Two more milestones for "Impact Warren" will be reached this week.

A ribbon-cutting and open house for the new Allegheny Point apartments will be held on Thursday and dedication of the innovative geothermal system which will serve Allegheny Point as well as other "Impact Warren" buildings will take place on Wednesday.
Tenants are already moving in to Allegheny Point, the apartments adjacent to Soldiers and Sailors Park, according to Bob Yoder of Susquehanna Valley Development, developer for Warren's $50 million downtown and riverfront revitalization project.

"Twelve people have already moved in," Yoder said on Tuesday. "There are still a few units left."

Yoder said at least one two-bedroom apartment has not yet been rented and there are also a few other one-bedroom apartments not rented.

Allegheny Point has 20 one-bedroom and four two-bedroom units. Three of the units are designed to meet the needs of those requiring the use of a wheelchair and/or apparatus for the hearing or sight impaired.

Each apartment is equipped with a stove, refrigerator and geothermal heating and cooling system.

Tenants must be at least 62 years of age and the age requirement applies to all the tenants of an apartment.

For two people to qualify financially for a one- or two-bedroom apartment, the combined household income can be no more than $23,280. For a single person, the maximum allowable annual income is set at $20,400.

This Thursday's 1 p.m. ribbon-cutting ceremony at Allegheny Point, said Yoder, will be followed by an open house from 1:30 until 5 p.m.

At 2 p.m. on Wednesday, a dedication will be held for the innovative geothermal system which will meet the heating, air conditioning and fire protection needs of Allegheny Point and other buildings within the "Impact Warren" loop.

Although tenants of Allegheny Point will be paying their own utility costs, with an inexhaustible supply of water, prices should not fluctuate as in the case of electric and gas heat.

Seventy-foot deep Wells for the geothermal system were drilled behind the former Loranger building on Clark St.

Susquehanna Development received a $250,000 grant from the Rural Development Administration to help pay for the $1 million geothermal system.