The City of Greenwood, IN

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FOR IMMEDIATE RELEASE
November 21, 2016

Cornerstone Autism Center to open second location in former Greenwood city building
City finalizes sale of Polk Building; expansion will create up to 30 new jobs

GREENWOOD, Ind. – Cornerstone Autism Center has announced plans to open its second Greenwood location at the former city building, known as the Polk Building, located at 2 N. Madison Ave. The organization anticipates an opening date in early 2017.

Cornerstone will be the building’s largest tenant, occupying about 16,800 square feet on the top two floors. Total square footage for the building is roughly 24,000 square feet.

The organization will add as many as 30 new jobs. The new positions would include Board Certified Behavior Analysts, Registered Behavior Technicians and administrative staff.

“Since opening in 2010, we have expanded our current location twice to meet the growing needs of families and children who depend on our care,” said Cornerstone founder Debbie Ide. “With an additional location, we are able to expand and specialize our services. We’ve seen a consistent and significant demand for these services in the Greenwood community.”

Cornerstone specializes in one-on-one behavior analysis, serving children and young adults, from ages two- to 22 years old. The organization opened its first location in 2010 when it moved into the historic Polk Canning Company building, located at 360 Polk St., in Greenwood.

Since then, Cornerstone has opened locations in West Lafayette and Columbus, Indiana, and expanded its current location by about 21,000 square feet. The organization has served more than 250 children during its time in Greenwood.

The current location on Polk Street will continue to serve as Cornerstone’s headquarters and a primary location for younger children. The new space will include programming for older children and young adults with autism who are working toward independence and the transition into adulthood, Ide said.

Randy Faulkner & Associates agreed in principle to purchase the building this past April. The sale agreement was finalized on Oct. 6. Faulkner intends to invest approximately $700,000 in the property during the next 18 months.

Greenwood Mayor Mark W. Myers cited the news as a prime example of what’s possible for the city, given careful public planning and investment.

“We knew with the right structure, the former city building could serve as a catalyst for furthering the growth and resurgence of downtown Greenwood,” said Myers. “This couldn’t be a better fit. Cornerstone has quickly become a Greenwood fixture during its time here, and we look forward to the organization’s continued growth and success.”

Additional details of the sale include:

• The city will maintain ownership of the south parking lot. Randy Faulkner & Associates will use the lot during business hours, but the lot will be open to the public on evenings and weekends.

• For a period of 10 years, the company may not request a tax abatement or request a property tax exemption for not-for-profit status, meaning the city will collect taxes on the property for at least the next decade.

Commission President Brent Tilson says the sale and planned renovations fit directly into Greenwood’s TIF district strategy to drive private investment.

“It starts with a commitment from the city,” said Tilson. “City Center, City Center Park, the downtown façade work – these projects have driven developers and business owners to explore and pursue opportunities in downtown Greenwood. Revenue to the city as a result of growth and development will then spur additional public projects to drive even more private activity. It’s a cyclical process that has proven to be successful for many cities.”

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