A committee of the Indianapolis Marion County City-County Council Wednesday approved Mayor Greg Ballard's plan to issue up to $98 million of bonds to support construction of a new Eli Lilly & Co. campus. The full council will consider the measure Feb. 28.

If approved, the city will consider issuing the bonds March 16 or 17, a city official said. 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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