Panel delays $18.5M tax incentive for Angie's List expansion

INDIANAPOLIS (AP) - A City-County Council panel has postponed a proposed $18.5 million tax incentive to help the consumer review service Angie's List boost its expansion plans in Indianapolis.

The Metropolitan and Economic Development Committee decided Monday to delay a vote until next month. Councilman Zach Adamson tells The Indianapolis Star (http://indy.st/1tkbXCr ) the delay will give the company more time to put together its sale pitch.

Angie's List officials announced in October a $40 million plan to expand its headquarters on the Near Eastside, hire 1,000 employees and relocate 800 others.

In turn, the company has asked the city to 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 assembly plant that's part of the company's expansion plans.

___

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