Cabela's getting $18M in city bonds

June 11, 2007
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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. Cabela’sThe 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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  • Smart move by the Greenwood city leadership. A single Cabela's store is like getting the economic impact of a whole shopping mall at a far lower investment - $18mm in this case. These stores bring people in from far and wide to shop. Lots of out-of-towners (and North Siders like me!) will pay visits to Greenwood now. These stores also spur lots of other development - the hotels already mentioned are a great start. I've seen it over the years around the store they built in Owatonna, MN.

    Nice win for Greenwood. And smart, smart, smart to give the incentives to get this going. It will pay off many times over.
  • If only Indianapolis would get smart and widen South Emerson Ave, not only to attract new businesses like Greenwood, but alleviate the mess Emerson Ave South of Southport Road has become. A 2 lane Emerson Ave is a traffic nightmare. Smart move on Greenwood's part to put in the correct infrastructure beforehand. Thumbs up to Johnson County and Thumbs down to Marion County.
  • Wasn't there a huge dispute in northwest Indiana over the wisdom of providing Cabela's economic incentives for such low paying retail jobs?

    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.
  • As I recall, the dispute up in NW Indiana was about State money. And I think Cabela's was asking for more than what the state usually offers based on numbers of jobs created, etc.

    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.
  • Am I the only person on the planet who does not know what Cabela's is? So does this mean that the Northside will get an IKEA? Just a thought....while we're talking retail tourist attractions.
  • LadySales, you can bet your bottom dollar that if an IKEA does ever come to Indy, it will be on the Northside.
  • Did Gander Mountain STIF Cabela's?

    http://nwitimes.com/articles/2006/01/07/news/top_news/27d0022da099424c862570ef0000d706.txt
  • Sophia, IKEA likes less than obvious places for their locations. So, what do you think - Noblesville? Especially after this whole Hamilton Town Center.
  • IKEA IKEA IKEA
    I vote for IKEA!
  • LadySales, someplace off of I69 would be a perfect location for an IKEA or maybe even off of I65 in the new Anson development in Lebanon. An urban IKEA in downtown would be wonderful, but our city leaders are too stupid to ever let that become a reality.

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  1. I took Bruce's comments to highlight a glaring issue when it comes to a state's image, and therefore its overall branding. An example is Michigan vs. Indiana. Michigan has done an excellent job of following through on its branding strategy around "Pure Michigan", even down to the detail of the rest stops. Since a state's branding is often targeted to visitors, it makes sense that rest stops, being that point of first impression, should be significant. It is clear that Indiana doesn't care as much about the impression it gives visitors even though our branding as the Crossroads of America does place importance on travel. Bruce's point is quite logical and accurate.

  2. I appreciated the article. I guess I have become so accustomed to making my "pit stops" at places where I can ALSO get gasoline and something hot to eat, that I hardly even notice public rest stops anymore. That said, I do concur with the rationale that our rest stops (if we are to have them at all) can and should be both fiscally-responsible AND designed to make a positive impression about our state.

  3. I don't know about the rest of you but I only stop at these places for one reason, and it's not to picnic. I move trucks for dealers and have been to rest areas in most all 48 lower states. Some of ours need upgrading no doubt. Many states rest areas are much worse than ours. In the rest area on I-70 just past Richmond truckers have to hike about a quarter of a mile. When I stop I;m generally in a bit of a hurry. Convenience,not beauty, is a primary concern.

  4. Community Hospital is the only system to not have layoffs? That is not true. Because I was one of the people who was laid off from East. And all of the LPN's have been laid off. Just because their layoffs were not announced or done all together does not mean people did not lose their jobs. They cherry-picked people from departments one by one. But you add them all up and it's several hundred. And East has had a dramatic drop I in patient beds from 800 to around 125. I know because I worked there for 30 years.

  5. I have obtained my 6 gallon badge for my donation of A Positive blood. I'm sorry to hear that my donation was nothing but a profit center for the Indiana Blood Center.

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