Fishers banquet hall set for sheriff's sale; owner cites 'technical problem'

June 26, 2014
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A stand-alone banquet and conference center in Fishers is scheduled to go on the block at a July 17 sheriff’s sale, but its owners say that’s a mistake they hope to resolve before then.

Cincinnati-based First Financial Bank filed a foreclosure lawsuit in November, claiming Fishers Conference Center LLC had defaulted on its loan. In April, Hamilton Superior Judge Steve Nation awarded the bank a $1.3 million summary judgment.

“The note is current and was when [the foreclosure] was filed,” said Dan Kincaid, president of sister firm Kincaid Realty Associates. “It’s a technical problem.”

He said the issue relates a personal guarantee Kincaid’s father, Donald, made for the loan before he died in 2008. Kincaid said the family-owned firm is contesting the judgment, and the conference center continues to operate.

First Financial’s attorney did not return a call from IBJ.

Located at 9779 North by Northeast Boulevard, the newly renamed Fishers Banquet & Conference Center opened in 2006, offering 4,200 square feet of meeting space within walking distance of four hotels just east of Interstate 69. (The Kincaids also have an ownership stake in the Hilton Garden Inn next door, but the facilities are not connected.)

General Manager Camille Keys said business is booming, with five to eight events scheduled every week. Saturdays are booked solid through the end of the year, she said, the 2015 calendar is filling up fast.

“It’s not a financial situation,” she said of the legal proceeding.

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  • Uh Oh
    Was this one of your loans?
  • Reunion
    We have a reunion scheduled in September. Wonder if I need to look elsewhere!
    • Come on Fadness!
      Scott this is a Fishers buisness in finicial need. Reach deep into Fisher tax payers pockets and use a TIF to bail them out. The only losers in the TIF game is the HSE school district. Think of this as investment in your next campaign for mayor. Scott you will not be able to win the next election if your supporters such as Eric Pethel only give 50$. Bail them out with a TIF. Tear down the library. Or better yet Sunblest apts need updated tear them down too. If residents don't want to leave do what you have done in the past "threaten eminent domain". Make sure to use your catch phrase this is good for downtown Fishers. Make this buisness move downtown and instant second term mayor.
      • RE: Teresa
        Teresa, How large is the reunion? What type of reunion? You have options in Fishers...
      • U hit the nail on the head
        His the next Charlie white Or how about Shawn Ogrady, one of the members of the good old buddy club spending $ like crazy Or the 20 something Dpw head I could go on all night Maybe 12% of the people will vote next time instead of 9%
      • Doesn't add up
        If the note is and was current, then why would the judge have awarded 1.3 million? Something doesn't add up in this story. It would have been interesting to see a little more depth in the research so as to not leave people asking if they should walk away from supporting a business in Fishers.

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