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>> HERE'S WHAT'S MAKING NEWS
AROUND INDIANA, BROUGHT TO YOU
BY YOUR INDIANA PACERS.
PERU-BASED SWITCHBOARD

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COMPONENTS FACTORY SCHNEIDER
ELECTRIC HAS ANNOUNCED THAT IT
WILL CLOSE ITS SQUARE D SITE IN
PERU.

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THAT WILL MEAN THE LAYOFF OF
ABOUT 300 EMPLOYEES.
THE COMPANY TELLS OUR PARTNERS
AT WIBC IT'S MOVING OPERATIONS

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FROM PERU TO OTHER STATES AND
MEXICO IN RESPONSE TO, QUOTE,
COMPETITIVE MARKET DYNAMICS.
PURDUE UNIVERSITY EXECUTIVE VICE

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PRESIDENT FOR RESEARCH AND
PARTNERSHIPS SURESH GARIMELLA
HAS BEEN IDENTIFIED AS THE "SOLE
FINALIST" TO BECOME THE

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UNIVERSITY OF VERMONT'S 27TH
PRESIDENT.
THE SCHOOL'S BOARD OF DIRECTORS
WILL VOTE ON HIS APPOINTMENT

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AFTER THE VISITS THE CAMPUS NEXT
WEEK.
PURDUE HAS RECORDED FOUR
CONSECUTIVE YEARS OF RECORD

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RESEARCH FUNDING UNDER
GARIMELLA'S LEADERSHIP.
THE CITY OF MADISON IS HOPING TO
BREATHE NEW LIFE INTO THE EAGLE

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COTTON MILL.
RIVERTON LLC PLANS TO INVEST
MORE THAN $21 MILLION TO
TRANSFORM THE LANDMARK INTO AN

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80-ROOM BOUTIQUE HOTEL AND
CONFERENCE CENTER.
MADISON DIRECTOR OF COMMUNITY
RELATIONS ANDREW FORRESTER HAS

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BEEN AT THE FOREFRONT OF THIS
AMBITIOUS PROJECT.
HE JOINS ME NOW WITH MORE.
ANDREW, WELCOME TO THE PROGRAM.

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>> THANK YOU FOR HAVING ME.
>> I THINK THIS IS A REALLY COOL
PROJECT.
FIRST OF ALL, GIVE US SOME OF

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THE HISTORY OF THE EAGLE COTTON
MILL.
IT DATES BACK, I THINK, TO THE
1800s.

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TALK ABOUT THE MILL AND SOME OF
THE COOL FEATURES.
>> IT DATES BACK TO THE 1880s,
SO IT WAS ACTUALLY A COTTON MILL

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FOR ABOUT 50 YEARS, THEN THAT
COMPANY LEFT AND THEN IT BECAME
ANOTHER COMPANY IN MADISON, AND
IT LASTED UNTIL ABOUT THE

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1980s, AND UNFORTUNATELY AFTER
THAT, IT CLOSED DOWN AND IT'S
BEEN VACANT EVER SINCE.
>> YOU HAVE BIG PLANS TO

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TRANSFORM WHAT HAS BEEN A VACANT
HISTORIC PROPERTY INTO A
BOUTIQUE HOTEL AND CONFERENCE
CENTER.

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TALK ABOUT THE PLANS BECAUSE
THEY ARE VERY AMBITIOUS.
>> THEY ARE.
THE AMBITIOUS PART IS THEY'RE

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LOOKING AT ABOUT A YEAR TO
COMPLETE THIS, AND THE BONES OF
THE STRUCTURE ARE GREAT, IT'S A
FANTASTIC BUILDING, BUT IT'S

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SOMETHING OUR COMMUNITY HAS
WANTED FOR PROBABLY AS LONG AS
IT'S BEEN CLOSED BECAUSE IT SITS
RIGHT ON THE RIVERFRONT, IT'S

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ONE OF THE MOST NOTABLE
BUILDINGS AS YOU'RE COMING
ACROSS THE RIVER FROM KENTUCKY,
YOU CAN SEE IT FROM THE BRIDGE,

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AND WE THINK IT WOULD BE THE
PERFECT OPPORTUNITY FOR A HOTEL
AND CONFERENCE CENTER.
>> FOR A COMMUNITY LIKE MADISON

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IN THAT AREA, MANUFACTURING
CONTINUES TO BE A STAPLE, BUT
TOURISM IS VERY IMPORTAT TOO.
THIS WOULD SEEM TO REALLY PLAY

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RIGHT INTO THAT TOURISM PIECE.
>> PRECISELY.
WE HAVE OVER 350,000 VISITORS TO
MADISON EVERY YEAR, WITH I IS

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REALLY LARGE FOR A COMMUNITY OUR
SIZE, BUT THE GREAT THING ABOUT
THE TOURISM INDUSTRY IS THAT IT
HELPS SUPPORT OUR MOM AND POP

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RESTAURANTS AND BUSINESSES ON
MAIN STREET THE TO HELP KEEP
THAT VIBRANT.
>> KEY PART OF THIS TOO, I

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THINK, I DON'T THINK YOU'RE
GETTING ANY MONEY FROM THIS, BUT
MADISON WAS DESIGNATED IN 2017
AS A STELLAR COMMUNITY, WHICH

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FOR THOSE WHO GET THE IT IS A
REALLY BIG DEAL.
AND REALLY HELPING THIS PROJECT
MOVE?

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>> CERTAINLY.
THE STELLAR COMMUNITY
DESIGNATION HELPED PROPEL THIS
PROJECT REALLY TO THE TOP OF THE

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LIST.
AS WE WERE PUTTING TOGETHER OUR
COMPREHENSIVE PLAN, AS WE WERE
PUTTING TOGETHER ALL OF THE

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COMMUNITY ENGAGEMENT THAT
STELLAR REQUIRES, THAT REALLY
HELPED OUR COMMUNITY FOCUS ON
WHAT IT WANTED, AND THIS PROJECT

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ROSE TO THE TOP, AND WITHOUT
STELLAR, I DON'T THINK WE'D BE
SITTING HERE TODAY TALKING ABOUT
THIS PROJECT.

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>> FINAL QUESTION FOR YOU TO
KIND OF SPECULATE OR LOOK
FORWARD ONCE THIS IS OPEN, WHAT
DO YOU THINK THIS CAN MEAN FOR

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THE COMMUNITY, ESPECIALLY FROM
AN ECONOMIC DEVELOPMENT
STANDPOINT, WHAT IT MIGHT
ATTRACT ADDITIONALLY DOWN THE

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ROAD?
>> IT'S REALLY A SHOT IN THE ARM
FOR MADISON.
NOT ONLY BECAUSE IT'S GOING TO

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TO ATTRACT PEOPLE TO OUR
COMMUNITY, ESPECIALLY BEING A
PART OF THE MARRIOTT HOTEL
CHAIN, BUT ALSO BECAUSE WE HOST

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A LOT OF DIFFERENT ENGINEERS, WE
TRY AND BRING IN DOCTORS, YOUNG
PROFESSIONALS, AND THEY WANT TO
STAY IN A PLACE WHEN THEY COME

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TO VISIT OUR COMMUNITY THAT'S
RIGHT ON THE RIVERFRONT, IT'S A
BEAUTIFUL COMMUNITY.
>> AND IT IS ONE OF THE MOST

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BEAUTIFUL SPOTS IN INDIANA.
MADISON, INDIANA.
THE EAGLE COTTON MILL UNDERGOING
A TRANSFORMATION.

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ANDREW FORRESTER FROM THE CITY