A city-county council committee is set to hear public testimony Wednesday on Indianapolis Mayor Greg Ballard’s plan to issue $98 million of bonds for a mixed-use development, which includes a new corporate campus for Eli Lilly and Co.

The Economic Development Committee is scheduled to consider the borrowing proposal at its 5:30 meeting. The meeting is for public testimony only and no vote is expected. Under the current plan, Indianapolis would float up to $98 million of tax-increment financing bonds to fund construction of a new campus for the pharmaceutical giant, which is the city’s largest private employer.

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