USDA Loan to Fund New Petersburg Water Plant

Posted: Updated:
(photo courtesy of Kurt Weber) (photo courtesy of Kurt Weber)
PETERSBURG -

The U.S. Department of Agriculture has approved a $9.2 million loan for improvements to the water utility system in the city of Petersburg. The funding is part of $392 million aimed at rebuilding and improving rural water and wastewater infrastructure in 42 states.

The city plans to use the funding for the construction of a new water treatment plant to replace the current facility, which it says has outlived its useful life and is in poor condition. The funding will also be used to add a new well at the current well-field and an additional elevated storage tank. 

The city says the effort will also help with economic development growth that is expected with the completion of I-69 near the city. Petersburg also sells water to the community of Otwell and the regional water system Pike-Gibson Water. 

A timeframe for completion of the project was not given. 

  • Perspectives

    • We’re Having the Wrong Conversations About Safety

      Every time there’s a shooting at a school or a workplace, the arguments begin. We need more police officers stationed in the buildings. We need to arm teachers or encourage employees to carry handguns. We should invest in smokescreen systems or bulletproof partitions. Everyone should hide from the shooter. Everyone should run from the shooter. Everyone should confront the shooter. It’s healthy that we’re discussing safety, but unfortunately, we’re talking...

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Forbes Ranks Top Colleges; 3 Indiana Schools Make the Cut

      Forbes released its 12th annual ranking of America’s Top Colleges based on direct benefits a university or college provides its students. Several Indiana universities made the list in some “sub-categories”, like Grateful Graduates Index, but the University of Notre Dame was the only school in the state to break the top 20 overall rankings.

    • Butler Unveils New Building for Lacy School

      The president of Butler University says the new building for the Lacy School of Business will create better engagement for students and faculty. The university unveiled the building Wednesday on the Indianapolis campus. James Danko says the new facility adds five times the classroom space and square footage for the school, which previously didn't have enough space for half of its classes. In an interview with Inside INdiana Business Reporter Mary-Rachel Redman, Danko called...

    • West Lafayette Center Breaks Ground

      West Lafayette city officials this week broke ground on the $31.5 million West Lafayette Wellness and Aquatic Center at Cumberland Park. Plans for the 72,000-square-foot project feature a natatorium, three gymnasiums, exercise machines, free weights and community rooms. 

    • Photo courtesy of Portillo's

      Portillo's to Open Fort Wayne Location

      Portillo's Restaurant has announced it will open a new 7,800-square-foot restaurant in Fort Wayne. The location will be near the Glenbrook Square Mall and is slated to open in late 2019. 

    • Opportunity Zones: Changing the Course of Real Estate Investment

      The economic divide in large cities continues to expand. Despite a financial resurgence following the 2007-2009 recession, the system wasn’t fixing itself. Enter Qualified Opportunity Zones (QOZ), a program included in the Tax Cuts and Jobs Act of 2017 designed to boost development in economically distressed communities. In exchange for new investments in these communities, investors receive preferential tax treatment. As traditional as it sounds, the QOZ program is...