Inside INdiana Business is reporting that the city of Lebanon is looking to add to the growing sports tourism movement in Boone County. The city has announced a partnership with Noblesville-based Card & Associates Athletic Facilities to develop a $25 million multi-sport venue that Mayor Matt Gentry says will “not only bring thousands of visitors to Lebanon, but also add a much-needed amenity for current Lebanon residents.”
The project is part of a planned hospitality and entertainment district that will include two hotels, as well as residential, retail, and medical office space.
The district, which will span 95 acres near I-65 and State Road 39, is being rolled out in multiple phases with the first representing a $113 million investment that will include the sports fieldhouse, a residential community, and city infrastructure and utilities work.
The new fieldhouse will be operated by Card & Associates and feature two turf fields and eight basketball courts, as well as 20,000-square-feet of tenant space. Site work and construction is expected to begin in mid-2022 with the facility slated to open in 2023.
As part of the first phase, Philadelphia-based real estate company Bel Canto will develop the $72 million residential community, which will include luxury apartments and townhomes, a fitness center, resort-style pool, and other amenities. Bel Canto will manage the property once it is completed.
The additional portions of the project will take place over four phases:
- Retail and a hotel
- Apartments and a hotel
- Medical office building, a coworking cafe, and senior living
- More retail space and restaurants
The entire project is estimated for completion by 2028