This statue stands in front of the Timbers Lounge at 2770 W Kilgore Ave. Originally it stood in front of a lumberyard in another part of town. I have no idea how it was moved.
I'm fairly certain that it was built by Dick Kishel, since he has done all the giant statues in and around Muncie. I took some classes from him in elementary and middle school. He seemed incredibly old to me at the time, but apparently he wasn't since he is still living.
I'm unclear as to whether or not this is intended to be Paul Bunyan or just some other generic giant lumberjack.