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Center for Business
  and Education
 Community Presentation
   January 11, 2005
Agenda
7:00   Welcome
7:15   Presentation
7:45   Q&A and Dialogue
8:55   What Happens Next
9:00   Adjourn
Ground Rules
Dialogue, not win-lose
One person speaks at a time
Hold questions until presentation ends
Respect time & part...
Purpose of Community Resources
Community improvement corporation
Overall focus: Retain and expand
business in Yellow Sprin...
Location of Center for Business &
            Education
 Center for Business & Education




                Yellow Spring...
Membership of Community
      Resources (CR)
Non-profit volunteer board from
large & small employers, citizens,
nonprofit ...
Support from Local Government
 Establishment of CEDA:
 – Cooperative Economic Development
   Agreement
 – Between Village ...
History of CR
1998 – Steering committee formed
1999 – Formed CIC
2000 – Business retention study
2001 – Economic assessmen...
History of CR
2002 – Village/Township CEDA
process started
2003 – Negotiations began with
landowners in CEDA
2004 – 3rd pr...
CEDA Properties
                             Pitstick property




Center for Business & Education




                   ...
Funding Sources
Village economic development
revolving loan fund (EDRLF) provided
$300,000
Community Foundation contribute...
Why Center for Business and
         Education?
Need to address economic issues:
– Lost tax revenue from 20% decrease in
 ...
Projected Revenue Shortfall

9000000

8500000

8000000                                             Base & Capital

7500000...
Simply Put…
Costs for the Village and residents are
going up
Income sources are shrinking

                         Other ...
Village Population Decline
5000


4000


3000                                All Yellow Springs
                          ...
Why Plan for Development?
Improve the tax revenue base
Requirements from potential tenants
In-fill development (vacant,
un...
Why This Property?
Need for many acres, infrastructure,
proximity to local services
Use CEDA property for commercial
devel...
Business Attraction
Types of businesses
Sustainability plans
Appearance
No retail development at Center
Shuttle/bike/trans...
View of McGregor Site Plan
Development Within Village
Village has more tools to ensure
development is appropriate:
– Annexation
– Zoning
– Planning &...
Next Steps for Center
Annexation
Zoning
Site plan development
Site development & infrastructure
McGregor move by January 2...
McGregor Vision
Antioch University McGregor: An
Overview
– Brief history
– Programs
– Enrollment trends
– Current state
– ...
McGregor Research
Former students
Current students
Businesses
Educators
Economic Impact Study
Discussion of key findings
The Process
Need identification and research
Contracting with architects
Site study
McGregor building committee
Discussion...
General Conclusions and Board
         Resolutions
64,000 square foot need with
expansion potential
Decision to stay in Ye...
Next Steps for McGregor
 Building design
 Program development
 Partnership fund raising
 Grants acquisition
 Implementatio...
Questions?

Comments?
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Presentation to Council on CBE

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Transcript of "Presentation to Council on CBE"

  1. 1. Center for Business and Education Community Presentation January 11, 2005
  2. 2. Agenda 7:00 Welcome 7:15 Presentation 7:45 Q&A and Dialogue 8:55 What Happens Next 9:00 Adjourn
  3. 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. 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. 5. Location of Center for Business & Education Center for Business & Education Yellow Springs High School
  6. 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. 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. 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. 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. 10. CEDA Properties Pitstick property Center for Business & Education Fogg property
  11. 11. Funding Sources Village economic development revolving loan fund (EDRLF) provided $300,000 Community Foundation contributed $100,000
  12. 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
  13. 13. Projected Revenue Shortfall 9000000 8500000 8000000 Base & Capital 7500000 Base Expense Revenue 7000000 6500000 6000000 2005 2006 2007 2008 2009 2010
  14. 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
  15. 15. Village Population Decline 5000 4000 3000 All Yellow Springs YS only 2000 Antioch only 1000 0 1970 1980 1990 2000
  16. 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. 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. 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
  19. 19. View of McGregor Site Plan
  20. 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. 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. 22. McGregor Vision Antioch University McGregor: An Overview – Brief history – Programs – Enrollment trends – Current state – Space needs and concerns
  23. 23. McGregor Research Former students Current students Businesses Educators Economic Impact Study Discussion of key findings
  24. 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. 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. 26. Next Steps for McGregor Building design Program development Partnership fund raising Grants acquisition Implementation of strategic plan See www.mcgregor.edu
  27. 27. Questions? Comments?
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