TERRE HAUTE — Terre Foods Cooperative Market seeks to open its downtown Terre Haute store in the spring of 2010, unveiling plans Friday that include construction of an addition to a building at the corner of Seventh and Poplar streets.
However, to make the market bloom, the cooperative is seeking to get 300 members by the end of this month and more than 500 members at opening.
The cooperative now has 167 members, each paying a one-time, $200 member-owner fee.
“The biggest challenge we face right now is essentially mobilizing capital. Equity capital as well as debt capital from our own membership,” said cooperative member Don Richards, an economics professor at Indiana State University.
“I would like to see $150K [$150,000] before we begin negotiations with lenders, so that we will be taken seriously when we sit down with lenders. We would like substantially more than that. Our total cost is in excess of $1 million,” Richards said.
“We regard this as a good investment. If someone has a few thousand dollars in a savings account or money market account, we present, I think, a good financial alternative to that,” he said. “We are a member-loan program, which pays 3 percent on loan funds, whereas comparably liquid opportunities in banks are not even competitive with that currently. So it is not a bad financial investment and is a wonderful community development gesture.”
Terre Foods Cooperative Market has a purchase agreement on a building at the corner of Poplar and Seventh streets. That building has had several former uses, including a McDonald’s and a state license branch.
The purchase agreement expires in October, but Robyn Morton, president of Terre Foods, said she is confident the cooperative can close on the property within two months.
The plan is to expand that building, adding 2,224 additional square feet, bringing the total to 5,320 square feet. Of that, 3,096 square feet would be retail space. The cooperative is working with MMS-A/E, a Terre Haute architectural firm, on a market design and CDI Construction for the build out of the market and addition.
“The plans will accommodate a full-line grocery store, including meats and dairy, eggs, produce, frozen foods, packaged foods, bulk dry goods and housewares,” said cooperative member Karla Hansen-Speer. “The store will strive to maintain a 75 percent-25 percent split between organic and natural products and conventional products.”
“We are incredibly excited about the plans for this building, which will emphasize green design and the reuse of as much of the original structure as possible, while also helping to contain costs,” Hansen-Speer said.
The market is to create 30 jobs, with five salaried manager positions, with the rest part-time positions, Morton said. “I think the Terre Foods Cooperative Market can bring lots of people downtown, doing something that they were already going to do anyway — buy food,” she said.
“We want to bring those people back to the downtown area. It will bring foot traffic for all the businesses downtown and bolster the immediate downtown tax base,” she added.
The store’s hallmark will be using as much local produce as possible, Morton said.
“We have an interest list of about 16 potential local providers and many of them are regular attendees of the weekly downtown farmers market,” Richards said.
“Part of the inspiration for Terre Foods is to promote the local food movement in our own community. We see this as a natural place for the local food movement to take root, so to speak,” he said.
For those interested in joining the Terre Foods Cooperative Market, the cooperative will conduct an annual meeting from 7 to 9 p.m. Sept. 27 at the Vigo County Public Library, with plan designs and a presentation about the new market.
For additional information, go to www.terrefoods.org.
Howard Greninger can be reached at (812) 231-4204 or howard.greninger@tribstar.com
Local & Bistate
Terre Foods Cooperative Market targets spring 2010 for downtown opening
- Local & Bistate
-
-
Giant welcome home for Steve
Terre Haute was suddenly home to thousands of cheering New York Giants fans Friday as residents welcomed Super Bowl champion Steve Weatherford back home for a parade.
-
‘One for Terre Haute,’ Steve tells crowd at North
“This one was for Terre Haute,” native son Steve Weatherford proclaimed Friday as he shared his Super Bowl victory with the community that helped send him on the path to a world championship.
-
Hometown support vital to success, Weatherford says
Steve Weatherford said Friday he wouldn’t be celebrating a Giants’ Super Bowl victory if not for the support he’s received from his hometown, his parents and mentors in his life.
-
Craning for a rare glimpse
A visitor from the Far East has naturalists flying to Linton, hoping some good comes from one bird’s bad directions.
-
Vigo’s primary election filings complete
The slate is set for the May 8 primary election, with the race for three at-large seats on the Vigo County Council drawing the largest pool of candidates at the county level.
-
Documentary on electric vehicles plays Sunday at Rose
The rising popularity of electric vehicles and their impact on the world eco-system is the focus of a documentary, “Revenge of the Electric Car,” being presented at 3 p.m. Sunday in Rose-Hulman Institute of Technology’s Hatfield Hall Theater.
-
Man gets 10-year sentence in battery case
A West Terre Haute man received a 10-year prison sentence Friday after pleading guilty to aggravated battery for beating a friend caught in bed with the man’s wife.
-
Asian hooded crane lands in Greene County wildlife area
Bird watchers are flocking to a southwestern Indiana wildlife area to try to catch a glimpse of a crane usually spotted only in Asia.
-
Slow drips: It’s maple syrup season in Indiana
More seasonal, colder temperatures will hit the Wabash Valley this weekend, which is ideal weather for maple syrup production, said Keith Ruble, superintendent of the Vigo County Parks and Recreation Department.
However, Ruble voices concern that this year’s maple syrup season may be short.
-
Downtown restaurant celebrates expansion
The streets of Terre Haute were chilly Thursday night, but for the glow of hot pasta inside Louise’s Pizzeria and Cafe.
-
Contract signed for new Y
Papers are signed and the ink is in place for a new YMCA to operate in Terre Haute.
-
City to impose $30 release fee on towed vehicles
The Terre Haute City Council voted without opposition Thursday to impose a new $30 release fee on vehicles towed and impounded by the police as part of a criminal investigation.
-
Valley educators cautious on Indiana’s ‘No Child’ waiver
Indiana is one of 10 states to receive a waiver from federal No Child Left Behind requirements.
-
Driver dies after Illinois school bus crash
“Brace yourself. Brace yourself,” Fay Pickering shouted to her students just before the school bus she was driving crossed U.S. 40 and landed in a ditch Thursday morning.
-
Trial date set for former WTH police chief
A July 23 trial date has been set for a former police chief of West Terre Haute accused of theft.
-
Motorcycle gang member pleads guilty in federal court
A member of an Indianapolis motorcycle gang who delivered methamphetamine to a Terre Haute dealer has pleaded guilty to drug charges in federal court.
-
July trial date set for mother charged with child neglect
A July 30 trial date has been set for a Terre Haute mother charged with neglecting and battering her toddler.
-
Business hosting SPPRAK fundraiser
Java Haute is hosting the latest fundraiser sponsored by SPPRAK — Special People Performing Random Acts of Kindness.
-
Valley high school cooking competition under way today
Clabber Girl Corp. and Gordon Food Services will host the fourth-annual High School Chef Competition, beginning today through Saturday, and again Feb. 18, in the Culinary Classroom at Clabber Girl.
- UPDATE: Marshall, Ill., school bus driver involved in accident dies; cause appears to be cardiac-related
-
Terre Haute road name game
What used to be called U.S. 40 from the Wabash River west through West Terre Haute to Interstate 70 needs to be renamed and, probably, get new street addresses, a Vigo County planner recommends.
-
MARK BENNETT: William Henry Harrison taught us how to campaign
William Henry Harrison is running for president, again.
It seems impossible, because today would be his 239th birthday, and America has never elected a deceased person to the Oval Office. -
Air National Guard cuts won’t hit 181st Intelligence Wing
The Air National Guard is taking the lion’s share of planned cuts announced last week by the U.S. Air Force. But no cuts are currently expected at Terre Haute’s 181st Intelligence Wing. In fact, the nation’s evolving defense strategy may spell growth at the local base.
-
Friends group takes over Ernie Pyle home in Dana
The western Indiana home in which renowned Hoosier journalist Ernie Pyle was born and an adjacent museum dedicated to preserving his legacy as a World War II correspondent have a new owner.
-
ISU rec center pool out of service while being repaired
Indiana State University is spending about $10,000 to repair a swimming pool at the Student Recreation Center, which opened in 2009.
-
Clinton man throws away, then recovers, $50,000 ticket
A Vermillion County man found himself in a scenario that strikes fear in the heart of Lottery players everywhere. He threw away a $50,000 winning ticket.
-
Show to feature talents of artists with disabilities
Artists whose disabilities have overshadowed their work get a chance to shine in the light of a prodigy this coming month.
-
Fort Wayne forester tells of damage
The emerald ash borer likely will cause as much as $8 million in damage to Fort Wayne’s ash trees by 2015, the city’s manager of forestry operations told a Terre Haute audience Tuesday.
-
Unclaimed assets now part of Goodwill auction site
Many of Indiana’s unclaimed assets are now on Goodwill’s online auction site, Indiana Attorney General Greg Zoeller announced Tuesday.
-
Toyota to increase Highlander output in Indiana
Toyota will increase production of the Highlander mid-size SUV in late 2013 at the company’s Princeton, Indiana plant. Hybrid and export versions will be included. The project is expected to create about 400 new jobs at Toyota Motor Manufacturing Indiana Inc.
- More Local & Bistate Headlines
-
Video of M.I.A's Obscene Halftime Gesture
Obama Scraps Birth Control Mandate
US Airmen's Killer Sentenced to Life in Germany
Navy Names Ship for Gabrielle Giffords
5 Killed in Wrong-way Crash on I-10 in La.
Raw Video: Deadly Blasts in Syria
Raw Video: Italy's Mount Etna Bursts Into Life
Uzbek Man Pleads Guilty in Plot to Kill Obama
Romney Slams President Obama at CPAC
Woman Pleads Guilty in 1987 Newborn Kidnap Case
Raw Video: Rough Seas Stop Oil Removal
Gingrich: Pres. Obama 'waging War on Religion'
Test on Comforter in Powell Unit Shows Blood
Winter Slamming North Asia, Parts of Europe
Denver's Largest-Ever Drug Bust Nets Dozens
Androgynous Model Walks Runway As Man and Woman
Marines: No Punishment for Nazi-like Flag
Raw Video: School Bus Burst Into Flames
Syrian Forces Renew Bombardment of Homs
Skaters Still Hold Hope for Dutch Marathon
First glimpse of Blue Ivy Carter
Absolute Lin-sanity
Angry Dad Shoots Teens Laptop
Hero Driver Saves Kids From Burning Bus
Funeral to be held for Powell boys
Kobe was 'rooting for Patriots' in Super Bowl
Sandusky on having to stay inside and people turning on him
Wookie Sensation
Woolly Mammoth Caught on Camera?
Sandusky makes a statement
Did JLo 'Assault' Marc Anthony on Camera?
Christie Brinkley's Runway Slip
Toddler forced to run half-naked in snow
Halle Wants to Leave the Country
Northern Lights shine above earth
Plane makes perfect belly landing
Kris Jenner New Face of Arousal Oils
