Terre Haute is losing shoppers to Plainfield and Evansville, so two developers want to attract more stores to the western Indiana city.
To make room for the stores, the Terre Haute-based developers, Thompson Thrift and Gibson Development, want land now occupied by the Wabash Valley Fairgrounds, according to the Tribune-Star.
In exchange, the fairgrounds would receive 72 nearby acres now owned by Gibson Development plus $9.2 million. The 72 acres is next to the fairgrounds.
It is unclear what would happen to an auto-racing track, Terre Haute Action Track, and a drag-racing strip that are within the 130-acre fairgrounds property.
The developers hope to open the new fairgrounds in May 2009 and the new shopping area in September of the same year.
The fair board is considering the proposal.