Greenwood gives Cabela’s $18M Bond

The Greenwood City Council has given the green light for an $18 million bond to entice the outdoor retailer Cabela’s to build a new megastore in Greenwood.  Cabela’s has plans to build a 125,000 square foot store on the southeast corner of I-65 and County Line Road.  Construction would take six to eight months and they could be selling outdoor gear to Hoosiers as early as fall 2008.

Cabela’s in Greenwood plans to have a giant mountain replica with running streams and waterfalls as its centerpiece to the store.  In addition, they plan to have an indoor archery range, a large freshwater fish tank with native species, and a world class gun collection.

What does this mean for Greenwood real estate?  The projected 200 jobs and 3 million annual shoppers that this store will create will be a great start.  In addition, even though Greenwood is offering an $18M bond this will increase the tax base for the long term.  This will also add to the appeal of living in Greenwood because people like the idea of everything within a 10 minute drive.    

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