The city of Greenwood plans to help with financing on a Cabela's store at the southeast corner of Interstate 65 and County
Line Road. 
The Nebraska-based outdoors retailing giant has a deal to buy 104 acres at the intersection, including
25 acres for the chain's second Indiana location and the rest for other development including at least two hotels, a water
park and upscale restaurants, said Greenwood Mayor Charles Henderson. "It's a great company and a great store," he said. Henderson
said Greenwood will issue $18 million in economic development bonds, with Cabela's guaranteeing repayment, to get the project
off the ground. The development would be built across I-65 from Gander Mountain, between I-65 and Arlington Avenue (Graham
Road). The city plans to widen Arlington to five lanes in anticipation of the project. Cabela's is slated to open in the fall
of 2008. Its first Indiana store is scheduled to open in October of this year in Hammond.
The Nebraska-based outdoors retailing giant has a deal to buy 104 acres at the intersection, including
25 acres for the chain's second Indiana location and the rest for other development including at least two hotels, a water
park and upscale restaurants, said Greenwood Mayor Charles Henderson. "It's a great company and a great store," he said. Henderson
said Greenwood will issue $18 million in economic development bonds, with Cabela's guaranteeing repayment, to get the project
off the ground. The development would be built across I-65 from Gander Mountain, between I-65 and Arlington Avenue (Graham
Road). The city plans to widen Arlington to five lanes in anticipation of the project. Cabela's is slated to open in the fall
of 2008. Its first Indiana store is scheduled to open in October of this year in Hammond.
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Nice win for Greenwood. And smart, smart, smart to give the incentives to get this going. It will pay off many times over.
If I recall properly, Gander Mountain was actively lobbying government not to pick winners and losers in retail shopping by giving its competitor taxpayer incentives.
On the whole, I would also prefer that government not pick winners and losers in the economy. But on the other hand, it can be good for government to support a specific piece of development because of the other development it can create.
http://nwitimes.com/articles/2006/01/07/news/top_news/27d0022da099424c862570ef0000d706.txt
I vote for IKEA!