The town of Merrillville has a buyer for the former Fieldhouse facility in a deal valued at $3 million. Our partners at The Times of Northwest Indiana report the town’s redevelopment commission has approved a purchase agreement for the vacant building in the Ameriplex at the Crossroads business park.
Town officials haven’t yet named the buyer, but there is excitement about the entity that plans to occupy the 53,000-square-foot building. Town Attorney Joseph Svetanoff said Merrillville hopes to close on the sale as soon as possible.
The publication says the building has been vacant for years. In 2014, Merrillville leaders decided to purchase it for $3.2 million to attract a Korean pharmaceutical company to the municipality.
While the company leased the site for years, it never moved forward with plans to occupy the building.
The town plans to pay off the bond issue that was used to purchase the property once the sale is finalized. The paper says Merrillville still owes about $950,000 on the bond issue.