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Subsidy Tracker Individual Entry

Company: United Airlines
Parent Company: United Airlines Holdings
Subsidy Source: multiple
Location: Indiana
County: Hendricks
Project Description: airport maintenance hub
Year: 1991
Major Industry of Parent: airlines
Specific Industry of Parent: airlines
Subsidy Value: $298,000,000
Program Name: multiple
Awarding Agency: multiple
Type of Subsidy: 
Capital Investment: $800,000,000
Source of Data: The value of the subsidy package came from: Doug Sword, "City, state expect United to pay for unmet goals," Indianapolis Star, October 5, 2001. Other details came from: Karl Oxnevad, "United Airlines signs pact for Indiana plant," The Bond Buyer, November 22, 1991.
Notes: The state of Indiana, the city of Indianapolis and Hendricks County together put together the package to get United to build a new maintenance facility at Indianapolis International Airport projected to cost $800 million and ultimately employ 6,300. The state provided $171 million, including $15.5 million in cash and $156 million in bond financing through the Indiana Transportation Finance Authority. The city provided $11.5 million in bond financing through the city's Local Public Improvement Bond Bank. Local authorities also agreed to divert tax revenue to help service the debt. 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.