Council splits on tax abatements: 1415 Collins abatement retained, Southtech abatement terminated
July 06, 2026 | Greenwood, Johnson County, Indiana
This article was created by AI summarizing key points discussed. AI makes mistakes, so for full details and context, please refer to the video of the full meeting. Please report any errors so we can fix them. Report an error »
The Greenwood Common Council considered two resolutions seeking to terminate property‑tax abatements and reached different outcomes.
At a public hearing on Resolution 2607, Riley Dunar, real estate tax manager for EQT Real Estate, asked the council to allow an additional year for the property at 1415 Collins to meet abatement requirements. Dunar said EQT acquired the building in 2023, the prior long‑term tenant Pittney Bowes filed for Chapter 11 in 2024, and EQT has since signed a 12‑year lease with ResMed that will begin Aug. 1 and requires tenant improvements. After council discussion — during which members clarified that a "yes" vote would terminate the abatement and a "no" vote would allow it to continue for another year — the resolution failed on roll call; the clerk recorded the vote as 0 yays and 7 nays, so the abatement remains in place for now.
Shortly afterward, the council considered Resolution 2608 concerning Southtech Plan LLC, where Dunar said construction activity has begun and the new owner expects site work to start right away with building completion estimated in 2027. Citing delays tied to financing and market conditions, Dunar said the new owner nonetheless expects to proceed; the council voted 7–0 to terminate the abatement under Resolution 2608.
Separately, the council heard a presentation from Wester Brown (counsel for the applicant) and reviewed updated CF1 documentation regarding a development at 1055 North Graham Road (building A). Brown said market context and updated tenant data (Blue Triton reporting 42 employees at the location) brought the project close to the CF1 job targets; the council unanimously found the CF1 demonstration to be in substantial compliance.
The differing outcomes illustrate council discretion in abatement enforcement: members opted to give EQT/ResMed’s timeline additional runway while terminating an abatement for an owner that the council concluded was not meeting the investment timeline.
At a public hearing on Resolution 2607, Riley Dunar, real estate tax manager for EQT Real Estate, asked the council to allow an additional year for the property at 1415 Collins to meet abatement requirements. Dunar said EQT acquired the building in 2023, the prior long‑term tenant Pittney Bowes filed for Chapter 11 in 2024, and EQT has since signed a 12‑year lease with ResMed that will begin Aug. 1 and requires tenant improvements. After council discussion — during which members clarified that a "yes" vote would terminate the abatement and a "no" vote would allow it to continue for another year — the resolution failed on roll call; the clerk recorded the vote as 0 yays and 7 nays, so the abatement remains in place for now.
Shortly afterward, the council considered Resolution 2608 concerning Southtech Plan LLC, where Dunar said construction activity has begun and the new owner expects site work to start right away with building completion estimated in 2027. Citing delays tied to financing and market conditions, Dunar said the new owner nonetheless expects to proceed; the council voted 7–0 to terminate the abatement under Resolution 2608.
Separately, the council heard a presentation from Wester Brown (counsel for the applicant) and reviewed updated CF1 documentation regarding a development at 1055 North Graham Road (building A). Brown said market context and updated tenant data (Blue Triton reporting 42 employees at the location) brought the project close to the CF1 job targets; the council unanimously found the CF1 demonstration to be in substantial compliance.
The differing outcomes illustrate council discretion in abatement enforcement: members opted to give EQT/ResMed’s timeline additional runway while terminating an abatement for an owner that the council concluded was not meeting the investment timeline.
View the Full Meeting & All Its Details
This article offers just a summary. Unlock complete video, transcripts, and insights as a Founder Member.
✓
Watch full, unedited meeting videos
✓
Search every word spoken in unlimited transcripts
✓
AI summaries & real-time alerts (all government levels)
✓
Permanent access to expanding government content
30-day money-back guarantee
