(Richmond, IN)--Richmond appears to be moving closer to a major announcement regarding the former Elder-Beerman building downtown.  The plan is to construct 150 apartments in the building, which has been vacant since August of 2018.  Mayor Dave Snow recently said that a combination of tax credits and economic grants have helped to bring the city closer to finalizing what would be a $38 million investment.  If it comes to fruition and when it’s complete, there would be an estimated 300 people moving into the downtown area.