TERRE HAUTE, Ind – Last night (Thursday 6/4/20) the Terre Haute City Council approved a tax abatement for a project to remodel and add onto the former YMCA building and property downtown.

The vote was 5-4.

The nine-year tax abatement is worth just over $100,000.

Commonwealth Properties plans to renovate the former YMCA at 200 S. Sixth Street into a mix of 34 units of one-, two- and three-bedroom apartments. The company would build six new three-bedroom townhouses on the same property.

Construction cost is estimated at $5.3 million.

The former YMCA has been vacant since 2006 and was built in 1939.

When the work is done there will be one full-time staff person to manage the property.