Terre Haute, Ind. (WTWO/WAWV) — Terre Haute leaders have repeatedly pointed to 2020 as a big year for city development. This thinking is based on several projects slated to bring economic growth to the city and surrounding areas. Here’s a timeline of when some of these projects are slated to break ground and/or be completed:
In January, the Terre Haute City Council will hear a proposal from Pyrolyx USA to issue a bond for an expansion of their facility on the city’s north side. Terre Haute’s Economic Development Commission approved $70 million in revenue bonds in December.
Pyrolyx, a German-based manufacturing company, has a current facility in the Fort Harrison Business Park. Pyrolyx CEO Thomas Redd says the new facility will bring approximately 50 jobs to the area, with a total annual payroll of $2.5 million. Construction costs on the second facility are estimated at $52 million.
Local leaders say Terre Haute should see a groundbreaking on a casino on the city’s east side in spring 2020. The Indiana Gaming Commission still has to approve Spectacle Entertainment’s bid for the casino – the only bid submitted for the Vigo County casino license – which would make the casino a Rocksino.
The revenue from a Terre Haute casino is expected to bring $10 million annually to the city, between 850,000 and 1.1 million people a year, and roughly 800 jobs. Construction will last 14-18 months.
Nearby, a VA clinic is set to break ground in the spring as well. Veteran Health Indiana says the $40 million project will result in a facility that can serve as many as 10,000 veterans.
Services provided within the new clinic will include an eye clinic, audiology, physical therapy, a lab, a pharmacy, and prosthetic programs.
Officials say they hope to break ground in May or June and will need about 13 months for construction.
Saturn Petcare is expected to being production at its Terre Haute location starting in June. The German-based pet food company invested $38 million to renovate the old Pfizer building in the Vigo County Industrial Park off of U.S. 41.
The company has said it will bring around 200 jobs to the area by 2024.
The Terre Haute Convention Center, which leaders broke ground on in September, is scheduled to be completed by spring 2021.
Officials say the convention center will be able to accommodate 800-1000 people for a convention and up to 1800 people for an event where crowds would be fluid.
The convention center is an investment totaling around $50 million. A food and beverage tax passed in 2018 has helped absorb some of those costs.