Noblesville laid the groundwork for the campus in 2002. When East 146th Street opened in 2007, city leaders believed it would take 20 years for the area to build out. But it’s happening much faster.
The offer of $65.50 a share in cash represents a 19 percent premium to Cabela’s most recent closing price, the companies said Monday in a written statement.
The Wisconsin-based men’s and women’s workwear retailer, which raised $80 million in an IPO last year, has filed plans to build a store next to Cabela’s near Hamilton Town Center.
Cabela's, the outdoor sporting goods chain that opened a store in Noblesville in August, said it’s exploring strategic alternatives.
Lifelong Noblesville resident John Bundy is passionate about wooden duck decoys and sportsmanship.
His enthusiasm and expertise caught the attention of officials with Sidney, Nebraska-based Cabela's Inc. as the Noblesville store, located at 13725 Cabela Parkway, was constructed. And when the store opens Aug. 20, he'll have a presence in it.
The Sidney, Nebraska-based company is hiring 175 full-time and part-time employees for the new $12.5 million store, which is its second in Indiana.
Though plans for a $22 million hotel and indoor sports complex seem in jeopardy, the city of Greenwood has other projects in the works along Interstate 65, including a new interchange and possibly an apartment development.
The project by Sarasota-based GoodSports Enterprises would include a 124-bed hotel and an attached 85,000-square-foot fieldhouse, built on the land once targeted by Cabela’s.
The announcement from the Nebraska-based outdoor retailer comes five years after it abandoned plans to build a store near Interstate 65 and County Line Road in Greenwood.
The Nebraska-based outdoor retailer plans to open new stores again after a two-year, recession-induced halt on expansion.
But the company is not reviving its plan for the 96-acre plot it owns in Greenwood.
Cabela’s is selling the land on which it had planned to build a store in Greenwood.
