Taxes, a developer in limbo or demolition — old YMCA's fate unknown

Statewide historic preservation group Indiana Landmarks owns the roughly 60,000-square-foot building, working to convey it to a developer.

But money is the hold-up. Specifically, Landmarks said the preferred developer's financing includes millions of dollars controlled and held by the Indiana Economic Development Corporation (IEDC).

EVANSVILLE — An eye-popping demolition cost, an adverse appeals board ruling, state funding that hasn't materialized and the prospect of a six-figure tax bill have made the future of Evansville's old Downtown YMCA building an open question.

Statewide nonprofit historic preservation group Indiana Landmarks owns the roughly 60,000-square-foot building, the Y having conveyed the property title to Landmarks in fall 2023 for two years — since extended to three