logo
Thrive West Central to hold ribbon-cutting for new housing development

Thrive West Central to hold ribbon-cutting for new housing development

Yahoo03-06-2025
TERRE HAUTE, Ind. (WTWO/WAWV) — Wednesday afternoon, Thrive West Central will hold a ribbon-cutting ceremony to celebrate the newest addition to the Homes for the Future Program, the Bear Creek Townhouses.
The new development will bring 42 maintenance-free townhomes to the east side of Terre Haute and will go on sale in the mid $300,000 range.
Thrive West Central celebrates new housing development
According to Thrive West Central, each house will feature approximately 1,991 square feet of living space, including three bedrooms, two and a half bathrooms, a two-car garage and high-end appliances and fixtures.
'The community will also include sidewalks, paved roads, green spaces, and a dog park—offering a vibrant, low-maintenance lifestyle for residents of all ages,' said Thrive West Central.
Thrive West Central said this development was led by local developer Jon Mutchner and was made possible through funding provided by the City of Terre Haute via American Rescue Plan Act dollars.
Thrive celebrates completion of housing project
'This project marks a significant investment in the future of housing in our region and represents a strong partnership between Thrive West Central, the City of Terre Haute, and local leaders,' said Thrive West Central.
The ribbon-cutting ceremony will be held at 3:00 p.m. on June 4 at South Fruitridge Avenue and Hulman Street, Terre Haute.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

If I Could Only Buy and Hold a Single Stock, This Would Be It
If I Could Only Buy and Hold a Single Stock, This Would Be It

Yahoo

time5 hours ago

  • Yahoo

If I Could Only Buy and Hold a Single Stock, This Would Be It

Key Points Amazon and its management team are experienced with trying new things. Every success or failure, however, is a learning experience. History has shown that companies that foster innovation and don't punish failure tend to thrive, while those that fear it or are unwilling to adapt often struggle. 10 stocks we like better than Amazon › Investors can own as many individual stocks as they want and can afford. Sometimes, though, hypothetically imagining that you're limited to just one can be enlightening. That thought experiment forces you to rate and rank the strengths and flaws of every investment candidate on your radar. This process can -- in a good way -- really help you narrow down your list to a small handful of top options. Or one. And I know exactly which one that would be for me. If I could only buy and hold a single stock, it would be Amazon (NASDAQ: AMZN). Here's why. What Amazon really is You very likely already know the company. Amazon is, of course, the king of North American e-commerce, accounting for nearly 40% of the market's total revenue, according to research by Digital Commerce 360. It's doing alright overseas, too. Then there's its cloud computing arm, Amazon Web Services, which provides a relatively small portion of its revenue, but is responsible for nearly 60% of the company's operating profits. However, these numbers still don't even come close to telling the whole story. Amazon also manages an on-demand video platform (Prime), owns grocery store chain Whole Foods Markets, does delivery work for other online retailers, and sells prescription pharmaceuticals through its Pillpack arm. It also monetizes its online mall by allowing its sellers to pay for more prominent promotion, creating an advertising business that generated $15.7 billion in revenue last quarter alone, by the way. On top of all that, it owns websites and Twitch, and is the parent to camera-doorbell brand Ring. There's a method to the madness behind these seemingly disparate lines of business, though. While most companies focus on doing one or two things extremely well, Amazon has orchestrated several different lines of business, each of which fuels another, and each of which is fueled by another. The result is a mesh of different profit centers that ultimately funnels consumers and corporations into Amazon's ecosystem. Yes, it's complicated, but yes, Amazon can handle it. That's not quite the only reason I'd be willing to make Amazon my one and only stock holding, though. Jeff Bezos started it Companies founded or grown by bigger-than-life leaders can make for potentially problematic investments. It's just difficult to determine if it's the company that's something special, or the person. If it's the person, what happens when that individual is no longer at the helm? Case in point: General Electric was never quite the same after Jack Welch stepped down as CEO in 2001. Steve Jobs was also nearly synonymous with Apple until he passed the torch to Tim Cook in 2011. While Cook has been a solid successor, he's arguably not quite as captivating or magical as his predecessor. Neither is Apple under him. Still, most high-profile chief executives -- and founders in particular -- manage to leave their mark on their company's culture. That imprint remains part of the organization's ethos even in their absence. While current Amazon CEO Andy Jassy is no Jeff Bezos, for instance, Bezos' philosophy remains. Take, for example, the company's willingness to experiment. As Bezos noted in his 2016 letter to Amazon's shareholders, "Most large organizations embrace the idea of invention, but are not willing to suffer the string of failed experiments necessary to get there." That does not describe Amazon, though. Bezos made a point of fostering a "fail fast, fail often" work culture that did end up producing some failures, such as the Fire smartphone. Such experiments, however, also led to the creation of Amazon Web Services and Amazon Prime, the latter of which has been a massive growth driver for the company. Now Jassy is blending his own mindset with Bezos'. As he said while discussing the company's core 16 leadership principles, "At Amazon, you are not just empowered to speak up if you think we're doing something wrong for customers of the business. You're expected to do so, regardless of level." It works. Amazon is an even bigger company now than it was when Bezos stepped down as CEO. Don't underestimate the power of a willingness to innovate Many investors will point out that a healthy corporate culture doesn't pay the bills. I agree. At some point, to thrive, every company must sell its products or services profitably. Amazon is no exception. History has shown, however, that companies with corporate cultures that encourage innovation and don't punish failure tend to prosper while organizations that are cautiously and defensively managed often struggle. Compare Alphabet today to post-Welch GE, for instance. The manufacturing conglomerate ultimately hit a wall after years of obscuring the true depth of its insurance arm's liabilities from a management team that might have been able to fix them (although the company didn't exactly embrace the advent of the digital age either). Or compare Blockbuster to Netflix. The once-giant video rental chain infamously had a chance to buy the latter for a mere $50 million back in 2000. At the time, Blockbuster was doing on the order of $4 billion worth of business per year, and could have easily purchased Netflix, if only to take its budding competitor out of the market. But it didn't. In its defense, Blockbuster's decision at the time wasn't quite the obvious misstep it seems in retrospect. Remember, Netflix wasn't yet streaming then. It was still only renting DVDs by mail. Given Blockbuster's dominance of the brick-and-mortar movie rental business back in 2000, the logistics behind this new kind of movie rental business model understandably didn't make sense to the now-defunct company. In many regards, though, that story underscores the underlying theme here in an even more effective way. Even if Blockbuster didn't want Netflix, Blockbuster certainly could have leveraged its own powerful brand to become a streaming powerhouse. Likewise, if not Netflix, some other enterprising outfit would have eventually launched the streaming-video business. Netflix was simply the outfit that tried the idea out first, knowing when it did so that it might end in failure. So for my money, I'll bet on a company that is experienced with managing experiments' successes as well as failures -- and learning from both -- to evolve and thrive. That said, it certainly doesn't hurt the bullish argument that Amazon has the financial flexibility to experiment. With its $2.5 trillion market cap, it does more than $600 billion worth of business per year, and turns about $60 billion of that into net income. Meanwhile, it's only sitting on a little over $80 billion in long-term debt. It's much easier not to fear failure when you can actually afford to take big swings, miss, and try again. Should you invest $1,000 in Amazon right now? Before you buy stock in Amazon, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Amazon wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $668,155!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,106,071!* Now, it's worth noting Stock Advisor's total average return is 1,070% — a market-crushing outperformance compared to 184% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 18, 2025 James Brumley has positions in Alphabet. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, and Netflix. The Motley Fool recommends GE Aerospace. The Motley Fool has a disclosure policy. If I Could Only Buy and Hold a Single Stock, This Would Be It was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Shelby and Story counties to pursue U.S. Supreme Court action on local pipeline ordinance case
Shelby and Story counties to pursue U.S. Supreme Court action on local pipeline ordinance case

Yahoo

time9 hours ago

  • Yahoo

Shelby and Story counties to pursue U.S. Supreme Court action on local pipeline ordinance case

The Shelby County Board of Supervisors voted Aug. 19 to petition the county's case against Summit Carbon Solutions to the U.S. Supreme Court. (Photo by Cami Koons/Iowa Capital Dispatch) HARLAN – County supervisors in Shelby and Story counties voted Tuesday to pursue further legal action in their case against Summit Carbon Solutions pertaining to county-specific ordinances on hazardous liquid pipelines. A U.S. district judge and federal appeals judges have previously ruled on the case in favor of Summit and now the counties are seeking a review of the rulings from the U.S. Supreme Court, though a Summit filing holds the ordinances would still be preempted by state laws. SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX In Harlan, at the Shelby County Courthouse, landowners opposed to the pipeline gathered to thank the supervisors. Sherri Webb, an affected Shelby County landowner, said Iowans across the state look to Shelby County and say 'I wish you were our supervisors.' 'Thank you,' Webb said, noting that it's no small feat to decide to appear before the Supreme Court. 'No matter what, I'm behind you guys,' Webb said. Another landowner, Jan Norris who lives in Montgomery County and is a neighbor to the pipeline route, called the board a David standing up to a 'well-resourced and motivated' Goliath. 'Your constituents may not know how lucky they are, but I do,' Norris said. 'Because my board has chosen to play it safe and avoid the fight.' Norris and Webb have been active at their respective county supervisor meetings since they first learned of the Summit project several years ago. The pipeline would connect to biorefineries across the state and transport liquid carbon dioxide through Iowa, Minnesota, Nebraska, South Dakota and to underground storage in North Dakota. The two said the actions of the Board of Supervisors are important for maintaining local control and working toward standards they believe will be safer and better for their properties. Norris said if the outcome of the case is reversed and in favor of the counties, it will benefit many Iowa counties, and other states impacted by the pipeline and similar projects. 'You guys are doing your job and you shouldn't be sued for doing your job,' Webb said. Cindy Hansen, who lives in Ankeny but owns affected land in Shelby County with her sister, said the supervisors have restored some of the hope in the state that she had lost from the actions of the Iowa Utilities Commission and state legislators. The Shelby County board said the cost of the lawsuits 'have mounted,' but have been covered by the county's insurer, ICAP, and by a fund the board created, shortly after it was sued by Summit in November 2022, that uses American Rescue Plan Act dollars to cover the costs. A copy of both counties' letter of engagement, obtained by Iowa Capital Dispatch, shows fees for the endeavor would be capped at $60,000. Mike Kolbe, one of the Shelby County board members, said the budget was a consideration in the decision, but with the fund and continued coverage from ICAP, Kolbe said the county can afford it 'with no cost to the taxpayers.' Bryce Schaben, the chair of the Shelby board, said the feedback he has received from his community showed there was only one way forward. 'Everything we've heard is to do what we did today,' Schaben said following the meeting. 'When you get that kind of support, it's an easy decision.' Schaben said if the Supreme Court follows the direction of the previous courts on the case, he will be confused. 'It's very confusing that the rulings don't want to make our counties safe,' Schaben said. 'That's what it comes down to.' Ordinances in both counties established setbacks and permitting requirements for the pipeline company to construct in the county. Summit argued, and a federal judge in the Southern District of Iowa ruled, the ordinances were preempted by federal pipeline safety standards. The counties appealed the case, and judges for the Eighth Circuit court of appeals concurred with the lower court, though one judge partially dissented on the case. Story County supervisors approved the decision as part of a consent agenda and did not discuss the decision to engage the D.C. law firm on the suit. Steve Kenkel, a former Shelby County supervisor who now serves as an adviser to the board on topics related to the pipeline, quoted Iowa Code where it directs county supervisors to 'protect and preserve the rights of their constituents.' 'That's what we're trying to do here,' Kenkel said. 'Without county zoning ordinances, the tools supervisors presently have in their tool box … will be tools of the past if this ruling is allowed to stand.' Both counties voted to engage Kellogg, Hansen, Todd, Figel & Frederick P.L.L.C. to petition the Supreme Court. Summit has sued several counties for similar county ordinance issues, including Emmet, Kossuth and Palo Alto counties. The later-filed cases have been paused while Shelby and Story counties' case was heard and then appealed. The two counties also petitioned the U.S. Court of Appeals for the Eight Circuit for an en banc rehearing of the case in July, which the court denied. The other affected counties have requested stays through this process again as Shelby and Story counties decided to take the case to the Supreme Court. Summit's legal team submitted a motion to lift the stay for these other counties, arguing that regardless of the outcome of the Supreme Court petition, the county ordinances would be preempted by state laws. 'Any county ordinance—including the one here—that attempts to impose additional permitting requirements, control pipeline routes, or regulate construction and operation is preempted by state law,' the motion said. The Summit motion for leave of stay in Kossuth County also said certiorari from the Supreme Court was 'unlikely in general' and 'particularly unlikely' in Shelby and Story counties' case. The motion holds that the Supreme Court could only review whether or not the ordinances were preempted by federal pipeline laws. Still in place, it argues, would be a piece of Iowa Code that gives the Iowa Utilities Commission the authority to set pipeline routes. This was noted in the ruling from the Eighth Circuit. Here, the judges explained that a county would be inconsistent with state law, and therefore preempted, if it denied a local zoning permit application from the pipeline company to build on a location that had been approved by the IUC. The appellate court decision notes some other states cede this power to local governments and might not be preempted as Iowa counties are. Kenkel argued Tuesday that if the Supreme Court did not act in the counties' favor, the IUC would not be able to route the pipeline based on safety considerations. These and permitting and setback regulations, he said, would instead be up to the federal Pipeline and Hazardous Materials Safety Administration's rules. State Auditor Rob Sand, a Democrat who is running for governor, stopped in Harlan Tuesday as part of his campaign tour across the state. Among the things he was asked by the bipartisan crowd at Milk & Honey restaurant downtown: How would he protect property rights from such projects? Sand said he does not support eminent domain for CO2 pipelines, 'period.' The comment was met with applause, especially considering some of the crowd had filed across the street to the restaurant after the board meeting. Sand said there are two main reasons why he feels this way. He said he is 'deeply skeptical' that a carbon capture pipeline can be considered a common carrier and if 'there is a true public purpose' to the project. 'You can be a supporter of agriculture in the state of Iowa and a supporter of ethanol, and say that the carbon capture pipeline ain't it,' Sand said. Sand said there are other options to sequester CO2 that have an established market. Sand said Gov. Kim Reynolds' lack of action, or public opinion on the issue has been her 'single biggest failure.' 'Never in the state of Iowa, if there's a tremendous issue with lots of people showing up at the state capitol every single year for the legislative session, will I let five years go by before I decide to maybe share my opinion, only after a bill gets passed,' Sand said. Reynolds, a Republican, is not seeking reelection. SUPPORT: YOU MAKE OUR WORK POSSIBLE Solve the daily Crossword

Databricks CEO says fresh $1B will help him attack a new AI database market
Databricks CEO says fresh $1B will help him attack a new AI database market

TechCrunch

time14 hours ago

  • TechCrunch

Databricks CEO says fresh $1B will help him attack a new AI database market

Databricks is in the process of closing a fresh round at a $100 billion valuation, sources confirmed to TechCrunch. The round was originally reported by the Wall Street Journal. A source familiar with the deal tells TechCrunch exclusively the new round is about $1 billion, and was wildly oversubscribed. Databricks, best known for its data analytics products, refrained from selling even more equity because it didn't need cash for operations after its once record-breaking $10 billion raise at a $62B valuation in January, according to the source. (OpenAI has since squashed the record with a $40 billion raise in March.) The round was co-led by both Thrive and one of Databrick's early investors, Insight Partners, TechCrunch has learned. These two firms led the last round, as well. The company has now raised about $20 billion since it was founded in 2013. This was a primary round, meaning it didn't include employees selling their shares. However, sources close to the company say Databricks has already had two secondary rounds for employees in 2025. Those offers allowed employees to sell up to 40%, 50%, or up to 60% of their shares, depending on the size of their holdings. In both cases, the source said, the full funds available for the secondary round were not maxed out, meaning employees held onto more shares than they could have sold. While Databricks clearly isn't in a hurry to IPO, employees have had two recent chances to cash out shares. This new round, however, was raised to pursue two specific projects — a database for AI agents and its AI agent platform — Databricks co-founder and CEO Ali Ghodsi told TechCrunch in an interview. The company will invest heavily in its database for AI agents, making it generally available to all customers. It launched the product, known as Lakebase, in June at its annual tech conference. Lakebase, which is based on the open source database Postres, is enterprise-grade and supports corporate developers' vibe coding projects. This makes it a competitor to Supabase. Techcrunch event Tech and VC heavyweights join the Disrupt 2025 agenda Netflix, ElevenLabs, Wayve, Sequoia Capital, Elad Gil — just a few of the heavy hitters joining the Disrupt 2025 agenda. They're here to deliver the insights that fuel startup growth and sharpen your edge. Don't miss the 20th anniversary of TechCrunch Disrupt, and a chance to learn from the top voices in tech — grab your ticket now and save up to $600+ before prices rise. Tech and VC heavyweights join the Disrupt 2025 agenda Netflix, ElevenLabs, Wayve, Sequoia Capital — just a few of the heavy hitters joining the Disrupt 2025 agenda. They're here to deliver the insights that fuel startup growth and sharpen your edge. Don't miss the 20th anniversary of TechCrunch Disrupt, and a chance to learn from the top voices in tech — grab your ticket now and save up to $675 before prices rise. San Francisco | REGISTER NOW 'The database market is $105 billion of TAM, of revenue, sitting there, kind of unaffected in the last 40 years,' Ghodsi told TechCrunch, giving a subtle nod to how database giant Oracle has had a lock on the market for decades. TAM refers to the total addressable market. 'Here's the interesting statistic nobody's paying attention to: a year ago, we saw in the data that 30% of the databases were not created by humans. For the first time, they were created by AI agents. And this year, the statistic is 80%,' he said, adding that he predicts this stat to increase to 99% of new databases within a year. 'There's a new user. The user is not human. It's an AI agent, and if we just double down on making that user persona successful, that's the wedge to disrupt that TAM,' he said. As for how Lakebase will differentiate from Supabase and others already building Postgres-based databases for agents, Ghodsi said the key is 'separated compute and storage.' By untying the pricey compute from the lower-cost storage, Databricks can affordably let users create many databases. 'Because these agents are super fast. They just spin up lots of databases, much faster than humans can, but you don't want to go bankrupt because you're doing that,' he explained. The second project Databricks will be investing heavily in is AI agent platform Agent Bricks, also launched in June. 'Everybody's super focused on super intelligence,' Ghodsi said. 'But that's not what we need in organizations.' Rather than artificial general math geniuses or cancer-curing scientists, what companies need are agents that can reliably handle, unaided, mundane tasks like onboarding employees or answering personalized questions about HR benefits. 'I think that's a much bigger opportunity, actually, for the worldwide GDP and for organizations,' he said. He believes that such focus will give Agent Bricks a competitive advantage. He also raised the extra cash so Databricks can get into the AI poaching wars. 'As you know, it's pretty expensive to hire AI talent right now,' he smiled.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store