Ground is broken for a new residential and business development in Downtown Evansville.
The President and CEO of the Economic Development Coalition of Southwest Indiana led the groundbreaking at Third and Vine streets, next to Bru Burger…
"One, two, three, shovel!"
Greg Wathen said the $40 million complex will provide 144 apartments, along with retail and office space…
"Within an environment that will test new engery technology and smart appliances in a way that you do it at scale before companies like Vectren would take it system-wide."
WNIN asked Wathen about past environmental concerns at the site, which housed a car dealership for many years…
"There's been a lot of work that's been done, significant testing, a lot of the material's been removed and then so, what's going to happen, none of the housing will be at street level."
Regional Cities funding is helping pay for the project. Elain Bedel of the Indiana Economic Development Corporation said the state hopes to continue the program…
"We're looking now to have some kind of sustainable revenue or cash flow coming in to this because obviously, we won't have another tax amnesty program. While that provided all the funding the three regions have been using, we'd just as soon have our taxpayers pay their bills on time and move forward from that perspective."
The Post House is scheduled to open in early 2020.
