After 18 months of negotiations, the City of Fishers has reached a long-term agreement with the Indianapolis Airport Authority to establish a new AgriPark on 36 acres of airport-owned land.

The 20-year lease includes an option to extend for an additional 10 years. Under the agreement, the city will pay a monthly lease rate of $6,534, with adjustments tied to the Consumer Price Index every five years. City officials say the AgriPark is expected to open in 2027.

Mayor Scott Fadness says this is a “pretty passive AgriPark.” He describes the physical changes to the space as “not overly significant.”

According to Fishers Director of Recreation and Wellness Jake Reardon-McSoley, initial plans call for walking trails throughout the site, a gravel parking area to provide public access, and a metal pole barn to support agricultural activities.

The Fishers Board of Public Works and Safety approved the lease agreement at its Tuesday morning meeting, clearing the way for the project to move forward.