INDIANAPOLIS (AP) – The consumer review service Angie's List wants Indianapolis taxpayers to spend up to $18.3 million to help boost its expansion plans in the city.
The Indianapolis Star reports (http://indy.st/1CrEuYx ) Angie's List promises to spend $40 million on the expansion that it says would add 1,000 new jobs and shift 800 more workers to its near east side headquarters.
Indianapolis would in return 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 Ford assembly plant that's part of the company's expansion plans.
A City-County Council panel was scheduled to consider the request Monday evening to invest taxpayer money in the company, which has turned only one quarterly profit in 20 years.
