Albion Reinvestment Corporation History
Albion Reinvest Corporation (ARC) is a 501 (c)(3) non-profit incorporated October 9, 2015,
and received IRS tax exempt status in April 2016.
ARC’s mission is to promote economic growth in the downtown Albion business district by
promoting investment in and administering funds to facilitate the acquisition, renovation,
lease and sale of underserved properties, this is currently known as the Big Albion Plan
(BAP).
ARC is currently redeveloping nine properties at 101-119 S. Superior Street into apartments
and commercial spaces; the development cost is expected to be $11.3 million with a
timeline of 15-18 months.
Board Members:
- Jeffrey Petherick – President and Treasurer. Albion College graduate, with a
commitment to the redevelopment in the city of Albion. - Jeffrey Ott – Vice President and Secretary. Albion College graduate. Jeff has
extensive corporate and securities law experience. - Peggy Sindt – Board Member. A retired President and CEO of the Albion Economic
Development Corporation and has actively assisted in the acquisition of many
downtown properties. - Pastor Albert Amos – Board Member. Resident of Albion and currently serves as
Senior Pastor of Bread of Life Ministry in Albion. His record of civic and
organizational service also includes membership on the Albion City Planning
Commission, the Board of the Albion Ministerial Alliance and the Board of the 5th
Sunday Fellowship. - Mae Ola Dunklin – Board Member. A resident of Albion since 1972 and is a retired
educator in the Albion Public system serving as a teacher and principal. Mae enjoys
being an active member of the community.