`

Sports complex developer confirms financing woes

November 6, 2014

A developer that planned to open a $22 million hotel and indoor sports complex in Greenwood has officially suspended those plans after failing to find funding.

Sarasota, Florida-based GoodSports Enterprises Global, which planned the facility at the southeast corner of Interstate 65 and County Line Road, made the announcement Wednesday.

IBJ reported Sept. 16 that the project was in jeopardy because GoodSports had failed to secure financing.

GoodSports also said Wednesday that it was suspending plans for a similar project in Huber Heights, Ohio. It said it still planned to go ahead with a GoodSports Village in Wichita, Kansas.

GoodSports eventually would like to build 25 youth sports complexes across the country, but has yet to start construction on the first one.

In a written statement, the company said it “stepped away from its funding partner," in April "when it became apparent interests no longer aligned.” It has been “working with several groups and individuals to secure a strategic long-term financial partner” since then without success.

GoodSports had targeted 11 acres of a 33-acre parcel of farmland for the Greenwood project, near where an $18 million interchange is set to be constructed next year. The land is on the market for $46,000 per acre, or roughly $1.5 million.

The project was to include a 124-bed hotel and an attached 85,000-square-foot fieldhouse with six full basketball courts, 12 volleyball courts and bleacher seating for 600 spectators. A fitness center, restaurant and bar were also are part of the plans.

The site was once targeted for a Cabela’s sporting goods store, but the retailer abandoned plans amid the recession.






 

ADVERTISEMENT

Recent Articles by IBJ Staff

Comments powered by Disqus