Two years later: Little progress made on site since 420 Main St. explosion

Two years later: Little progress made on site since 420 Main St. explosion
Published: Nov. 21, 2023 at 6:27 AM CST
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EVANSVILLE, Ind. (WFIE) - It has been two years since what was called the crown jewel of the Evansville region was imploded.

420 Main was imploded on this day in 2021.

[Previous Story: 420 Main building implosion]

Since the tower came down, there has been little movement physically on the project.

In 2022, the mayor told 14 News Sunrise inflation and workforce issues plagued the project.

Since then, the project has changed developers multiple times.

In July of 2022, CRG Residential, who developed the Post House in Evansville, took the reigns from DOMO Development.

DOMO Development were the ones who oversaw phase one of the project, including that implosion.

Fast forward to June of this year, and the Evansville city council voted to approve bonds for 12 million dollars to develop the space left behind.

In total, it now sits at a 60 million dollar investment with money coming from the developer, the city, and the state.

Mayor Winnecke says CRG Residential has all of its custom drawings and documents completed, bids returned, and they’re currently working on securing their private sector funding.

Because this project is so large, involves millions of dollars, and has gone on this long, Mayor Lloyd Winnecke says it’s extremely complicated.

In short, this isn’t the kind of project that can simply go from point A to point B.

At this point, Winnecke confirmed CRG is expected to be at the Redevelopment Commission’s Meeting on December 5 to bring an update, but the mayor says that schedule could change since they’re constantly in contact and learning new stuff everyday.

We’ll be keeping an eye on that, and we’ll bring you the latest updates right here on 14 News.