A proposal to transform an old mall property into a $12 million multi-sport complex has cleared a key hurdle. Our partners at The Times of Northwest Indiana report the Hammond Redevelopment Commission has approved more than $2 million for the 16-acre former Woodmar Mall site. The money will cover the settlement of foreclosure actions by Wells Fargo Bank and a lawsuit concerning unpaid work by Goshen-based Rieth-Riley Construction Co. Inc.
The bulk of the payments from the city will pay for a mortgage lien involving Wells Fargo. Some money will also go to Bon-Ton Department Stores Inc., which owns the Carson Pirie Scott department store still located on the property, for repair reimbursement.
The publication reports the city could close on the property purchase by the end of the month.
A $12 million sports facility has been floated as a long-term potential use of the property for a year. The Times says the commission picked Illinois-based Madison Construction as the designer in January. Plans for the complex include two indoor soccer fields and basketball/volleyball courts.
You can connect to more about the proposal and possible funding by clicking here.