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Property acquisition marks important milestone in transformative downtown 重建 project

Tuesday, December 7, 2021

华沙,印第安纳州. (December 7, 2021) – The 科修斯科山 Economic Development 公司 (KEDCO) 和 的城市 华沙 today announced the acquisition of the former Owens’ grocery store site in downtown 华沙. The effort has been spearheaded by the City 和 is supported by the KEDCO 住房 Initiative.

“Our team is working with local partners to encourage the development of additional workforce 住房 in proximity to leading employers,” said KEDCO CEO Alan Tio, “We are excited to support the City’s vision for reuse of this site as a catalytic project that will lead to additional opportunities throughout the 县.”

KEDCO launched its 住房 Initiative in response to a 住房 market potential study commissioned by the 科修斯科山 县 Community Foundation (KCCF),和 科修斯科山  和 的城市 华沙 governments, that forecasts a potential market for approximately 2,000 new residential units in 科修斯科山县 by 2024.

“The 住房 market study 显示ed us the market potential exists to double the production of market-rate 住房 in our community,” said 华沙 Mayor Joe Thallemer, “We know from leading employers like 齐默 Biomet that access to 住房 is a workforce recruitment 和 retention issue, as well.”

A proposal from 齐默 Biomet was selected by the 印第安纳州的住房 & Community Development Authority’s ‘anchor employer workforce 住房 demonstration program’ in 2019 to establish a $2 million Workforce 住房 Revolving Loan Fund. That fund has exp和ed with $2 million from KCCF’s “Working Together” initiative that was made possible through a GIFT VII grant from 礼来公司 养老公司. in 2020. 

“We know that 科修斯科山县 has a vibrant future 和 that we will be able to address current challenges around childcare, 住房, workforce with local solutions,” said KCCF CEO Stephanie Overbey, “We look forward to seeing more projects like this one come together to support workforce 住房 development.”

KEDCO is finalizing a development agreement with a regional development team for a mixed-use project at the former Owen’s site 和 will work through the winter with the development team, the 的城市 华沙, other local partners to finalize plans for the project.

Want to stay connected with KEDCO? 浏览kepco网址 脸谱网Linkedin 和 Instagram (@kosciuskoedc) 和 visit www.kosciuskoedc.com.

关于 科修斯科山 Economic Development 公司
科修斯科山 Economic Development 公司 (KEDCO) was formed in 1984 as 科修斯科山 Development公司. to promote economic 和 community development throughout 科修斯科山县. Today, KEDCO is serves as a single point of contact for economic development in 科修斯科山县. KEDCO’s mission is to 召开, 构建, 显示 科修斯科山县’s talent, ideas, capital. For more information visit: 8fa.vacuumbeltsdirect.com.

媒体联系人:
Alan Tio (KEDCO) – 574.265.2601 or atio@vacuumbeltsdirect.com