined purchase price of more than $430,000.

March 20, 2015

News Release

Indianapolis, Ind. — The Indianapolis Airport Authority (IAA) has garnered two more land deals as part of its initiative to place more than 1,200 acres back into the market. New development on airport land will add to the property tax rolls and help create jobs in our community. The latest land sold consists of two parcels in Hendricks County with a combined purchase price of more than $430,000. The two sections of land are located in the southwest corner of I-70 and State Road 267 and in the southwest corner of Washington St. and Ronald Reagan Parkway.

Today, the IAA Board voted on and approved both transactions.

In January, the IAA sold its first piece of land as part of this initiative with a purchase price of $8.0 million. The purchased land consists of approximately 80 acres and is also located in Hendricks County.

“The IAA is moving forward with this initiative and developing long term partnerships with entities who share the same goal of creating jobs and benefiting the local economy and the communities IND serves,” said Eric Anderson, IAA property director. “We are really excited about the progress of this initiative and have been a part of some really great discussions about ideas for future development around the airport.”

On Feb. 27, 2015, the IAA issued a Request for Qualifications (RFQual) for real estate brokers interested in the 645 acres of land that IND plans to return to the local market. On March 31, 2015, the IAA will issue a Request for Proposals (RFP) for Master Developers interested in the land that will be made available for development, which includes prime properties surrounding the old terminal and also along Washington St.

To learn more about the land use initiative 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, 2013 and 2014 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 it 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 140 daily flights to 39 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

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