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LEAP Project Development | Public Private Partnerships Continue

The LEAP project in Lebanon, Indiana, has sparked significant debate regarding its potential impact on taxpayers. The project, spearheaded by the Indiana Economic Development Corporation (IEDC), aims to attract major investments, including a total of $13 billion dollars worth of investments from Eli Lilly, with hopes of securing additional tech and semiconductor firms. So far, approximately $972 million in taxpayer funds have been committed, largely for land purchases and infrastructure preparation. However, concerns have arisen over additional costs, particularly for water supply infrastructure, as Boone County lacks sufficient water to support the anticipated industrial demands. The proposed solution, a 50-mile water pipeline from Tippecanoe County, could cost up to $2 billion. Critics worry that utility customers might bear the financial burden through increased rates. Supporters, such as Lebanon Mayor Matt Gentry, argue that the project could provide long-term economic benefits by ...