Local South Bend, Ind., affiliate, WSBT, is reporting that the former College Football Hall of Fame is being sold to to JSK Development, a hotel development and management company, which has plans to convert it into a corporate headquarters with a hotel on the premises.
The plan is for the CFHOF to become a hotel lobby, with a hotel built on the adjoining Jefferson Street parking lot.
The 5-story hotel is expected to have 120 guest rooms, feature retail space, and open in spring 2017. Construction is expected to begin in about six months. No brand was disclosed.
"This is another sign of South Bend's ongoing growth in tax base and jobs," said South Bend Mayor Pete Buttigieg in a news release. "Putting this important space back to use will take a burden off taxpayers, support further development, and fuel South Bend's continuing comeback."
The CFHOF building will reportedly be sold for $1.2 million, according to the city. The plan is to sell the parking lot to the development company for $1
“JSK will be a great partner in redeveloping the building and adding to the vibrant atmosphere in downtown South Bend,” said Scott Ford, executive director of the Department of Community Investment, in the release. “The company’s vision for the site addresses the community’s desire to utilize the Hall as a magnet for private investment, maintain the gridiron as central public space, and infill another block with sustainable commercial activity.”