Developer asks Capital Improvement Board for $2.5 million toward a 100-acre youth sports complex
Who it touches
- travel baseball and softball teams (15-mile radius)
- USTA / Terre Haute Junior Tennis
- Terre Haute Boys & Girls Club
Tracked in the archive
Adam Meyer, a Terre Haute resident, asked the Capital Improvement Board for a $500,000-a-year, five-year commitment — $2.5 million total — to help build a 100-acre youth sports complex he calls the Terre Haute Athletic District.
The first phase alone — 10 baseball and softball fields — is a $15 million project; adding an indoor soccer and tennis facility in phase two would bring the total to $25 million, and Meyer projects the full build-out, including a partner hotel and housing development, at $30 to $32 million.
CIB chair and Mayor Brandon Sakbun said the board is "not there today" and wants Meyer to first pursue other financing tools — such as a TIF district (tax increment financing: a zone where growth in property-tax revenue is kept for local projects) or a tax abatement (a temporary property-tax break in exchange for promised investment) — before the CIB considers a funding request.
Sources
- 100-acre parcel for a multi-sport development1:17:23 (1 hour 17 minutes 23 seconds)
- $500,000-a-year, five-year ask to the Midwest Sports Elite Foundation1:24:03 (1 hour 24 minutes 3 seconds)
- Phase one is a $15 million development; phase one and two together, $25 million1:32:33 (1 hour 32 minutes 33 seconds)
- Full build-out estimated at $30-32 million1:34:13 (1 hour 34 minutes 13 seconds)
- Chair says the board isn't ready to commit a number1:30:58 (1 hour 30 minutes 58 seconds)
- Chair explains TIF and abatement financing tools1:25:27 (1 hour 25 minutes 27 seconds)
- Chair asks whether a TIF or abatement has been pursued before a CIB ask1:29:21 (1 hour 29 minutes 21 seconds)
Outcome
No commitment was made. The board said it needs to see whether Meyer has pursued a TIF district, a tax abatement, or other public financing tools before it will consider a funding request.
No commitment was made. The board said it needs to see whether Meyer has pursued a TIF district, a tax abatement, or other public financing tools before it will consider a funding request.
This summary was drafted with AI assistance and reviewed by an editor against the recording and documents linked above. Nothing publishes without a resolvable source.