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Wheeling, WV : Redevelopment and Historic Preservation
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Wheeling, WV : Redevelopment and Historic Preservation

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Case study of Wheeling, West Virginia and using Historic Preservation for economic development.

Case study of Wheeling, West Virginia and using Historic Preservation for economic development.

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Wheeling, WV : Redevelopment and Historic Preservation Presentation Transcript

  • 1. West Virginia Works : The Wheeling Experience Regional Economic Development Partnership PO Box 1029 Wheeling, WV 26003 304-232-7722 / 232-7727 www.redp.org
  • 2. Wheeling, West Virginia
  • 3. Wheeling Experience: 1990
    • Rich Industrial Heritage
    • Many former sites with potential for redevelopment
    • Little track record of reuse
    • Limited new development sites
  • 4. Wheeling Experience
    • 1998: Selected by US EPA for $200,000 Brownfield Assessment Demonstration Pilot
    • Assessed environmental history and potential for redevelopment of Brownfield sites
    • Used broad community input to identify 9 potential Brownfield sites totaling nearly 50 acres.
  • 5.
    • Media
    • Financial
    • Legal
    • Government
    • Business
    • Utilities
    • Economic Development
    • Industry
    • Education
    • Health Care
    • Environmental
    • Historic Preservation
    • Neighborhood and Community Groups
  • 6. Results of 1998 Pilot
    • Wheeling Hospital site
    • NOW: HOPE VI Neighborhood
  • 7. Results of 1998 Pilot
    • CSX 29 th Street site
    • Redeveloped as Lowe’s
  • 8. Results of 1998 Pilot
    • Bumgardner Foundry site
    • NOW: Mason Rehab Center (Physical Therapy) and Camelot restaurant
  • 9. Results of 1998 Pilot
    • Wheeling Wholesale Grocery site
    • Redeveloped by West Virginia Northern Community College as part of campus expansion
  • 10. Benefits of 1998 Pilot
    • Employment in 1977: 2,092
    • Employment in 1995: 130
    • Employment in 1999: 0
    • Employment in 2007: 830
  • 11. Benefits of 1998 Pilot
    • Community Awareness of Successful Redevelopment
    • City awarded $1 million Brownfield Economic Development Initiative Grant
  • 12. Wheeling Warehouse District
    • Just south of the Central Business District
    • Large vacant industrial buildings
  • 13. Wheeling Warehouse District
    • Enormous potential for redevelopment
    • Ohio River
    • 15-mile Heritage Trail
    • Infrastructure and utilities
    • Easy access to the Downtown and Interstate 70
  • 14. Wheeling Stamping Building
    • Originally three separate buildings
    • Built between 1890 and 1905 by the Nail City Lantern Company (kerosene lanterns and aluminum specialty products)
    • Four stories with a total of 88,000 square feet
  • 15. Original Development Team
    • Regional Economic Development Partnership
    • City of Wheeling
    • Wheeling National Heritage Area Corporation
    • State of West Virginia
    • ALL GOVERNMENT OR NON PROFIT!
  • 16. Regional Economic Development Partnership
    • Private non-profit development corporation
    • Established 1961
    • Mission to create jobs and stimulate the local economy
    • Manage 626,500 sq.ft. of real estate, and over 117 acres of land
  • 17. The Tenant
    • Orrick, Herrington & Sutcliffe, an international law firm based in San Francisco
    • Creating a “Global Operations Center”
    • Up to 250 financial and technology jobs
  • 18.
    • NEED: $7 million
    • City of Wheeling: BEDI grant
    • WNHAC:
    • RED: (loan)
    • “Church Group”: (loan)
  • 19. Budget increase/Funding decrease
    • “Gap” created
    • Historic Rehab Tax Credits
    • New members added to team/Syndication
  • 20.  
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  • 27. Results:
    • Orrick productivity increase
    • Serving the customer better
    • Saving over $5 million per year
    • Quality jobs created
  • 28. Next:
    • Stone Center @ Market Plaza
    • Department Store and Corporate Offices
    • $6,400,000 initially
    • 180,000 sq ft.
  • 29.  
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  • 33. Williams Lea: The leading global provider of Corporate Information Solutions
  • 34. Formula for Success
    • Communication
    • Long Term Partnership
    • Build on past success
    • Banks comfortable with project
    • Community Involvement and Support for Redevelopment
    • Job Creation
    • Creativity
    • Patience
    • Persistence