A Hammond-based trucking company that wants to relocate to Gary is in the final stages of acquiring two vacant schools in the city for redevelopment. Our partners at The Times of Northwest Indiana report the Gary Redevelopment Commission has accepted draft purchase agreements for Ivanhoe and Thomas Edison elementary schools.
The schools were purchased by Djuric Trucking Inc. The publication says last winter Djuric placed a $1.15 million bid for Edison and a $1.35 million bid for Ivanhoe. The firm is relocating to Gary because its current location is being taken for the South Shore Line’s West Lake Corridor project.
“We are now looking to enter into a final purchase and development agreement for both sites with Djuric Trucking, as it had previously been awarded by the commission,” said A.J. Bytnar, Gary’s executive director of redevelopment. “What this purchase and development agreement does is set the final purchase price for both the properties individually, as well as in combination.”
Last year, the city of Gary purchased six schools from the Gary Community School Corp. for $1, including Edison and Ivanhoe. Djuric says the Ivanhoe located has easy access to Interstate 80/94 and the Indiana Toll Road. The Edison location would be used as the trucking firm’s headquarters.