Indiana Economic Development Corp. won't pay property taxes on 9,000 Boone County acres, but the county may gain in the long-run
Indiana purchased 9,000 acres in Boone County exempt from property taxes due to state and non-profit status. The development aims to attract high-tech companies, like Eli Lilly, to the LEAP Lebanon Innovation and Research District. The state projects long-term gains but creates a tax burden for the county.