The demolition phase has successfully been completed on the former Indiana Steel & Wire property on Muncie's east side. Now the location will be home to the Kitselman Pure Energy Park.
Construction on the Energy Park officially began yesterday.
The new park will include a five-megawatt solar power plant, community center with educational classrooms, headquarters building for DD Dannar and a mid-sized hotel, according to a press release. There will also be a public green space and electric charging stations.
The development is part of a larger Kitselman Gateway initiative, which includes the State Highway 32 bridge replacement, the Kitselman Trailhead development and the redevelopment and installation of the Albany Bridge.
“The work done to this point has been laying the groundwork for a successful construction phase and we are excited for the site to begin its transformation,” said Mark Peters, owner of KPEP in a press release. “Once complete, we will have taken an unsightly, underutilized piece of land and created a mixed-use space that breathes new life into this corridor of Muncie.”
In June, KPEP was granted the largest Industrial Recovery Tax Credit (DINO credit) in the state to support the project.
KPEP and its partners plan to invest over $60 million to rehabilitate the area.
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