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MegadealsSubsidy Tracker Individual Entry
Company: Simon Property Group
Parent Company:
Simon Property Group
Subsidy Source: local
Location: Indiana
City: Indianapolis
Project Description: Circle Centre downtown shopping mall
Year: 1988
Major Industry of Parent: real estate
Specific Industry of Parent: real estate
Subsidy Value: $187,000,000
Program Name: tax increment financing
Awarding Agency: City of Indianapolis
Type of Subsidy:
MEGADEAL
Source of Data: The subsidy value came from: "City-aided projects," Indianapolis Star, July 28, 2000. See also "Simon says, city does," Indianapolis Business Journal, April 20, 2009.
Notes: The city initially issued $187 million in tax-increment bonds for the redevelopment district in which Circle Centre was built. It was later refinanced with a $293 million bond issue, some of which went for other purposes. Simon was general manager of the project. Overlaps with main Subsidy Tracker data: none.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.