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Infosys US Education Center (2020)

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Project

On December 9, 2019 the City County Council unanimously approved Special Ordinance No. 14 ( Proposal 397, 2019) approving the issuance of $45 million in Airport TIF Revenue Bonds for costs of financing the property acquisition, infrastructure and parking garage for the Infosys U.S. Education Center Since at former airport site. Two series of bonds, 2020Bs (tax-exempt) and 2020Cs (taxable) were issues in 2020 secured by a pledge of the Airport TIF. As part of the Infosys U.S. Education Center project, Infosys has committed to 2,000 jobs by 2021 including it's tech and innovation hub in Downtown Indianapolis. The 125 acre campus with 786,000 sq. ft of facilities will return the property to tax rolls since it's vacancy in 2008. The term of the bonds are five years.