The long-touted Banderas Point project at Interstate 65 and State Road 28 has gone quiet, and the silence is raising more questions than answers.
Despite promises of a major development featuring a 20,000-square-foot event center and a 56,000-square-foot indoor arena, little progress has been seen at the site. Sources close to the project tell KNS Radio that the Good family, owners of Good Oil, have cut ties with several local providers who were initially brought on board. Instead, they are now working with an out-of-state developer who has been in “due diligence” for months with no visible results.
Community leaders, including Clinton County Chamber of Commerce Director Shan Sheridan, had championed the project and sought out grants to support it. When contacted by KNS, Sheridan confirmed the family has shifted developers and said a press release may be forthcoming—though notably, that statement was also issued from the Good family and only came after KNS began asking questions.
Behind the scenes, the project appears to have stumbled. A public relations firm was brought in and then dismissed after disagreements. Local contractors who devoted time to early planning now report no clear communication about whether their work will ever be used. Meanwhile, opportunities for outside funding, including possible READI dollars, may have passed by while the project remained stalled.
The lack of clarity is especially puzzling given the Good family’s record of spending heavily elsewhere. In recent years, Good Oil has made multimillion-dollar acquisitions in Ohio and invested $17 million into a downtown Indianapolis development. Yet in Frankfort, progress has all but stopped.
The sudden stall leaves several unanswered questions:
• Why has the project slowed with no official explanation?
• What is the plan for the land the family continues to hold at the site?
• Why did it take outside inquiry to prompt any communication at all?
KNS has made repeated requests for comment from Wyatt Good. He initially agreed to respond by email but has gone silent despite multiple follow-ups over the last three weeks.
With no construction, no clear timeline, and no answers, Banderas Point remains stalled—and residents are left wondering if it’s destined to be unfulfilled promise.