- Associated Press - Tuesday, March 3, 2015

INDIANAPOLIS (AP) - The City-County Council has pushed back a vote on a package of tax incentives for online rating service Angie’s List to expand its Indianapolis headquarters.

The Indianapolis Star (http://indy.st/1zELgVF ) reports the $18.5 million incentive package was sent back to committee, getting delayed a second time after residents expressed concern about the company’s profitability.

Angie’s List has never had an annual profit. But last month it reported its second quarterly profit in its 20-year history.

The company would invest $40 million to convert a century-old former Ford assembly plant into office space. It says the project would create space for about 800 current and 1,000 new employees.

Officials with Angie’s List have said the proposal isn’t possible without government help. About $9.6 million of the $18.5 million bond from Indianapolis would go to street improvements and a parking garage to be owned by the company. Another $6.75 million would go to moving a school warehouse from the Ford building.

The city’s bond would also provide for $1.55 million in issuance costs and $600,000 in contingencies. The state government has agreed to chip in $6.5 million in tax credits, as well as $500,000 in training grants.

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Information from: The Indianapolis Star, http://www.indystar.com

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