Hoosier Energy Considering New Headquarters Site In Bloomington
The Bloomington City Council showed its support for Hoosier Energy last week by approving a ten-year property tax abatement for a new headquarters facility being considered by the generation and transmission (G&T) cooperative. If Hoosier Energy proceeds with the project, the abatement could result in the city receiving over $2 million in new taxes during the next 10 years from a proposed corporate headquarters facility. Hoosier Energy would receive an equivalent property tax savings over the 10-year period.
The headquarters project, which still requires final approval from Hoosier Energy’s board of directors, will allow the electric cooperative to retain its corporate headquarters in Monroe County where it has resided for more than 60 years. Hoosier Energy’s current headquarters is on North State Road 37, outside of the city limits.
“We evaluated a number of locations for a new facility over the past two years, including several sites outside of Monroe County,” said Mike Rampley, Hoosier Energy’s Senior Vice President of Marketing and Business Development. “We concluded that a site on the south side of Bloomington offered our best alternative. We appreciate the great support we’ve received throughout this process from BEDC, City of Bloomington staff, and the city council.”
The Bloomington Economic Development Corporation (BEDC) has been working with Hoosier Energy for almost two years to find the best fit for the proposed headquarters office.
The proposed $20 million headquarters facility includes construction of an 83,000 square foot “prairie style” office building on 13 acres. The building is expected to include an array of energy efficiency features and Hoosier Energy plans to seek LEED certification for the facility. If approved by the cooperative’s Board of Directors, the project will be targeted for completion by the end of 2014. The site and building are also designed to accommodate a 30,000 square foot expansion in the future if the need arises. Hoosier Energy currently plans to leave much of the wooded property undisturbed.
Locally, Hoosier Energy broke ground in late October of last year for its new $25-million power delivery and operations facility here in Owen County. The 90-acre site is located on State Road 43, south of the intersection with State Road 46. Hoosier Energy is constructing an office and warehouse building, maintenance, vehicle service and storage facilities, a communications tower and other operations facilities. More than 60 employees will be based at the facility, which is expected to be completed by the end of the fourth quarter of 2013.
Following a year-long site selection process in a multi-county area, the Owen County property was selected for the proposed facility due to proximity to transmission and substation assets, good transportation access, space for future growth, and support from community leaders.
The operations facility is part of a long-range plan adopted earlier in the year by the power supply cooperative’s board of directors.
Two Hoosier Energy member cooperatives serve consumers in Owen County including Martinsville based South Central Indiana REMC and Bloomfield-based Utilities District of Western Indiana REMC.
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