ANDERSON, Ind. (WISH) – A plan to save the historic Wigwam gymnasium from the wrecking ball was approved on Thursday, according to 24-Hour News 8’s partners, The Herald Bulletin.
The plan took less than two hours to approve by the Anderson Redevelopment Commission and Anderson Community Schools board of trustees.
Indianapolis-based BWI (Black and White Investments) and Pinebrook Properties will take control of the complex after closing on the property on Tuesday.
The company, which will operate under the name Wigwam LLC, plans to convert part of the complex to multi-family housing, and will secure partners to develop uses for other parts of the facility. It has also agreed to maintain the gymnasium until at least 2030.
Anderson Community schools pledged $630,000 to redevelop the project and in return secured rights to use the facility rent-free 12 days per year.
Renovations are expected to being early next year.