Batesville Economic Development Commission members had hoped to determine if a proposed shell building should be constructed by now, but that has not been the case.
Members received an update March 14 on the progress being made.
Consultant Greg Martz of GM Development, New Castle, said, “Financing is approved, and MainSource Bank had the best terms” for a loan the city would repay.
He talked with city attorney Lynn Fledderman about drafting a resolution for a city council vote, “which basically is a general pledge from the city that essentially the payments can be made from any available fund, probably EDIT (Economic Development Income Tax).”
Plans for the proposed structure are in the works, reported President Andy Saner. “The initial design had some architectural elements, but they were expensive and may need to be cut out.
“We’ll probably see things move quicker now ... (and) the topography and geological surveys are set to go.
“My goal is to provide you with a packet of how much it will cost, the date of start and completion and an update of where things stand .... We continue to hear from the state it’s a good thing for us to do ... I hope to get the final details together by the next meeting,” so it can be determined whether the shell building should be constructed.
Fledderman announced the surveying of Merkel Road is moving forward, so it can be updated.
He also told members he heard official word March 13 that GE Lighting will be closing its distribution center at the industrial park Jan. 23, 2015, due to changes in light bulbs. “There are 40 employees that will be affected.” There are two separate buildings, one at 150,000 square feet and the other at 211,000 square feet.
“If there is a silver lining with this, it’s that this is a much in demand type building, and there is no building like this in southeastern Indiana.”