Lopp Properties, a developer based in the southern Indiana city of New Albany, signed a contract recently for rights to build on the 100-acre property, according to the Daily Journal of Franklin. The site is at the southeast quadrant of Interstate 65 and County Line Road.
When the 125,000-square-foot Cabela's opens later this year, it will be accompanied by a Splash Universe water park on nearly six acres nearby.
Excluding a catch pond for rainwater runoff, Lopp will have 60 acres available to develop.
Other developers are planning about 600 hotel rooms at the intersection.