The Press-Dispatch
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E-6 Stellar Community Finalist H Wednesday, April 11, 2012 The Press-Dispatch like after a new building to house a Good Samaritan Hospital medical center that will feature an urgent care center. It will also be the site of senior housing. © Myszak + Palmer, Inc. Artist's rendering of what Main St. on the south side between Sixth and Seventh Sts. will look 3 Mixed-Use Development affordable apartments targeted to seniors located on second and third floor space along Main St. A separate three-story housing complex will be constructed along Walnut St. The first floor of the Main St. facility will accommodate retail and commer- cial spaces. Good Samaritan Hos- pital will provide a new physician's clinic, urgent care facility and mental health services in 6,000 square feet in the current location of Dr. Honesto Fenol's office building. New sidewalks, street lights, The development will provide 40 VISION: parking lots and green spaces will enhance the downtown area. This development will be adjacent to the new Community Plaza area and the existing Courthouse along Eighth St. A downtown resident population is vital to improving and revitaliza- ing downtown Petersubrg. The city's comprehensive plan defines a need to increase downtown residential liv- ing opportunities. Petersburg can utilize existing Design and environmental review SCHEDULE: First year OptiOnal Second year Construction $6.9 million PROJECT BUDGET: buildings, and allow current down- stairs occupants to remain in their locations. Along with providing affordable He said it will take care of unsafe senior housing by putting the apart- ments either above or adjacent to the Good Samaritan Hospital medical facility, it assures seniors will have access to health care. The health care facility will also include an urgent care center, which will have weekend and extended hours. A recent study of Indiana counties downtown infrastructure resources more efficiently to better accommo- date the housing needs of all resi- dents and assist residents to age in place. Providing quality housing for peo- ple of all income levels is an integral component growth strategy and im- proves a household's quality of life. A housing development provides a strong foundation of support for downtown commercial business and services. Good Samaritan Hospital's commit- ment to lease a minimum of 5,000 square feet in a new mixed-use build- ing to fill the space from Somewhere In Tyme to Sweet Stuff. "This tackles many problems in one project, Mayor Jon Craig. The keystone of the project is OVERVIEW: " said on various aspects gave Pike County a grade of F for health. One of the main factors was the population-to- doctor ratio. The average in Indiana is 889 to 1, but Pike County's is 3,131 to 1. The medical center will add doc- tors and access to medical care for Petersburg and all of the county. Mayor Craig said another benefit ing. Petersburg will get much of their match for this project from the Tax Increment Financing district. Craig explained a TIF sets a baseline assess- ment of what the assessed value is in the district and then as the assessed value of that area increases due to de- velopment. In this area there will be new buildings such as the mixed-use building as well as the new Caseys of the 40 apartments is to bring that increased population to the down- town, which should be a boost to downtown businesses. A key to this project is the financ- Overview of building and parking to be built between Sixth and Seventh Sts. and CVS, both under construction. Also included are the improvements made to buildings in the area. Petersburg will be allowed to keep the increased property taxes collected above the baseline assess- ment. "People's taxes aren't being increased." He said all taxing entities are guaranteed to get the minimum of what they got before, but Peters- burg will get the amount increased by the improvements. $2 million, which will allow them to have cash up front and then pay the bond off with the TIF revenues. Petersburg will sell a bond of about the lots and buildings are available for purchase or acquisition. Prelimi- nary plans are prepared, and detailed drawings will proceed upon award. The current owners have stated READINESS: STELLAR COMMUNITIES Indiana Stellar Community City. Proud to be part of an PO Box 68, Petersburg • 812-354-8500