2. Agenda
7:00 Welcome
7:15 Presentation
7:45 Q&A and Dialogue
8:55 What Happens Next
9:00 Adjourn
3. Ground Rules
Dialogue, not win-lose
One person speaks at a time
Hold questions until presentation ends
Respect time & participation of all
Facilitator manages order of questions;
1st priority to those who haven’t spoken
No more than two responses/question
No interruptions or follow-on questions
End on time
4. Purpose of Community Resources
Community improvement corporation
Overall focus: Retain and expand
business in Yellow Springs
Current focus: Center for Business
and Education
5. Location of Center for Business &
Education
Center for Business & Education
Yellow Springs
High School
6. Membership of Community
Resources (CR)
Non-profit volunteer board from
large & small employers, citizens,
nonprofit and community
organizations, and government
Current board: Lisa Abel, Tony Armocida,
Tony Arnett, Sam Bachtell, Mark Crockett,
Carol Gasho, Dave Heckler, Ellen Hoover,
Barry Hoskins, Bruce Rickenbach, Jim
Walker, Glenn Watts, Dan Young
7. Support from Local Government
Establishment of CEDA:
– Cooperative Economic Development
Agreement
– Between Village and Miami Township
– Exchanges annexation of contingent
property into Village for tax revenue
sharing
– CEDA-eligible land for commercial
development, not housing or retail
15+ years of planning, discussion,
news coverage, public debate
8. History of CR
1998 – Steering committee formed
1999 – Formed CIC
2000 – Business retention study
2001 – Economic assessment study
2002 – Held community meeting on
idea of commerce park
9. History of CR
2002 – Village/Township CEDA
process started
2003 – Negotiations began with
landowners in CEDA
2004 – 3rd property added to CEDA
2004 – Purchased Vernay property,
46 acres, for commerce park
2004 – McGregor on as 1st tenant
10. CEDA Properties
Pitstick property
Center for Business & Education
Fogg property
11. Funding Sources
Village economic development
revolving loan fund (EDRLF) provided
$300,000
Community Foundation contributed
$100,000
12. Why Center for Business and
Education?
Need to address economic issues:
– Lost tax revenue from 20% decrease in
population over 30 years
– Lost tax and utility revenue from 15% decrease
in local jobs in 10 years
– Service costs spread over fewer employees and
residents
– Village future expenses include $13 million in
capital projects
Lack of planned space for business growth
14. Simply Put…
Costs for the Village and residents are
going up
Income sources are shrinking
Other Estate Tax
State of Ohio
Income Tax
Property Tax Utilities
16. Why Plan for Development?
Improve the tax revenue base
Requirements from potential tenants
In-fill development (vacant,
underdeveloped spaces available)
Housing as companion issue
Green belt
17. Why This Property?
Need for many acres, infrastructure,
proximity to local services
Use CEDA property for commercial
development
Negotiated with each of three CEDA
properties
Negotiation with Vernay successful
18. Business Attraction
Types of businesses
Sustainability plans
Appearance
No retail development at Center
Shuttle/bike/transport to downtown
Slow, planned growth
Connection to Village survey results
20. Development Within Village
Village has more tools to ensure
development is appropriate:
– Annexation
– Zoning
– Planning & comprehensive plan
– Urban service boundaries
Village infrastructure and utilities are
appealing to businesses
21. Next Steps for Center
Annexation
Zoning
Site plan development
Site development & infrastructure
McGregor move by January 2007
Continually seek out other tenants
Public participation opportunities
Expect several years to fill space
22. McGregor Vision
Antioch University McGregor: An
Overview
– Brief history
– Programs
– Enrollment trends
– Current state
– Space needs and concerns
24. The Process
Need identification and research
Contracting with architects
Site study
McGregor building committee
Discussion within University
Leadership Council (all campuses)
Vetted through Antioch Board of
Trustees over five meetings
25. General Conclusions and Board
Resolutions
64,000 square foot need with
expansion potential
Decision to stay in Yellow Springs –
based on partnership with CIC
Funding based on detailed pro forma,
enrollment history and projections
Grounded in detailed strategic plan
26. Next Steps for McGregor
Building design
Program development
Partnership fund raising
Grants acquisition
Implementation of strategic plan
See www.mcgregor.edu
