Presentation to Council on CBE

Center for Business Center for Business and Educationand Education

Community Presentation Community Presentation January 11, 2005January 11, 2005

AgendaAgenda

7:00 Welcome 7:00 Welcome 7:15 Presentation7:15 Presentation7:45 Q&A and Dialogue7:45 Q&A and Dialogue8:55 What Happens Next8:55 What Happens Next9:00 Adjourn9:00 Adjourn

Ground RulesGround Rules

Dialogue, not winDialogue, not win--loseloseOne person speaks at a timeOne person speaks at a timeHold questions until presentation endsHold questions until presentation endsRespect time & participation of allRespect time & participation of allFacilitator manages order of questions; Facilitator manages order of questions; 11stst priority to those who haven’t spokenpriority to those who haven’t spokenNo more than two responses/questionNo more than two responses/questionNo interruptions or followNo interruptions or follow--on questionson questionsEnd on timeEnd on time

Purpose of Community ResourcesPurpose of Community Resources

Community improvement corporationCommunity improvement corporationOverall focus: Retain and expand Overall focus: Retain and expand business in Yellow Springsbusiness in Yellow SpringsCurrent focus: Center for Business Current focus: Center for Business and Educationand Education

Location of Center for Business & Location of Center for Business & EducationEducation

Center for Business & Education

Yellow Springs High School

Membership of Community Membership of Community Resources (CR)Resources (CR)

NonNon--profit volunteer board from profit volunteer board from large & small employers, citizens, large & small employers, citizens, nonprofit and community nonprofit and community organizations, and governmentorganizations, and government

Current board: Lisa Abel, Tony Armocida, Current board: Lisa Abel, Tony Armocida, Tony Arnett, Sam Bachtell, Mark Crockett, Tony Arnett, Sam Bachtell, Mark Crockett, Carol Gasho, Dave Heckler, Ellen Hoover, Carol Gasho, Dave Heckler, Ellen Hoover, Barry Hoskins, Bruce Rickenbach, Jim Barry Hoskins, Bruce Rickenbach, Jim Walker, Glenn Watts, Dan YoungWalker, Glenn Watts, Dan Young

Support from Local GovernmentSupport from Local GovernmentEstablishment of CEDA:Establishment of CEDA:–– Cooperative Economic Development Cooperative Economic Development

AgreementAgreement–– Between Village and Miami TownshipBetween Village and Miami Township–– Exchanges annexation of contingent Exchanges annexation of contingent

property into Village for tax revenue property into Village for tax revenue sharingsharing

–– CEDACEDA--eligible land for commercial eligible land for commercial development, not housing or retaildevelopment, not housing or retail

15+ years of planning, discussion, 15+ years of planning, discussion, news coverage, public debatenews coverage, public debate

History of CRHistory of CR

1998 1998 –– Steering committee formedSteering committee formed1999 1999 –– Formed CICFormed CIC2000 2000 –– Business retention studyBusiness retention study2001 2001 –– Economic assessment studyEconomic assessment study2002 2002 –– Held community meeting on Held community meeting on idea of commerce parkidea of commerce park

History of CRHistory of CR

2002 2002 –– Village/Township CEDA Village/Township CEDA process startedprocess started2003 2003 –– Negotiations began with Negotiations began with landowners in CEDAlandowners in CEDA2004 2004 –– 33rdrd property added to CEDAproperty added to CEDA2004 2004 –– Purchased Vernay property, Purchased Vernay property, 46 acres, for commerce park46 acres, for commerce park2004 2004 –– McGregor on as 1McGregor on as 1stst tenanttenant

CEDA PropertiesCEDA PropertiesPitstick property

Center for Business & Education

Fogg property

Funding Sources Funding Sources

Village economic development Village economic development revolving loan fund (EDRLF) provided revolving loan fund (EDRLF) provided $300,000$300,000Community Foundation contributed Community Foundation contributed $100,000$100,000

Why Center for Business and Why Center for Business and Education?Education?

Need to address economic issues:Need to address economic issues:–– Lost tax revenue from 20% decrease in Lost tax revenue from 20% decrease in

population over 30 yearspopulation over 30 years–– Lost tax and utility revenue from 15% decrease Lost tax and utility revenue from 15% decrease

in local jobs in 10 yearsin local jobs in 10 years–– Service costs spread over fewer employees and Service costs spread over fewer employees and

residentsresidents–– Village future expenses include $13 million in Village future expenses include $13 million in

capital projectscapital projects

Lack of planned space for business growthLack of planned space for business growth

Projected Revenue ShortfallProjected Revenue Shortfall

6000000

6500000

7000000

7500000

8000000

8500000

9000000

2005 2006 2007 2008 2009 2010

Base & Capital

Base Expense

Revenue

Simply Put…Simply Put…

Costs for the Village and residents are Costs for the Village and residents are going upgoing upIncome sources are shrinkingIncome sources are shrinking

Utilities

Income Tax

Property Tax

State of OhioOther Estate Tax

Village Population DeclineVillage Population Decline

0

1000

2000

3000

4000

5000

1970 1980 1990 2000

All Yellow SpringsYS onlyAntioch only

Why Plan for Development?Why Plan for Development?

Improve the tax revenue baseImprove the tax revenue baseRequirements from potential tenantsRequirements from potential tenantsInIn--fill development (vacant, fill development (vacant, underdeveloped spaces available)underdeveloped spaces available)Housing as companion issueHousing as companion issueGreen beltGreen belt

Why This Property?Why This Property?

Need for many acres, infrastructure, Need for many acres, infrastructure, proximity to local servicesproximity to local servicesUse CEDA property for commercial Use CEDA property for commercial developmentdevelopmentNegotiated with each of three CEDA Negotiated with each of three CEDA propertiespropertiesNegotiation with Vernay successfulNegotiation with Vernay successful

Business AttractionBusiness AttractionTypes of businessesTypes of businessesSustainability plans Sustainability plans AppearanceAppearanceNo retail development at Center No retail development at Center Shuttle/bike/transport to downtownShuttle/bike/transport to downtownSlow, planned growthSlow, planned growthConnection to Village survey resultsConnection to Village survey results

View of McGregor Site PlanView of McGregor Site Plan

Development Within VillageDevelopment Within Village

Village has more tools to ensure Village has more tools to ensure development is appropriate:development is appropriate:–– AnnexationAnnexation–– Zoning Zoning –– Planning & comprehensive plan Planning & comprehensive plan –– Urban service boundariesUrban service boundaries

Village infrastructure and utilities are Village infrastructure and utilities are appealing to businesses appealing to businesses

Next Steps for CenterNext Steps for Center

AnnexationAnnexationZoningZoningSite plan developmentSite plan developmentSite development & infrastructureSite development & infrastructureMcGregor move by January 2007McGregor move by January 2007Continually seek out other tenantsContinually seek out other tenantsPublic participation opportunitiesPublic participation opportunitiesExpect several years to fill spaceExpect several years to fill space

McGregor VisionMcGregor Vision

Antioch University McGregor: An Antioch University McGregor: An OverviewOverview–– Brief historyBrief history–– ProgramsPrograms–– Enrollment trendsEnrollment trends–– Current stateCurrent state–– Space needs and concernsSpace needs and concerns

McGregor ResearchMcGregor Research

Former studentsFormer studentsCurrent studentsCurrent studentsBusinessesBusinessesEducatorsEducatorsEconomic Impact StudyEconomic Impact StudyDiscussion of key findingsDiscussion of key findings

The ProcessThe Process

Need identification and researchNeed identification and researchContracting with architectsContracting with architectsSite studySite studyMcGregor building committeeMcGregor building committeeDiscussion within University Discussion within University Leadership Council (all campuses)Leadership Council (all campuses)Vetted through Antioch Board of Vetted through Antioch Board of Trustees over five meetingsTrustees over five meetings

General Conclusions and Board General Conclusions and Board ResolutionsResolutions

64,000 square foot need with 64,000 square foot need with expansion potentialexpansion potentialDecision to stay in Yellow Springs Decision to stay in Yellow Springs ––based on partnership with CICbased on partnership with CICFunding based on detailed pro forma, Funding based on detailed pro forma, enrollment history and projectionsenrollment history and projectionsGrounded in detailed strategic planGrounded in detailed strategic plan

Next Steps for McGregorNext Steps for McGregor

Building designBuilding designProgram developmentProgram developmentPartnership fund raisingPartnership fund raisingGrants acquisitionGrants acquisitionImplementation of strategic plan Implementation of strategic plan

See See www.mcgregor.eduwww.mcgregor.edu

Questions?Questions?

Comments?Comments?