The Brownsburg Town Council met Aug. 26 for a regular meeting and approved several developments, two with opposition from residents.
What it means: The two commissions will bond $4.5 million to F&C Development to build what is commonly called the Arbuckle II Commons Allocation area. The developer-backed bond will assist in the construction of a multi-use building of retail and apartments. The land is north of the existing Arbuckle Commons Phase I development along Green Street.
What happened: After a 25-minute public hearing, the council approved the second reading of a resolution determining an economic revitalization area and a 10-year tax abatement for an industrial development at the northwest corner of County Road 400 N and Ronald Reagan Parkway.
What it means: This is the next to the last step for a 564,000-square-foot building for an unnamed tenant. The developer is BLC Development who will invest $37.7 million on the building that is slated to create 159 jobs with an average wage of $19.78 per hour.
Residents argued the land should not be zoned and allow industrial development because of its close proximity to residential. This is the same land that was in question for another development called Project Aisle that failed because of height restrictions.
Town council members said the parkway has always been designated for this type of development and the need to balance taxes spread over commercial and residential.
What happened: Council approved a similar tax abatement after a public hearing on property on the northeast corner of County Road 400 N and Ronald Reagan Parkway, basically across the street.
What it means: The same residents spoke against the development of this corner for the same reasons, and council passed it with the same reasons. The development is also a project of BLC Development to construct a 250,000-square-foot building for an investment of $16.7 million with the possibility of 81 jobs.
What it means: Holladay Properties is looking to build a 50,000-100,000 square foot spec building with an estimated investment of $7 million. The building is expected to create 50 jobs with an average wage of $15-$19 an hour. It will generate more than $1 million in taxes over 10 years. No one came forward for the public hearing. The size of the building is still being determined because the intersection is up for an overhaul with some sort of roundabout or dog bone configuration.
What happened: Council approved an additional appropriation for the design of a traffic light at South Northfield Drive and Hornaday Road.
What it means: Council members have heard of at least 10 motor vehicle accidents with injury at this intersection and would like a stoplight put in. The design and construction of a traffic light was faster than a roundabout by at least 18 months.