Springs Valley Bank & Trust Pledges To Cultural Center; Jasper LEADS Efforts

Proposed Jasper Cultural Center

Proposed Jasper Cultural Center

Jasper (NNDC) – A local bank says if voters approve a referendum for a property tax levy to build the proposed Jasper Cultural Center, it will donate more than $100,000 to the building effort and other needed projects for the community.

logoSprings Valley Bank & Trust says it will donate $75,000 to the Jasper Public Library Endowment which is currently held with the Dubois County Community Foundation and it will donate $30,000 to the Jasper LEADS Community Fund Drive which will also benefit the building of the Cultural Center.

The Jasper LEADS Fund Drive is a major fundraising effort that will not only benefit the Cultural Center, but will also help pay for needed renovations to Jasper Arts Center at Vincennes University Jasper Campus, as well as renovations at the Astra Theatre and help with funding the proposed Courthouse Square project in Jasper.

The referendum which is on the 2016 General Election ballot in Dubois County will ask voters served by the Jasper Public Library to approve the property tax levy that will raise as much as $6.5 million to pay for the library’s “half” of the proposed cultural center.

The Jasper Library Board and others have been active in separate fundraising efforts to lessen the amount of money that would be needed from the proposed property tax levy.

The Jasper Arts Commission is expected to pay for the other “half” of the Cultural Center which would be built at 3rd and Mill streets in Jasper on the site of the former Hoosier Desk factory.    That money is expected to come from economic development income tax (EDIT) funds which the Jasper City Council will need to approve.

The Indiana Economic Development Corporation has already designated $3.4 million in tax credits for the proposed Cultural Center project.  Those credits are contingent upon the referendum passing.

CLICK HERE FOR CONCEPT RENDERINGS OF THE PROPOSED JASPER CULTURAL CENTER

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