Westfield-based developer Klipsch-Card Athletic Facilities LLC has received approval to build a $14 million sports and health center in Pendleton, town officials announced Friday.
The Pendleton Council approved the project Thursday night, along with a $3.2 million incentive package to help encourage the development.
The 115,000-square-foot building will include space for eight tennis courts, gymnastics, weight training, yoga and wellness. A café and day care facilities also are part of the plan.
The facility will be the third major project for Klipsch-Card, which owns the $10 million Pacers Athletic Center (formerly Jonathan Byrd's Fieldhouse) at Grand Park in Westfield and is developing the $15 million Noblesville Fieldhouse at Finch Creek.
The Pendleton project will be built in Falls Pointe Business Park, east of Interstate 69 and south of State Road 38.
The incentive package, according to the Pendleton Times-Post, includes 25 acres of donated land from the town, $1 million for construction costs, and $1.45 million paid in 180 monthly installments of about $8,000 each.
A study performed by the town’s accountant estimated the development, when completed, would produce more than $275,000 in annual property taxes, more than paying for the incentives.
Anderson Gymnastics is expected to take about 14,000 square feet in the facility and Community Hospital is set to take 10,000 square feet for fitness classes and wellness programs.
The facility could open by the middle of 2019.