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open 24 hours a day n 7 days a week n two convenient locations EMPLOYEE OWNED Kitchen Photocenter Pharmacy Vision Center Deli Bank Health Market Chinese Dry Cleaning Floral Wine and Spirits Bakery Making lives easier, healthier, happier By Kyle Peterson Daily Staff Writer The Main Street Cultural District has an- nounced that Angela Moore will be returning to lead the district, filling the position vacated by for- mer director Jayne McGuire late last month. Moore previously held the position from 2004 until 2007. As the first full-time director, Moore said much of her time was spent marketing the district as an entity and establishing it in the minds of Ames community members. This time the opportunities and challenges will be different. “In the last three years, I think the board has grown a lot,” Moore said. “It is a much stronger board than when we just started and were just learning back in 2004. I’m excited to go back be- cause I think there’s a much stronger support level from the board and from the Chamber of Commerce to help the Cultural District as a whole.” Moore said that this time around, she wants to devote time to promoting the events of individual Main Street busi- nesses. “I hope to grow the market- ing we do for all of the downtown businesses that are planning their own events,” Moore said. Since 2007, Moore has worked as visitor and membership coordinator for the Ames Conven- tion and Visitors Bureau. “Having her know Ames so well is going to be really, really helpful,” said Sonya Stoltze-News- trom, president of the Main Street Cultural District executive board. “The Cultural District likes to as- sociate with other organizations within Ames. She kind of already knows people that are working within those organizations.” Moore’s other connections will be of use too. “Knowing the businesses from three years ago will definitely help,” Moore said. The goal, as always, is to draw visitors and community members to Main Street. “We want Ames to be recognized as a destina- tion, and we want downtown to be recognized as a destination,” Stoltze-Newstrom said. Moore will continue her work with the Con- vention and Visitors Bureau until Friday and will officially start at the Main Street Cultural District on March 15. “I have always loved Main Street and loved my time there, and it just seemed like time to go back,” Moore said. “My heart is with Main Street — as much as I love all of Ames, and promoting the whole area.” Well is designed to store excess energy as compressed air By Dan Piller The Des Moines Register DALLAS CENTER — Kent Holst stood in front of the Iowa Stored En- ergy Park’s municipal utility mem- bers and proclaimed, “This time, we have something to show you.” Holst, the park’s development di- rector, showed the officials a drill rig behind a house on the south side of Iowa Highway 44, two miles west of Dallas Center. The rig is drilling a 2,800-foot well that will be used to test the hardness of a sandstone formation. The en- ergy park hopes the formation can hold energy that has been converted into air. When the municipal utilities that own stored energy need electricity at peak periods, the air will be released to the surface to power turbines in two 134-megawatt generators, mak- ing electricity. The drilling project is the first tangible sign of activity for the long- discussed energy park, though the project is three years away from becoming a part of Iowa’s electricity grid. The energy park would be one answer to a problem that has long confounded the utility industry: the inability to store electricity. Holst and other company offi- cials say that Iowa’s bountiful wind energy can be best used if some type of electricity storage is available. For all its popularity and greenness, wind energy can be the least reliable form of electricity generation. “The wind just doesn’t always blow at the right times when the electricity is needed,” said Thomas Wind of Jefferson, who is a consul- tant to Iowa Stored Energy Park. The Iowa Power Fund has put $3.2 million into the project west of Dallas Center in hopes of putting the state ahead of what may be the next big thing in electricity. One other stored energy park, in Alabama, ex- ists nationwide. Another contribution from the U.S. Department of Energy put the public involvement in the project to about $4.7 million. “Having storage for energy is one of the critical pieces of Iowa’s energy future,” said Roya Stanley, director of the Iowa Office of Energy Inde- pendence who spoke at the annual meeting last week. About 150 Iowa municipal utili- ties who are members in the project will provide the rest of the financing, probably through bond sales. Before that can happen, Iowa Stored Energy Park needs to get geological verification that the sand- stone dome in Dallas County can hold air at compressed rates of up to 1,400 pounds per square inch and won’t crack the underground rock formations. Holst and Iowa Stored Energy Park officials are confident that tests will be favorable, because MidAm- erican Energy stores natural gas in similar underground caverns near- by at Redfield. Iowa Stored Energy Park plans to drill a second test well later this year within about a quarter-mile of the first well site, Holst said. Eventually, the project will en- compass eight to 10 wells and the 260-megawatt generator. Driller Klint Gingerich of Kalona said the 2,800-foot deep well dug for the company is about 10 times deeper than the average water well in Iowa. Gingerich’s firm drills mostly wa- ter and industrial wells in Iowa and neighboring states. “The deepest well dug in Iowa was a test oil well near Red Oak a few years ago, and that was 3,600 feet deep,” Gingerich said. That well did not produce oil. As the drill bit goes down, core samples of rock are pulled for analy- sis. At completion, the well will be encased in concrete. “The cementing is probably the most nerve-wracking part of the job,” said Gingerich, whose grandfa- ther, Paul, founded the drilling com- pany in 1955. “Otherwise, it’s been a perfect project.” Iowa Stored Energy Park is pegged as a backup source of elec- tricity for Iowa’s municipal utilities. The big investor-owned utilities, MidAmerican Energy of Des Moines and Alliant Energy, can either gener- ate or buy enough electricity to take care of Iowa customers. But the surplus of wind energy, expected to amount to up to 15 per- cent of Iowa’s generating capacity within a half-decade, is a source of spare electricity for municipal utili- ties. As for compressed-air storage of the type planned for Dallas County, Gene Berry of Lawrence Livermore Laboratory said in a report last year, “The scale and location-specific na- ture of energy storage in natural for- mations is likely to render it of limit- ed benefit” to renewables like wind. Trained ISU accounting students will pro- vide free tax assistance through the Volunteer Income Tax Assistance Program, available until April 15. Hours are 3:30–5:30 p.m. Tuesdays, 6–8 p.m. Wednesdays and Thursdays from 6–8 p.m. in Gerdin 2148. The program will not be available during the week of Spring Break, and due to the com- plexity of some tax returns, the program may not be able to assist all people. Contact Bill Dilla at [email protected] or 294-1685 for more information, or visit www. business.iastate.edu/students/VITA. — Daily Staff First director returns to lead district ISU students offer assistance with income tax Burying the energy Business PAGE 3 | Iowa State Daily | Monday, March 8, 2010 Editor K. Peterson | [email protected] Main Street Financial Help Moore Sustainability Kent Holst, of Iowa Stored Energy Park, and Klint Gingerich, of Gingerich Drilling, stand at the drilling site for a test well for Iowa Stored Energy Park, which wants to store energy that has been converted into air, in Dallas Center on Feb. 26. Photo: Justin Hayworth/The Associated Press Core samples are shown from the drilling site for a test well on Feb. 26, for the Iowa Stored Energy Park, which wants to store energy from wind farms, that has been converted into compressed air. When the municipal utilities that own stored energy need electricity at peak periods, the air will be released to the surface to power turbines in two 134-megawatt generators, making electricity. Photo: Justin Hayworth/The Associated Press Bart Rehagen, general partner of Bob Buys Books, will be the guest speaker at the ISU En- trepreneur Club meeting at 7 p.m. Tuesday in 2118 Gerdin. The company, which wholesales textbooks throughout the Midwest, was founded in 2007, and now hosts textbook buyback events at more than 25 colleges. Students are invited to attend regardless of their membership status in the club. For more information, visit www.isupjcen- ter.org —Daily Staff Entrepreneurs Bob Buys Books partner to speak at club meeting 1. Is currently a DMACC student. 2. Studies business marketing and management. 3. Got into the tax business when he saw an advertisement in the paper. 4. Says the training he has gotten has helped him understand his own taxes. 5. And that it has helped him understand how to fill out his FAFSA, since he has a better grasp of the information. 6. Estimates that he has done approximately 30 returns since taking the job earlier this year. 7. Says taxes are a lot easier than some people make them out to be. 8. Would like to be an entrepreneur someday, because he likes the idea of being his own boss.9. Is originally from Boone. 10. Says “Role Models” is one of his favorite movies. section Trevn Lee Tax Preparer Liberty Tax Service 110 Main St. 10 things you about didn’t know The Young Professionals of Ames is plan- ning a financial symposium, “Your Road Map to Financial Success,” from 12:30 to 4:30 p.m. Friday in the Lepke Room of the ISU Founda- tion. Sessions cover topics such as: You, Inc.: How to effectively run your budget Strategies for reducing debt and improving your credit score Are you on the path to a lifetime of financial security? Planning for retirement: A road map for Generation X & Y The event is free for members, $20 for non- members, includes lunch, and is limited to the first 50 registrants. RSVP at ypames.com. Networking Financial event aimed at young professionals
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Page 1: 03.08.10 Business page

Business 3

open 24 hours a day n 7 days a week n two convenient locationsEMPLOYEE OWNED

• Kitchen• Photocenter• Pharmacy

• VisionCenter• Deli• Bank

• HealthMarket• Chinese• DryCleaning

• Floral• WineandSpirits• Bakery

Making lives easier, healthier, happier

By Kyle PetersonDaily Staff Writer

The Main Street Cultural District has an-nounced that Angela Moore will be returning to lead the district, filling the position vacated by for-mer director Jayne McGuire late last month.

Moore previously held the position from 2004 until 2007. As the first full-time director, Moore said much of her time was spent marketing the district as an entity and establishing it in the minds of Ames community members.

This time the opportunities and challenges will be different.

“In the last three years, I think the board has grown a lot,” Moore said. “It is a much stronger board than when we just started and were just learning back in 2004. I’m excited to go back be-cause I think there’s a much stronger support level

from the board and from the Chamber of Commerce to help the Cultural District as a whole.”

Moore said that this time around, she wants to devote time to promoting the events of individual Main Street busi-nesses.

“I hope to grow the market-ing we do for all of the downtown businesses that are planning their own events,” Moore said.

Since 2007, Moore has worked as visitor and membership coordinator for the Ames Conven-tion and Visitors Bureau.

“Having her know Ames so well is going to be really, really helpful,” said Sonya Stoltze-News-trom, president of the Main Street Cultural District executive board. “The Cultural District likes to as-sociate with other organizations within Ames. She

kind of already knows people that are working within those organizations.”

Moore’s other connections will be of use too.“Knowing the businesses from three years ago

will definitely help,” Moore said.The goal, as always, is to draw visitors and

community members to Main Street.“We want Ames to be recognized as a destina-

tion, and we want downtown to be recognized as a destination,” Stoltze-Newstrom said.

Moore will continue her work with the Con-vention and Visitors Bureau until Friday and will officially start at the Main Street Cultural District on March 15.

“I have always loved Main Street and loved my time there, and it just seemed like time to go back,” Moore said. “My heart is with Main Street — as much as I love all of Ames, and promoting the whole area.”

Well is designed to store excess energy as compressed airBy Dan PillerThe Des Moines Register

DALLAS CENTER — Kent Holst stood in front of the Iowa Stored En-ergy Park’s municipal utility mem-bers and proclaimed, “This time, we have something to show you.”

Holst, the park’s development di-rector, showed the officials a drill rig behind a house on the south side of Iowa Highway 44, two miles west of Dallas Center.

The rig is drilling a 2,800-foot well that will be used to test the hardness of a sandstone formation. The en-ergy park hopes the formation can hold energy that has been converted into air.

When the municipal utilities that own stored energy need electricity at peak periods, the air will be released to the surface to power turbines in two 134-megawatt generators, mak-ing electricity.

The drilling project is the first tangible sign of activity for the long-discussed energy park, though the project is three years away from becoming a part of Iowa’s electricity grid.

The energy park would be one answer to a problem that has long confounded the utility industry: the inability to store electricity.

Holst and other company offi-cials say that Iowa’s bountiful wind energy can be best used if some type of electricity storage is available. For all its popularity and greenness, wind energy can be the least reliable form of electricity generation.

“The wind just doesn’t always blow at the right times when the electricity is needed,” said Thomas Wind of Jefferson, who is a consul-tant to Iowa Stored Energy Park.

The Iowa Power Fund has put $3.2 million into the project west of Dallas Center in hopes of putting the state ahead of what may be the next big thing in electricity. One other stored energy park, in Alabama, ex-ists nationwide.

Another contribution from the U.S. Department of Energy put the public involvement in the project to about $4.7 million.

“Having storage for energy is one of the critical pieces of Iowa’s energy future,” said Roya Stanley, director of the Iowa Office of Energy Inde-pendence who spoke at the annual meeting last week.

About 150 Iowa municipal utili-ties who are members in the project will provide the rest of the financing, probably through bond sales.

Before that can happen, Iowa Stored Energy Park needs to get geological verification that the sand-stone dome in Dallas County can hold air at compressed rates of up to 1,400 pounds per square inch and won’t crack the underground rock formations.

Holst and Iowa Stored Energy Park officials are confident that tests will be favorable, because MidAm-erican Energy stores natural gas in similar underground caverns near-by at Redfield.

Iowa Stored Energy Park plans to drill a second test well later this year within about a quarter-mile of the first well site, Holst said.

Eventually, the project will en-compass eight to 10 wells and the 260-megawatt generator.

Driller Klint Gingerich of Kalona said the 2,800-foot deep well dug for the company is about 10 times deeper than the average water well in Iowa.

Gingerich’s firm drills mostly wa-ter and industrial wells in Iowa and neighboring states.

“The deepest well dug in Iowa was a test oil well near Red Oak a few years ago, and that was 3,600 feet deep,” Gingerich said. That well did not produce oil.

As the drill bit goes down, core samples of rock are pulled for analy-sis. At completion, the well will be

encased in concrete.“The cementing is probably the

most nerve-wracking part of the job,” said Gingerich, whose grandfa-ther, Paul, founded the drilling com-pany in 1955. “Otherwise, it’s been a perfect project.”

Iowa Stored Energy Park is pegged as a backup source of elec-tricity for Iowa’s municipal utilities.

The big investor-owned utilities, MidAmerican Energy of Des Moines and Alliant Energy, can either gener-ate or buy enough electricity to take care of Iowa customers.

But the surplus of wind energy, expected to amount to up to 15 per-cent of Iowa’s generating capacity within a half-decade, is a source of spare electricity for municipal utili-ties.

As for compressed-air storage of the type planned for Dallas County, Gene Berry of Lawrence Livermore Laboratory said in a report last year, “The scale and location-specific na-ture of energy storage in natural for-mations is likely to render it of limit-ed benefit” to renewables like wind.

Trained ISU accounting students will pro-vide free tax assistance through the Volunteer Income Tax Assistance Program, available until April 15.

Hours are 3:30–5:30 p.m. Tuesdays, 6–8 p.m. Wednesdays and Thursdays from 6–8 p.m. in Gerdin 2148.

The program will not be available during the week of Spring Break, and due to the com-plexity of some tax returns, the program may not be able to assist all people.

Contact Bill Dilla at [email protected] or 294-1685 for more information, or visit www.business.iastate.edu/students/VITA.

— Daily Staff

First director returns to lead districtISU students offer assistance with income tax

Burying the energy

BusinessPAGE 3 | Iowa State Daily | Monday, March 8, 2010

Editor K. Peterson | [email protected]

Main StreetFinancial Help

Moore

Sustainability

Kent Holst, of Iowa Stored Energy Park, and Klint Gingerich, of Gingerich Drilling, stand at the drilling site for a test well for Iowa Stored Energy Park, which wants to store energy that has been converted into air, in Dallas Center on Feb. 26. Photo: Justin Hayworth/The Associated Press

Core samples are shown from the drilling site for a test well on Feb. 26, for the Iowa Stored Energy Park, which wants to store energy from wind farms, that has been converted into compressed air. When the municipal utilities that own stored energy need electricity at peak periods, the air will be released to the surface to power turbines in two 134-megawatt generators, making electricity. Photo: Justin Hayworth/The Associated Press

Bart Rehagen, general partner of Bob Buys Books, will be the guest speaker at the ISU En-trepreneur Club meeting at 7 p.m. Tuesday in 2118 Gerdin.

The company, which wholesales textbooks throughout the Midwest, was founded in 2007, and now hosts textbook buyback events at more than 25 colleges.

Students are invited to attend regardless of their membership status in the club.

For more information, visit www.isupjcen-ter.org

—Daily Staff

Entrepreneurs

Bob Buys Books partner to speak at club meeting

1. Is currently a DMACC student. 2. Studies business marketing

and management. 3. Got into the tax business when he saw an

advertisement in the paper. 4. Says the training he has gotten has helped him understand his own

taxes. 5. And that it has helped him understand how to fill out his FAFSA, since he has a better grasp of the information. 6. Estimates that

he has done approximately 30 returns since taking the job earlier

this year. 7. Says taxes are a lot easier than some people make them out to be. 8. Would like to

be an entrepreneur someday, because he likes the idea of being

his own boss.” 9. Is originally from Boone. 10. Says “Role Models” is

one of his favorite movies.

s e c t i o n

Trevn Lee

Tax Preparer Liberty Tax Service

110 Main St.

10 thingsyou

about

didn’tknow

The Young Professionals of Ames is plan-ning a financial symposium, “Your Road Map to Financial Success,” from 12:30 to 4:30 p.m. Friday in the Lepke Room of the ISU Founda-tion.

Sessions cover topics such as:

■ You, Inc.: How to effectively run your budget

■ Strategies for reducing debt and improving your credit score

■ Are you on the path to a lifetime of financial security?

■ Planning for retirement: A road map for Generation X & Y

The event is free for members, $20 for non-members, includes lunch, and is limited to the first 50 registrants. RSVP at ypames.com.

Networking

Financial event aimed at young professionals