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From the board meeting: purchase agreement for Powerhouse approved, May 5 event planned

April 27, 2014

At its Saturday morning session, the Board of Trustees unanimously approved a Definitive Purchase Agreement that outlines the terms for the college to purchase the Blackhawk Generation Station from Alliant Energy/WPL.

The DPA formalizes the college’s agreement with Alliant Energy/WPL, and sets the terms for the building’s sale and transfer, should the college successfully raise the money needed to turn the building into an activity and recreation center for the college. Management at Alliant will vote on the DPA this week.

The approval on the college’s end signals the board’s continued interest in the Powerhouse project, and Alliant and Beloit College’s shared commitment to pursuing that future outcome.

“This is two-and-a half years in the making,” said Christina Klawitter, dean of students, after Saturday’s session. “There’s been incredible good will between Alliant and the college throughout that time, a commitment to open dialogue and partnership, and a seriousness and enthusiasm about this project. I’m just thrilled that we’re this much closer to making this building a reality.”

The board of trustees, which spent much of its Friday committee sessions discussing aspects of the project, also used its Saturday morning session to endorse next steps, which include forming a building committee to aid in the next stages of the project.

Powerhouse project update scheduled for May 5

On Monday, May 5, the college will host a campus event to bring the community up to speed on the Powerhouse project. The event is tentatively scheduled for 12:30 p.m. in Moore Lounge. (More details to come.)