INDIANAPOLIS (AP) – A City-County Council panel has postponed a proposed $18.5 million tax incentive to help the consumer review service Angie's List boost its expansion plans in Indianapolis.
The Metropolitan and Economic Development Committee decided Monday to delay a vote until next month. Councilman Zach Adamson tells The Indianapolis Star the delay will give the company more time to put together its sale pitch.
Angie's List officials announced in October a $40 million plan to expand its headquarters on the Near Eastside, hire 1,000 employees and relocate 800 others.
In turn, the company has asked the city to spend $2 million on streets and infrastructure, and up to $16.3 million in tax-increment financing funds to build a parking garage and move a school warehouse from an old assembly plant that's part of the company's expansion plans.