Overview

This project will provide for the site preparation and construction of a 50,000 square foot shell building on the Certified Shovel Ready site, known as Generation Springs, within the Southwest Indiana Megasite. The READI funds will be utilized for the lot development and site excavation, and will provide for the installation of water and sanitary sewer utilities. The City of Petersburg is committing to the construction of a new 750,000-gallon elevated water storage tank as a match to this project, which will increase overall capacity of the Petersburg Water Utility and will provide direct support to the new shell building and to future development. Bowman Family Holdings, the owner of the Southwest Indiana Megasite, is committing to the construction of the new shell building. The overall construction of the project is anticipated to take 12-18 months. Partners in this project include the City of Petersburg, Bowman Family Holdings, and serving as the economic development promoter, Pike County Progress Partners. The target industries for the Megasite will expand the existing regional workforce and provide new high-wage employment opportunities for current and future residents in southwest Indiana. The new shell building at the Generation Springs site will serve as a catalyst for other development on the 8,000 acre megasite. Efforts will be made to include the most environmentally friendly infrastructure and green technology will be considered and used if possible.