Overview

This project will provide for the City of Petersburg to extend existing wastewater and water utility service to The Meadows at Parkview, a new single-family workforce housing development. Directly adjacent to the housing development lies Hornady Park, a City of Petersburg public park. This project will also provide for the extension of wastewater utility services into the City Park to serve the park facilities. Additionally, a new set of playground equipment will be installed. The infrastructure expansions will begin within six months of READI funding approval and be completed within one year. The playground equipment will be completed within one year. This project will be carried out by the City of Petersburg, in partnership with Petersburg Park Board, Reinbrecht Homes, the Housing Developer, and Rio Blanco, LLC, the landowner for the housing development. This project will lead to the full development and build-out of the 67-acre site to 164 single-family homes. The developer plans to build around 15 homes per year. At full buildout, the housing development area would provide approximately one hundred and sixty (164) new housing units ranging in value from of $175,000 to $250,000. The municipal partners would utilize a locally designated Single-Family Residential TIF Districts to partner with the private landowners and future home builders to complete the construction of an estimated seventy (60) homes before December 2026. The one new set of playground equipment will be safe and inviting, and enhance the quality-of-life in Petersburg/Pike County.