LEBANON, Ind — The Lebanon City Council is considering a request to annex another 642 acres for the LEAP Lebanon Innovation and Research District.
According to our partners at The Lebanon Reporter, the current acreage is divided among 43 parcels that are voluntarily offered by property owners. According to the Indiana Economic Development Corporation (IEDC), each one is within the area designated for the district.
The district comprises of 8,000 to 9,000 acres.
IEDC is buying some land and getting more under contract while marketing the land as a "high-tech" or "hard-tech industrial park" for "innovative users".
The LEAP District's anchor tenant, Eli Lilly and Co., is building a 600 acre complex with two manufacturing sites on the north side of Lebanon.
According to The Lebanon Reporter, the latest 642 acres would not increase the district's borders substantially, but it would fill in gaps where landowners didn't want to sell.
The 642 acres would give the IEDC majority control of the district.
The council is expected to vote on the annexation on Oct. 10 at 7:30 p.m. at the Lebanon Municipal Building.