Ivy Tech Expands in Vigo County Industrial Park, Terre Haute, IN
Sue Loughlin The Tribune-Star Sat Nov 19, 2011, 05:00 AM EST
TERRE HAUTE — Ivy Tech’s Wabash Valley Region has reached an agreement to purchase the former Doughmakers building in the Vigo County Industrial Park for $895,000, Chancellor Ann Valentine said Friday.
The regional board is now asking the Ivy Tech Foundation to purchase the facility and lease it back to the region “at terms to be approved by both parties,” according to a resolution approved by the regional board.
John Adkins, the region’s executive director of administration, expects the region to make payments over 10 years and it then will own the building.
The state Ivy Tech board is expected to take action when it meets in December.
Ivy Tech’s goal is to move its nursing programs to the facility by next fall, and new programs under discussion also would locate there in the future. The Doughmakers building will help alleviate current space constraints on the main campus.
Eventually, Ivy Tech hopes to locate proposed agribusiness, diesel technology and animal health programs in the Doughmakers building, including a veterinary technician program, Valentine said.
The Wabash Valley Region is planning for a significant expansion of programs based on the job outlook in the state and region, she said.
While Ivy Tech will be taking the Doughmakers building off the tax rolls, “We think the significant tradeoff for the community is that we’re growing the workforce … and providing the workforce necessary to help grow the economy regionally,” Valentine said after the meeting.
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Related article: Vigo County Industrial Park gets shovel-ready designation
GBP’s Take: From a sustainable building standpoint, we support Ivy Tech taking over an existing building because that is one of the easiest ways to be environmentally friendly and make efficient use of structural and natural resources. Although the layout of the building may not be ideal, this contributes to a business park and its tenants being “green”.