Indianapolis Airport Authority to offer 320 acres of surplus land at auction Saturday, Oct. 24

INDIANAPOLIS, 2015-9-25 — /Travel PR News/ — The Indianapolis Airport Authority (IAA) will offer approximately 320 acres of surplus land at auction Saturday, Oct. 24, with Schrader Real Estate and Auction Company conducting the auction in cooperation with Colliers International.

The auction will include residential development land, productive farmland, residential building lots and industrial/commercial sites. The land will be sold in tracts to enable the largest possible number of prospective buyers to participate. Bidders will be able to bid on just those tracts that suit their needs. Some may seek one or two tracts and others may wish to buy all of the land.

This is land that the IAA no longer needs for aviation use, so it is putting the land on the property tax rolls and back into productive use for the community.

The land will sell divided in 30 tracts from seven different locations.

  • Stanley Cove: Approximately 35.11 acres — including platted lots and undeveloped land — in the Stanley Cove neighborhood.
  • Former Speedway Airport: 141.26 acres selling in two tracts on either side of Ronald Reagan Parkway, less than a half mile south of Lucas Oil Raceway.
  • Flynn Road Property: 12 tracts south of the Pepsi facility in Ameriplex Business Park.
  • Millhouse Road Property: Approximately 14 acres of mostly wooded land, off Mendenhall Road and east of Kentucky Ave.
  • Lynhurst Drive Property: Four tracts ranging from 2.76 acres to 21.34 acres, located near the southeast corner of the Indianapolis International Airport.
  • Stafford Road Industrial Site: Approximately 0.67 acre in the Airwest Business Park.
  • AirTech Parkway Property: Wooded tract of approximately 11.66 acres on the west side of Ronald Reagan Parkway.

The auction will begin at 10 a.m. Saturday, Oct. 24, at The Palms Banquet and Conference Center, in Plainfield. Auction personnel will be available at The Palms from 1 to 3 p.m. Tuesday, Oct. 6, and Thursday, Oct. 15 to provide detailed information and accommodate inspections.

Those seeking additional information may visit iaasurplus.com or call 800-451-2709.

About the Indianapolis Airport Authority
The Indianapolis Airport Authority owns and operates Indiana’s largest airport system. In addition to the Indianapolis International Airport, its facilities include the Downtown Heliport, Eagle Creek Airpark, Hendricks County Airport, Indianapolis Regional Airport and Metropolitan Airport. IND has received numerous prestigious awards recognizing it as a leader within its class, including best airport in North America in 2010, 2012, 2013 and 2014 in Airports Council International’s annual Airport Service Quality awards. It has also been inducted into the ACI Director General’s Roll of Excellence, one of the few U.S. airports to be included in this elite group of worldwide airports. IND is the first airport in the U.S. to win LEED® certification for an entire terminal campus. LEED is a greenbuilding award for Leadership in Energy and Environmental Design. IND has won additional recognition for excellent customer service, concessions programs, and art and architecture.

IND generates an annual economic impact in Central Indiana of more than $4.5 billion without relying on state or local taxes to fund its operations. About 10,000 people work at the airport each day. IND serves more than 7 million business and leisure travelers each year and averages 140 daily flights, seasonally and year-round, to 41 nonstop destinations. Home of the world’s second-largest FedEx Express operation and the nation’s eighthlargest cargo facility, IND is committed to becoming the airport system of choice for both passenger and cargo service. For more information, visit IND’s Facebook page at Indianapolis International Airport and Twitter page at @INDairport.

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Angela Cain, IAA Director of Public Affairs Jeff Dutton, IAA Manager of Communications 317.487.5025 | mediarelations@ind.com Schrader: Carl Carter, 205-823-3273

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