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Cabela's puts Greenwood property up for sale

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Cabela’s is selling the land on which it had planned to build a store in Greenwood.

The Sidney, Neb.-based outdoor-recreation retailer has retained Hilco Real Estate LLC of suburban Chicago to sell the 96-acre site at County Line Road and Interstate 65, Hilco said Tuesday. No asking price was disclosed.

Cabela’s announced in July that it would no longer pursue plans to build a 125,000-square-foot store at the site that would have anchored a development including at least two hotels, a water park and upscale restaurants.

Cabela’s cited economic reasons, including a challenging retail environment, for its decision to scrap the project.

In marketing the site, Hilco cited a retention pond, installation of sewer lines and the availability of electricity as improvements already made to the property. In addition, Graham Road to the east of the property is being expanded to five lanes, and will grow to seven lanes at County Line Road.

“In many ways, this is a turn-key solution for developers who want to piggyback on the development that has already taken place in this sub market,” Josh Joseph, a senior vice president of Hilco, said in a written release.

The city of Greenwood had planned to issue $18 million in economic development bonds, with Cabela's guaranteeing repayment to get the project off the ground.
 

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  • Disappointed
    My husband and I were very disappointed when Cabelas pulled out,It would be a great place ,we don,t have anything that nice close to Indianapolis and our property practicly was right next to it, so that was rather disappointing. It sure dropped the value of our little 2 acres. Sure wish they wuold change there mind. There were a lot of people excited about Cabelas, including a lot of people in Ky, were waiting for it.

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  1. Saw the Indy Men's Chorus "Music of Gilbert & Sullivan" at the Indiana Historical Society on Sunday evening.

  2. Temporary workers are not "tools" they are people and companies that keep large amounts of temp staff are cheating.

  3. I miss having them around. I hope one of their stores is in the general Meridian/86th Street area. I will make good use of it.

  4. The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.

  5. I remenber, watching the toll road, being built, through South Bend, when I was 10 years old. I believe, back then that it was estimated, that the toll road, would be paid for in 20 years and then it would be free. I am now 71, what happened? Since the power is in the people, by that, I mean that, we the people are in total control of everything. I, suggest that no one ever use the toll road again, let it go broke. We the people can control the price of everything, from groceries to gas, if we would just do it. If we don't pay the asking price, the sellers will lower the price and if we wait awhile, they will lower the price to what we accept as reasonable. I would like to know why a highway like interstate 94, is so well maintained, a much better highway, than the toll road, but has no tolls. I would also like to know why, a sitting governor, with a term limit, maximum of eight years, can lease, public property, for 75 years. Even though I have transponders in both of my trucks and will not be affected by the increase, I have been and will contine to avoid using the toll road. I make many trips from northern Indiana to Chicago, every year, and I prefer the better highway, I94!

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