In 1961, Russell Thompson is tragically killed in a car/train accident while traveling to a jobsite. Later that year, the family decides to offer stock ownership to non-family employees. The company completes more prominent projects in Ames, including the Towers Residence Complex at Iowa State and several phases of the Northcrest Retirement community.
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- Construction of Therkildsen Industrial Engineering Building completed at Iowa State University
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- Alliant Energy Ag Innovation Lab opens at the ISU Research Park