Meyer, 60, was taken into custody after he said he was going to enter Jane Ball Elementary School and "kill as many people as he could," according to a police statement obtained by the Associated Press.
Meyer, who had guns and ammunition worth more than $100,000 in his home, also threatened to set his wife on fire, according to authorities.
He was hit with felony intimidation, domestic battery and resisting law enforcement charges and was being held without bond at the Lake County Jail as of Sunday pending a hearing, according to the Indianapolis Star.
In an interesting twist, Meyer “is a known member of the Invaders Motorcycle Gang,” according to the Cedar Lake police statement.
Meyer lives fewer than 1,000 feet from Jane Ball Elementary School in Cedar Lake, located about 45 miles southeast of Chicago, the Star reported.
The elementary school threat comes while the nation is deep in mourning two days after Adam Lanza shot and killed 20 children and six adults at Sandy Hook Elementary School in Newtown, Conn., after killing his mother at home.
In a strange coincidence, the police statement said that police boosted security and notified officials at all schools in the Cedar Lake area on Friday, which was the same day Lanza went on his shooting spree before killing himself as police closed in, according to the Washington Post.
President Barack Obama plans to visit privately on Sunday with families of Lanza's victims and on Sunday evening to attend an interfaith vigil for victims of the Sandy Hook Elementary School massacre at nearby Newtown High School.