The Press-Dispatch
Issue link: https://www.ifoldsflip.com/i/61487
The Press-Dispatch Stellar Community Finalist H Wednesday, April 11, 2012 E-5 2 Stellar Technology Center renovation and restoration of the former two-story Integra Bank Fa- cility in a new Technology/Focuses Incubator for young entrepreneurs. The first floor is envisioned to house offices, reception and conference room for support staff, new stairs, elevator, restrooms that will meet all ADA requirements, an open concept development studio, com- puter room and incubator suites for individual development. The second floor will house a This project will consist of the VISION: training classroom, offices, rest- rooms and an exterior research deck at the roof area. "I think this is a unique piece that makes our project stand out," OVERVIEW cess of the Stellar Center depends on successful negotiations with the FDIC, which owns the Integra Bank building. Originally the Tech Center was said Craig of the Stellar Technology Center. However he cautioned the suc- going to be located near the I-69 exchange, but during the planning process it was determined to im- prove the overall impact on down- town and "quality of place" to locate it in the Integra building. "It is a great reuse of a building that could sit empty for some time." Craig explained that most banks locating in Petersburg would pre- fer a new building to purchasing an older building. Traditional business incubators provide office space and services at a reduced rate until the business gets going and becomes profitable enough to be self-sustaining. The Stellar Technology Center Renovations will completely change the look of the old Integra Bank building, which will be converted into the Stellar Technology Center. © Architectural Design Concepts, LLC and Midwestern Engineers. will target young entrepreneurs who either are or were participants in Project Lead The Way engineer- ing and biomedical programs or university graduates who want to return home and turn their ideas and into businesses. In February, a group of PLTW students at Pike Central were invited to the White House Science Fair. Three students Anna Woolery, Colton Newton and Jessica D'Esposito explained their mobile emergency shelter design to President Obama. It is one of many exciting projects Pike Central stu- dents have developed. "There is going to be a high- powered board of directors in place to help with administration and Four Star Fabricators believes that when the community thrives, business and manufacturing thrives. We support all the community and business leaders in their efforts to improve the quality of life and the potential for growth in Petersburg and the surrounding area. guidance," said Craig. That board will include representatives from Kimball International, Memorial Hospital, German American Bank, Vincennes University, Fifth Third Bank and an attorney. New legislation passed this year SCHEDULE: First year environmental and design Second year Acquire property, includes the ability of entrepre- neurs to have an auction for their businesses. Mayor Craig said it ba- sically is similar to the television show Shark Tank where commu- nities bid on incentives to entice a business to locate in their commu- nity. Finalize design and begin construction $1.4 million Finalize construction PROJECT BUDGET: Third year- Four Star Fabricators • (812) 354-9995 • P.O. Box 67 Petersburg • www.fourstarfab.com