Transformative project requires more public transparency: Report

An investigative report by the Arnolt Center for Investigative Journalism and the Indiana Capital Chronicle reveals that Indiana has invested nearly $1 billion in the LEAP Research and Innovation District, a project spearheaded by the Indiana Economic Development Corp. (IEDC). Despite attracting significant investments, such as Eli Lilly’s $13 billion facility, the IEDC has faced criticism for its lack of transparency and refusal to disclose its full budget, citing proprietary concerns. This secrecy, compounded by unchecked land acquisitions and water management issues, has raised alarms about the project’s long-term impact on the state’s resources and finances, writes the Journal Gazette.

One of the most pressing concerns involves the LEAP district’s demand for large-scale water withdrawals, which has prompted new legislative efforts to regulate water transfers. Lawmakers, including Rep. Ed DeLaney, have voiced concerns over inflated land prices and risky investments without proper oversight. While some, like House Speaker Todd Huston, remain optimistic about the project’s potential, critics argue that the IEDC’s secrecy undermines public trust. To ensure accountability and protect public resources, stronger oversight mechanisms are needed to balance the economic benefits with fiscal and environmental responsibility.