Subsidy 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: 
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