Ho Chunk CEO planning ahead as sale closes on Terra Centre - KTIV News 4 Sioux City IA: News, Weather and Sports

The sale of Sioux City's Terra Centre has closed.

After 18 months of work, it's now in the hands of Ho-Chunk Incorporated, The Dunham Company, and a few other investors.

Lance Morgan, CEO of Ho-Chunk, says it's an exciting time. He says the group has plans to pour more than $1 million into the building for aesthetic and infrastructure updates. Investors expect to have about 75,000 square feet of space to fill. Morgan says Ho-Chunk is thinking about opening a satellite office in the building. He says the remaining space will go fast. "Judging from the interest we've had, I don't think we'll have any trouble filling it up. Once this place fills up with a lot of businesses, I think it's going to add to a lot of vitality to downtown Sioux City," said Morgan. Ho-Chunk, Inc. is the largest investor in the project.

They're the economic development corporation owned by the Winnebago Tribe of Nebraska.