UPDATE on former College Hall of Fame sale - Fox 28: South Bend, Elkhart IN News, Weather, Sports

UPDATE on former College Hall of Fame sale

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With South Bend waiting for a new buyer to take over the old College Football Hall of Fame, the Redevelopment Commission is trying to make the process a little easier.

At a meeting Thursday morning, the commission discussed conducting a new appraisal for the lot that would be more appropriate for what the building was intended for; a museum.

Economic Resources Specialist for Community Investment, Dave Relos, said the property is assessed at six million dollars. That assessment makes the property tax about $18,000 per year, but he hopes the new appraisal will lower that number.

"I think getting it down where it's not such a shocking number to somebody if they were going to turn it into a community enterprise would just help them relieve their anxiety," said Relos.

Relos also said there are people looking into buying the property, but what the building will be used for remains a mystery.

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