Accelerate Rural Indiana Project Portfolio
Batesville’s
Lakeshore Villages
Background
Project Cost: $66,000,000
READI Funds: $500,000
Local Match: $500,000
Private Match: $65,000,000
READI Priorities Addressed
Talent Attraction and
Development
Lakeshore Village is a project proposed by developers to create a mixed-density residential development on the southern end of the Bischoff Reservoir. With outstanding access from Highway 129, this development is specifically designed to attract a broad range of buyers with multiple price points and product types.
This plan includes the development of 53 “estate” lots at a minimum of 10,000 square feet, 30 “cottage” lots with a minimum of 7,200 square feet, and approximately 81- 111 “village” lots with a minimum of 4,200 square feet. Senior Lifestyle Units are planned as a second phase of the development. The second phase includes the construction of approximately 151-191 ‘lifestyle’ apartments and 24 duplex patio home lots.
Local and READI contributions to the project cost will be earmarked for extending sewer, water and road improvements to the site to support the development.