News From Terre Haute, Indiana

Local & Bistate

January 15, 2013

Thompson Thrift submits only bid for Fifth Street parking lot

TERRE HAUTE — Thompson Thrift, a Terre Haute contractor, has submitted the only bid to buy a city-owned parking lot on the northeast corner of Fifth Street and Wabash Avenue.

At Monday’s meeting of the five-person Board of Public Works and Safety, the three board members present voted to “take under advisement” the Thompson Thrift bid. When asked by the public at the meeting, Bob Murray, board president, stated the bid price was $118,000, the minimum possible bid.

By law, the city was not permitted to accept less than $118,000, which was the average of two appraisals of the property.

A “notice of intent” to accept bids for the 33-space parking lot, which Murray signed on Dec. 17, also requires bidders to show plans for how they plan to use the property and adjoining properties; the latter are not owned by the city and were not part of the sale.

Adjoining lots to the east are owned by Mike and Kaleel Ellis, Terre Haute attorneys.

In its bid documents, Thompson Thrift states it plans to build a 150- to 200-bed student housing building stretching from Fifth to Sixth streets on the north side of Wabash Avenue. The bid documents state that those “five adjoining lots” are “under contract” with Thompson Thrift, implying an agreement allowing the construction to move forward.

Paul Thrift of Thompson Thrift, who signed the $118,000 bid, said Monday night the project is not yet set in stone, but that ISU and Thompson Thrift continue to make progress.

The plans, which are part of the bid documents, show the building will be four stories tall and include space for retail businesses on the ground floor, a requirement in much of the downtown.

“It is our intention to seek high-end retailers for the first floor,” the document states. The project “will provide exciting state-of-the-art retail space that currently does not exist.”

At first, city officials denied the Tribune-Star’s request for a copy of the full bid documents, stating that Board of Works policy held that a copy would not be made available to the public until the bid was acted on by the board at its next meeting, Jan. 28. Further inquiry by City Attorney Chou-il Lee found the documents could be made public; however, only a portion of the bid documents was provided Monday afternoon because of time required to make photo copies.

City officials, led by Cliff Lambert, executive director of the Department of Redevelopment, have been ushering this project along for months. The Board of Works voted in August to allow the sale of the parking lot. The City Council gave its approval for the land to be sold in November.

The ISU board of trustees hired Thompson Thrift last year to provide pre-development and planning services, including site selection services, for its plans to provide student housing downtown.

Reporter Arthur Foulkes can be reached at 812-231-4232 or arthur.foulkes

@tribstar.com.

1
Text Only | Photo Reprints
Local & Bistate
Latest News
TribStar.com Poll
AP Video
Raw: Space X Launches to Space Station Raw: Fire Destroys 3 N.J. Beachfront Homes Captain of Sunken SKorean Ferry Arrested Man Charged in Kansas City Highway Shootings Raw: Students Hurt in Colo. School Bus Crash Raw: Magnitude-7.2 Earthquake Shakes Mexico City Raw: Pope Presides Over Good Friday Mass Deadly Avalanche Sweeps Slopes of Mount Everest Raw: Massive 7.2 Earthquake Rocks Mexico Drought Concerns May Hurt Lake Tourism Raw: Church Tries for Record With Chalk Jesus Obama Awards Navy Football Trophy Superheroes Descend on Capitol Mall Vermont Goat Meat Gives Refugees Taste of Home Police Arrest Suspect in Highway Shootings Anti-semitic Leaflets Posted in Eastern Ukraine Raw: Faithful Celebrate Good Friday Worldwide Mayor Rob Ford Launches Re-election Campaign Small Reactors Could Be Future of Nuclear Energy Today in History for April 18th
NDN Video
Jabari Parker's Top 5 Plays From Duke Career More Manpower Than Ever Expected At 4/20 Rally Raw: Fire Destroys 3 N.J. Beachfront Homes My name is Cocaine Raw: Space X Launches to Space Station Lohan Gets Candid About Her Sex List The 2014 New York Auto Show Meet Johnny Manziel's New Girlfriend Chelsea Clinton Announces Pregnancy Funny: Celebrating Easter with Martha Stewart and Friends Man Accuses 'X-Men' Director Bryan Singer of Sexually Abusing Him As a Teenager Man hit with $525 federal fine after he doesn't pay for soda refill Lea Michele & Naya Rivera Feuding? Jabari Parker declares for the NBA draft Singing Nun Belts Out Cyndi Lauper New West, Texas Explosion Video Swim Daily, Throwback Thursday Don't Be A Tattletale: Bad Bullying Tips For Students The trillest thoughts on marijuana "RHOA" Star Charged With Battery
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
  • -

     

    March 12, 2010

activity