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Article: Crown Hill nearing new deal
- Article from:
- Indianapolis Business Journal
- Article date:
- May 15, 2006
- Author:
CopyrightCopyright IBJ Corporation May 15, 2006. Provided by ProQuest LLC. (Hide copyright information)
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An announcement on new development for 70 acres of woodlands held by Crown Hill Cemetery and Funeral Home may come within weeks, bringing to a close a controversial land deal that some environmental and neighborhood groups hoped to stall.
Crown Hill leadership is talking with three developers that have submitted competing proposals for mixed-use projects, cemetery President Keith Norwalk said. He declined to name the developers or provide details on their proposals but called an announcement "fairly imminent."
The price of the land, originally listed for $4.7 million, is now in the $5.2 million range, Norwalk said.
All three pitches would preserve wetlands on the grounds, which make up less ...