The Lebanon Business Park may grow a little bigger next month, after the Lebanon City Council approved a resolution adding the old Quality Inn site to the business park during its Monday, Aug. 26, council meeting.
The city council unanimously passed a resolution adding the roughly 12-acre site to the business park, which is across Ind. 39. The Lebanon Redevelopment Commission took control of the land around two years ago, said city attorney Bob Clutter.
The old hotel building was razed in the spring of 2012, after the city acquired the property in early March 2012. The abandoned hotel property went up for auction at a sheriff’s sale, with the initial bid at $3.7 million. No one bid on the property, and the city acquired it.
The RDC had made previous arrangements to obtain the property, if no bids were received, by paying the $140,000 in back taxes and around $400,000 to get the deed. Lebanon Mayor Huck Lewis said then it would be a prime piece of real estate to the city, with easy access to Interstate 65, and already zoned for business with water, electric and sewer service.
The RDC contemplated adding the site into the business park at the time of acquisition, Clutter said. After several discussions, it was decided it would be better to wait until they had a better idea of what type of use the property would have.
See Wednesday's Times Sentinel for the full story.