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May 17, 2021

10/6/2009
"Point Men" Fired Up! Ready To Go!
According to a report in the Monday, October 5, 2009 edition of The Shelbyville News, local officials will be presenting arguments to the Indiana Economic Development Corporation soon in an attempt to get Intelliplex Park recertified as a state certified tech park. Shelbyville's mayor and Major Hospital's CEO will be "point men" in that effort. The newspaper article follows:

Seeking growth

Local officials preparing case for Intelliplex recertification

By Ron Hamilton - The Shelbyville News Staff writer

Intelliplex Park officials are now in the process of preparing their case for recertification and plan to present it to state officials sometime before the end of the month.

"There is no set deadline for our presentation," said Shelbyville Mayor Scott Furgeson. "We've been told by members of the Indiana Economic Development Corp. that we have until the end of the year."

Furgeson said he and Major Hospital CEO Jack Horner will be the "point men" in an effort to get the certified technology park out of probation and recertified for another four years.

Two years ago state officials, unsatisfied with the park's economic progress, placed it on a two-year probation and imposed several conditions for recertification. Park officials were told to build a high-tech laboratory facility and create 50 high-paying jobs within two years. Although the spec building and jobs have not been forthcoming, park officials have blamed the recent bad economic conditions and are optimistic that state officials will agree.

"In the last two years, we've created 30 new jobs paying above state technology wages," Horner said. "That is a 60 percent success rate, and that's pretty good considering how bad the economy has been. And our $44.8 million in total investments stacks up very well when compared with the other parks around the state." Horner added that, in all, Intelliplex Park has created 259 total jobs with an average annual wage of $49,191 - or $23.65 per hour.

Furgeson said he and other park officials met with IEDC representatives several weeks ago to find out more specifically the kind of information the state will be requiring. "They were very helpful in letting us know what they wanted from us," Furgeson said. "We're confident that the IEDC will take the recent bad economy conditions into consideration and recertify us for another four years."

According to IEDC media spokesperson Blair West, the probationary period for the 141-acre park is expected to expire at the end of the calendar year.

"We have been working very closely with Intelliplex representatives," West said. "We want to be helpful in every way we can. As yet, no determination has been made as to the recertification of the Intelliplex Park site."

Created in 2003, Intelliplex Park is one of the state's 18 CTPs. It is modeled as a nonprofit partnership among the city of Shelbyville, Shelby County and Major Hospital. The hospital owns the land and has set aside nearly 30 acres for the landlocked facility's eventual relocation to the park.

Each year the city and the county contribute $125,000 in Economic Development Income Tax funds to the park, which is the only state CTP with direct interstate access to Indianapolis and Cincinnati.

According to IEDC assistant vice president Ryan Asberry, one of the financial advantages of CTP's is that they become eligible for state grants. Intelliplex originally received a $1.2 million state grant to build its Conference Center, he said. "Cities are able to recapture income and sales taxes from the parks that normally would go to the state and reinvest them in the land, infrastructure or other needs of the park," he explained.

Intelliplex promoters have praised the park's fiber optics, video conferencing, telecommunication services, early incentive programs and the opportunity for tenants to choose between ownership or leasing. They also point to the recent announcement of a proposed nearby Purdue-sponsored equine center as proof that the park is on the cusp of success.

Park critics, however, have pointed to the park's lack of development, its disappointing promotional efforts by noted worldwide real estate marketing firm Richard C. B. Ellis and its failure to attract high-tech industries and good-paying jobs.

"Intelliplex Park deserves a chance to achieve its goals of job creation without the negative cloud of another period of probation hanging over its head," Horner said.

(Article content copyright The Shelbyville News)



Reader Comments

Posted: Friday, October 9, 2009
Article comment by: Mayor Mac

In 2007 Bob Carmony and Mayor Scott told me during my run for Mayor, that they welcome an audit of the Intelliplex. I ask them again to live up to their word.

Posted: Tuesday, October 6, 2009
Article comment by: Mike Carpenter

WOW lots of questions! Where to begin? Here goes. Where are the 30 new jobs mentioned by Mr. Horner and which employers hired them? Were these jobs transplanted from other locations within the community? Will Mr. Horner or the Mayor inform the Indiana Economic Development Commission that these 30 jobs were RELOCATED to Intelliplex Park?
Why is the park considered 141 acres instead of the 90 acres marketed by C.B. Richard Ellis? Isn't it true that the 51 acres not advertised for sale by C.B. Richard Ellis was never intended to be sold because it was saved to become the future hospital complex? So, why is the hospital going to receive $1.2 million by the Shelbyville Redevelopment Commission, more than what they paid for the 90 acres that they are offering the general public for purchase? Is it fair or logical for the Shelbyville Redevelopment Commission to give the recaptured sales and income taxes to the hospital for LAND SALE REPAYMENT when 51 acres will be retained by the hospital for their own use? Ryan Asberry, Asst. V.P. of the Indiana Economic Development Corporation, indicated that the funds could be used to re-invest in infrastructure which could include an option to reimburse the city and the county for their EDIT dollars thus far spent.
Note, during the life of the tech park program, the total value of the recaptured state sales and income taxes is capped at $5 million. Shelbyville Redevelopment Commission Resolution 2005-05 gives $3.9 million and change, to the hospital. Mr. Horner is absolutely right about another period of probation hanging over it's head. If the IEDC refuses to grant another recertification, the hospital board won't be concerned with any probations and will be perfectly justified in charging $100,000 per acre per the C.B. Richard Ellis website, perhaps more, if they can find a sucker.
If a horse hospital which may have to deal with animal carcasses, is located next to Trotter Chase, how many land owners will remember why the name Bausback Rendering Company is still a stinky memory in Shelby County history?
Finally, will anyone locally suggest to the IEDC that they, too, should ask Mr. Horner and the Mayor these questions?


Posted: Tuesday, October 6, 2009
Article comment by: Doc

259 new jobs averaging$49,000 a year? Horseshit!

Posted: Tuesday, October 6, 2009
Article comment by: Isaiah

I think most people know what this is probably going to come down to. A well-placed phone call from a VILL (Very Important Local Lawyer) to someone high in state government. Maybe even the Top Dog himself, Mitch.

This project should have zero chance of being recertified, but it could happen.




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