Stage 1. Initial Planning.
The first year of the program consists of project planning, property acquisition, procurement, grant and contract approvals by all three state agencies, as well as starting project design.
Stage 2. Transitional: Planning to Implementation.
The second year of ISCP entails executing design and environmental assessments. This involves communities shifting from planning into implementation of projects in the target areas.
Stage 3. Implementation and Continuum of Support.
The third year and final stage of the program consists of full implementation and construction of improvement projects in target areas.
Princeton's Planning & Implementation
After a community is awarded the Stellar designation, it enters into the next phase of the process. This phase consists of three stages from initial planning toward implementation in a three-year timeframe.
Princeton completed Stage 1. Initial Planning and Stage 2. Transitional Stage. Princeton is now in the final stage (Stage 3. Implementation and Continuum of Support) of the program consists of full implementation and construction of improvement projects in target areas.
As of December 2014, Princeton has made significant strides in the implementation of its strategic community investment plan. For instance,
Source: Sagamore Institute, 2015; Downtown Princeton, 2015.
Source: Sagamore Institute, 2013; City of Princeton, 2012; Indiana Economic Digest, 2014; Downtown Princeton Facebook, 2015.
Source: City of Princeton, 2012; PrinceStreetCottages.com, 2015; VSP Architects, 2014; Tri-State Media.com, 2015; Milestone Ventures, 2015.
Source: Behance.net, 2015. Available online at https://www.behance.net/gallery/15509485/Princeton-Bicentennial-Park
The senior housing investment is an estimated $6.3 million worth of investments. In addition, downtown facade improvements and the theater renovations comprise an estimated $6.7million in investments.
Click here for more information on Princeton's Stellar Projects.