An agreement is reached to turn the former St. Joseph's Hospital property into senior housing units. Huntingburg Partners, who owns the land, is working with Cincinnati-based Miller-Valentine Group to create 45 to 50 units.
Mayor Denny Skinner says the redevelopment is key to revitalize the city's north side.
"The question I get more than any other question is 'what's going to happen to the hospital?'" said Mayor Skinner. "It was a vital part of our community when it was there. And with what is out in front of use now, it's going to become a vital part of our community once again. And it will be a great lift to our community spirit."
The developer will apply in November for rental housing tax credits through the Indiana Housing and Community Development Authority. If approved, construction is expected to begin in Fall of 2014 with units availabe for rent by Fall of 2015.