The Herald Bulletin

Morning Update

Local Business

July 27, 2010

City borrows $170,000 for trail

Construction to allow airport-area access as Mounds Road closes

ANDERSON, Ind. — The Board of Public Works voted Tuesday to borrow $170,000 to build a trail that will give Chesterfield emergency responders access that will be lost when Mounds Road inside Anderson Municipal Airport property closes.

“The (Federal Aviation Administration) ordered us to shut the road some time ago,” Works Board Chairman Greg Graham said. An agreement was later reached in which the road would stay open until a trail could be built, he said.

An agreement between Anderson and Chesterfield dates back at least seven years, Graham said. Since then, Mounds Road inside Anderson Municipal Airport property has fallen into disrepair because of its expected closing after the FAA required the perimeter of the airport be fenced.  

The new trail is designed to be 10 feet wide and run behind American Legion Post 408 before connecting back to Mounds Road outside the airport.

City engineer Mike Spyers said the trail is designed for emergency vehicles but would be closed to other vehicles. Graham said pedestrians and bicycle traffic would be allowed.

Graham said the order to close the road to traffic stems from an order by the Department of Homeland Security.

Though the project has been in the works for years, it is a part of a larger agreement between Anderson and Chesterfield officials on matters in which the two municipalities have common interests. “We felt like we needed to keep our word,” Graham said.

Spyers said there remains right of way to acquire for the trail, but he said the project is expected to be completed in September 2011.

The board approved the loan quote that provided the lowest interest rate over three years, from MainSource Bank. The loan offered a rate of 3.12 percent and three annual payments of $60,393. “This is a good example of shopping around with local banks,” board member Shirley Weatherly said.

Graham said the loan would be repaid with food and beverage tax money.

Contact Dave Stafford: 648-4250, dave.stafford@heraldbulletin.com

Text Only
Local Business
  • 0211 news STAR Trading Room_AU 49A.jpg Wall Street atmosphere alive at AU

    Surrounded by a stock market ticker and television screens showing the latest stock prices and world financial news, Federico Boscaini purchased 230 shares of Chevron stock for more than $24,000. He did it in a financial stock trading room at Anderson University — and with university funds.

    February 10, 2012 1 Photo

  • Volunteers needed for Daffodil Days benefit

    The American Cancer Society is looking for individuals, businesses and organizations to help with its upcoming Daffodil Days program.

    February 8, 2012

  • susan miller mug Susan Miller: Minds made better thanks to lists

    Not all lists are created equal. Indeed, there is an art and a science to list crafting.

    February 8, 2012 1 Photo

  • 0208 news robbery suspect.jpg Gunman robs Old National Bank

    A gunman escaped with money from a southside Anderson bank Tuesday afternoon.

    February 7, 2012 1 Photo

  • Dulaney c.jpg Emmett Dulaney: The tragedy of the insurance commons

    In basic economics, students often hear of the concept of “the tragedy of the commons.” In overly simplistic terms, this is a situation in which many individuals share a limited resource.

    February 6, 2012 1 Photo

  • FILE-Casino Grand Opening-155a.jpg Report: Hoosier Park leaves economic mark on county

    Tourism has become big business in Madison County and Hoosier Park  Racing & Casino is the star attraction, concludes a recent report from the Anderson/Madison County Visitors & Convention Bureau.

    February 6, 2012 1 Photo

  • 0207 comm Ron Cross_nurse 09a.jpg Call answered decades later

    Ron Cross' family and friends thought he was crazy for quitting a well-established career, but Cross thought there was something better out there for him. And he wanted to set a good example for his children — now 17 and 24 — by going to college.

    February 6, 2012 1 Photo

  • Gerry Dick Gerry Dick Business Briefs: Feb. 5

    A compilation of business news items of local and statewide interest, provided by writer Gerry Dick.

    February 4, 2012 1 Photo

  • Clark, Big Joe.jpg 'Big Joe' Clark: Housing market yet to bottom out

    As housing prices slow their massive drop from the highs we saw in 2006, economists and market analysts alike want to have their voices heard when they call for a bottom in the housing market. It just isn’t time yet.

    February 4, 2012 1 Photo

  • 0204 news Super Bowl fans in town04a.jpg Rivals back home, friends here

    Football fans began arriving here for Super Bowl XLVI on Friday, bringing together complete strangers, families and old fraternity buddies.

    February 4, 2012 1 Photo 1 Video

Photographers’ pick
Stocks
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Popular Searches
Powered by Local.com