Zionsville Times Sentinel


October 23, 2013

Memory Hall gym selling to Lafayette company

Lebanon — Lebanon’s iconic Memory Hall was set to have a new owner by Friday, Oct. 18 (unable to confirm at press time).

Ironman Properties of Lafayette is purchasing the building, including the gymnasium. Closing on the agreement was due late last week, Lebanon Mayor Huck Lewis said at a city council meeting Tuesday, Oct. 15, before the board voted 4-0 to approve sale.

The building at 327 N. Lebanon St. was the site of Lebanon High School from 1922 through 1968, when classes were moved to the school’s present location.

The 2,200-seat gym was built in 1931. It was the home gym of Indiana basketball icon Rick Mount, who scored 2,595 points, fifth-highest in state history, in his four-year prep career that concluded in 1966 when he went on to play for the Purdue Boilermakers and become a first-round draft pick by the Indiana Pacers in 1970. The gym also was featured as the site of a regional final game in the 1985 movie “Hoosiers.”

The city of Lebanon owned the property for several years but could not afford to maintain the structure.The building was vacated in 1988 and sat empty until it was purchased by Indianapolis developer Leo Stenz, who converted the classroom section into 59 apartments originally intended for senior citizens and operated it under the name Lebanon Housing Partnership. The gymnasium remained the property of the city, however, and was leased by the city to Stenz for $1 a year.

Lebanon Housing Partnership defaulted on its mortgage, and the building was acquired by Fannie Mae in January 2012 after LHP fell more than $1.41 million in arrears.

Flaherty and Collins, an Indianapolis development firm, had been in talks to purchase Memory Hall, The Lebanon Reporter said in a Feb. 11, 2012 story. Duane Miller, vice president of community development for Flaherty and Collins, said the firm hoped to buy the building if the Indiana Housing Finance Authority approved the continuation of tax credits. Nothing developed, however, and the building went on the market at an asking price of $1.2 million, according to several Internet real estate sites.

Text Only
  • Lebanon to face water shortfall in 20 years Lebanon may have to look to Whitestown for help in avoiding a future water shortage, some Whitestown Town Council members said at their July 8 meeting. A long-range study of Boone County’s current and projected water use and its water availability suggest that by 2035, Lebanon will need 6 million gallons of water a day more than the city will have accessible.

    July 23, 2014

  • Whitestown Town Council frustrated with parks board The Whitestown Town Council has grown frustrated with the parks board and is looking to do something about it.

    July 23, 2014

  • Whitestown council changes trail boss In a 3-2 vote, the Whitestown Town Council Tuesday, July 8, transferred jurisdiction over its segment of the Farm Heritage Trail from park board member Nathan Messer to Stephanie Morrissette, the town’s new parks and recreation director.

    July 16, 2014

  • Maplehurst to open Lebanon bakery LEBANON — A world-class cake facility is coming to Lebanon, said Kevin Murray, vice president of operations for Maplehurst Bakeries, at the Lebanon City Council meeting Monday, July 14.

    July 16, 2014

  • CTY ZT071614 Whitestown Legion 2 pic Whitestown Legion post ponders fate after rebuff Whitestown's Donald E. Pipes American Legion Post 410 members are faced with a decision whether the Legion will remain at 5 Linville Ave., move, consolidate with another post, or choose another option.

    July 16, 2014 1 Photo

  • City receives $4.5M for Indianapolis Avenue project The Indiana Department of Transportation has awarded $4.5 million for Lebanon’s Indianapolis Avenue project.

    July 9, 2014

  • Boone labor force grows, unemployment falls Unemployment in Boone County rose slightly in May, according to agencies that track the nation's work force.

    July 9, 2014

  • Census report reveals minority growth in Boone Boone County’s population is becoming more diverse.

    July 9, 2014

  • County, Jamestown partner to lure parts manufacturer JAMESTOWN — Jamestown and the Boone County Commissioners have agreed to cooperate in hopes of convincing auto parts manufacturer Fukai Toyotetsu Indiana Corp. to build a plant on Indiana 75 near Interstate 74.

    July 9, 2014

  • ONE LR062414 pool opens pic slide [Duplicate] Hundreds enjoy first day of summer at new pool LEBANON — Though attendance was not as high as Lebanon Parks Director John Messenger was expecting, he said the opening of the new city pool went off without a hitch.

    June 25, 2014 3 Photos

Order Times Sentinel photos

Photos from July 2014

Twitter Updates
AP Video
Raw: Corruption Trial Begins for Former Va Gov. The Carbon Trap: US Exports Global Warming UN Security Council Calls for Gaza Cease-fire Traditional African Dishes Teach Healthy Eating 13 Struck by Lightning on Calif. Beach Baseball Hall of Famers Inducted Israel, Hamas Trade Fire Despite Truce in Gaza Italy's Nibali Set to Win First Tour De France Raw: Shipwrecked Concordia Completes Last Voyage Raw: Sea Turtle Hatchlings Emerge From Nest Raw: Massive Dust Storm Covers Phoenix 12-hour Cease-fire in Gaza Fighting Begins Raw: Bolivian Dancers Attempt to Break Record Raw: Israel, Palestine Supporters Rally in US Raw: Air Algerie Flight 5017 Wreckage Virginia Governor Tours Tornado Aftermath Judge Faces Heat Over Offer to Help Migrant Kids Kangaroo Goes Missing in Oklahoma More M17 Bodies Return, Sanctions on Russia Grow Raw: Deadly Tornado Hits Virginia Campground
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide