Wheeling, WV : Redevelopment and Historic Preservation

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

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Wheeling, WV : Redevelopment and Historic Preservation

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

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