The company that received the contract from the city of Indianapolis to demolish the Keystone Towers apartment complex also has submitted the low bid to raze the former Winona Hospital.
Indianapolis-based Denney Excavating submitted a bid of $695,289 to demolish the Winona building at 3232 N. Meridian St.
Overall, the city received nine bids, which were due on Tuesday. The city is set to award a contract on Thursday.
Dore and Associates of Bay City, Mich., submitted a high bid of $3.8 million.
The successful bidder will have 90 days to complete the demolition and clean up of the site.
The 317-bed hospital building at Meridian and 32nd streets opened in 1956 and closed in 2004 after owners declared bankruptcy. In October 2009, it was listed—along with its unpaid tax bill of nearly $1 million—in the Marion County Treasurer’s tax sale.
A March 2010 deadline to submit a bid to purchase the former hospital from the city failed to attract a single offer. The property was listed for $667,500.
The city now can enter into a redevelopment agreement without seeking public bids.
The city is using an $8 million federal grant from the Department of Housing and Urban Development to pay for the both Keystone Towers and Winona demolitions. It budgeted $2 million for each project.
Denney won the contract to demolish the vacant Keystone Towers with a bid of $827,000. It was imploded Aug. 28.