The project, Legends District—SODO, could be one of the largest private developments in the city’s history. It would sprawl over 11 acres that are now home to several parking lots, Subway and Arby’s restaurants and the former Chateau Thomas Winery.
For the last two years, The Legends Entertainment LLC has quietly put several properties under contract. It now controls all the land and recently closed on the first parcel, a 1.2-acre parking lot at the southeast corner of South Street and Madison Avenue, for $3.5 million.
The lead developer is Ryan Zickler, principal of Indianapolis-based Zickler Associates. Other partners are Tim Shrout, president of locally based Cedar Run Ltd., the developer of Heartland Crossing; and Doug Mennen, principal of Lafayette-based Mennen-Gutwein LLC.
The project’s retail portion will be designed to complement Circle Centre mall. The developers are targeting retailers such as Target, Dick’s and Best Buy, along with casual and upscale restaurants. The project would have 2,200 parking spaces, most of which would be underground. The three hotels would have a total of about 500 rooms.
And now the part you've all been waiting to read. "The development team plans to meet with Mayor-elect Greg Ballard, and hopes to win tax abatements in exchange for a potentially giant boost to the city’s tax rolls," Schouten writes. Hell, no other businesses in the mile square are paying property taxes, these developers probably figure why should they. More demands on and costs for the city's infrastucture which we can conveniently shift to homeowners. Same old game.