Year wait expected for start of Wigwam work

  • Comments
  • Print
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
This audio file is brought to you by
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

The developer taking over Anderson's Wigwam gymnasium is expecting to start work at the complex in about a year.

Indianapolis-based BWI (Black and White Investments) and Pinebrook Properties took ownership this month of the 9,000-seat gym that's been closed since 2011. The group plans to convert part of the complex into 55 multifamily housing units while maintaining the gym.

BWI president Gary Hobbs told The Herald Bulletin that the company intends to spend at least $15 million on the project. BWI is seeking state tax credits to help finance the work, which Hobbs says will start next August or September.

The Anderson City Council last week approved a $100,000 contribution for the project. That came after business owner Ken Kocinski said he was worried about the lack of project deadlines.

Please enable JavaScript to view this content.

Story Continues Below

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In