Boone County Group Applauds LEAP Developments
The Boone County Preservation Group is applauding recent developments indicating that the Indiana Economic Development Corporation may be reconsidering the scope of its ambitious LEAP Research and Innovation District project. This shift aligns with the Preservation Group’s longstanding concerns about the project’s impact on local farmland and natural resources, as well as the lack of transparency with the community.
In a significant turn of events, the IEDC has placed two houses and their associated land back on the market – potentially at a financial loss. These properties were purchased as part of the LEAP project.
“This move suggests that the anticipated economic returns from the project may not materialize as expected,” said Group Member Brian Daggy. “It’s been more than three years, and the only confirmed LEAP tenant is Lilly. The fact that these properties are back on the market indicates a shift may be happening.”
Additionally, Governor Mike Braun has ordered a forensic audit of the IEDC and its affiliate, Elevate Ventures, in response to allegations of financial mismanagement and lack of transparency. As part of this investigation, all Elevate Ventures funds have been frozen and spending by the IEDC Foundation has been suspended.
“The Boone County Preservation Group and other community members have long raised concerns regarding the LEAP project and the lack of transparency around its finances,” said Group Member Jim Love. “Reckless growth also creates a strain on taxpayers of existing utilities. The Preservation Group has consistently advocated for responsible land development that prioritizes the preservation of the area’s agricultural heritage and natural resources. These recent developments suggest that the state is beginning to acknowledge the validity of these concerns.”
These recent events reinforce the Group’s belief that the government should not act as a property developer, and is not capable of the task.
“Fiscal responsibility and fiscal accountability are not built into the current IEDC model of development,” added Daggy.
While the Preservation Group supports thoughtful economic growth, they advocate for development that is transparent, fiscally responsible, and respectful of Boone County’s farmland, natural resources, and community identity—and will continue monitoring the situation to ensure these values are upheld.
For more information about the Boone County Preservation Group and its mission, please visit preserving-boone-county.org.