TRAC Presentation October 13, 2015 BEL-70-Mall Road Connector Commons Mall Crossing PID Belmont County Transportation Improvement District 2 Purpose and Need for Project: Congestion at Mall Road Intersections Spot Safety Concerns at Mall Road Intersections Economic Development TID Section PID #92593 ODOT Section PID # Looking East Towards Mall Road New Connector Road (Belmont County TID Section) Ohio Valley Plaza 4 Over $2.5M Local Investment Constructed in 2015 Economic Development Catalyst Demonstrated Commitment St. Clair Commons Development Near Ohio Valley Plaza Total Building SF Developed - 760,000 Total Private Investment - $121M Jobs Created (P); 557 (T) Payroll - $120M Real Estate and Payroll Taxes - $3.8M Total Economic Impact - $470M 5 Connector Road Behind Ohio Valley Mall Ohio Valley Mall 6 Current and Planned Development Behind Ohio Valley Mall Total Building SF - 250,000 Total Private Investment - $35M Jobs Created Payroll - $5.5M Annual Sales - $29M Annual Sales Tax Generated - $2M 7 Ohio Valley Place Along US 40 Hometown Development Ohio Valley Mall Portsmouth, Ohio Real Estate Development Co. 12 Acre Site $45 Million Commercial Development 8 Ohio Valley Plaza Hometown Development Investments Are Happening: TID Roadway Section Residence Inn by Marriott Candlewood Suites by InterContinental Hotels Microtel Inn & Suites by Wyndham Hawthorn Suites by Wyndham 9 Since we last met Non-Project Local Area Investments SOURCE INVESTMENT (MILLIONS)RELATION TO PROJECT LOCAL PUBLIC INVESTMENT City of St. Clairsville electric sub-station$3.0Non Project Banfield Signal$0.2Project TOTAL LOCAL PUBLIC INVESTMENTS$3.2 PRIVATE/LOCAL INVESTMENT St. Clair Commons$120.5Project (Equity) Pool/Gym Facility$4.0Project (City) Hometown Development (CVS)$45.0Non Project Cafaro south side development$35.0Project (Cafaro) St. Clair Commons Site Infrastructure$10.0Project (Equity) Past - Mall Renovations$10.0Non Project New Hotels (Microtel & Candlewood Suites)$10.5+Non Project TOTAL PRIVATE/LOCAL INVESTMENTS$235 ODOT INVESTMENT ODOT Non-project (D11)$14.8Non Project TOTAL ODOT INVESTMENTS $14.8 TOTALS Pubic Investments$18 Private Investments$235 Private Investments $235 Million! Private Investments $235 Million! 10 Local Dedicated Commitments Funding SourceCommitment Bel-O-Mar$1M Local (BelCTID, Belmont County)*$6.10M Private (Donations)**$2.05M TOTAL LOCAL COMMITMENT$9.15M * Includes County, Other Local Revenue Sources (TIF) **Includes ROW Donations and Roadway Segment Construction Donations Local Area Share 41%! Local Area Share 41%! 11 Dedicated Project Funding Funding SourceAvailable Funding Previous TRAC*$1.52M Local (Previous Slide)$9.15M State**$7.41M TOTAL AVAILABLE FUNDING$18.08M * $900,000 originally approved (includes re-instatement), * $620,000 for ROW ** Earmark, FY10 TID, ODSA Connector Road Total Project Cost - $21.98 M Current TRAC Request: $3,900,000 for Construction Tier I Designation Current TRAC Request: $3,900,000 for Construction Tier I Designation 12 Schedule Planning & PE NEPA Approval Detailed Design ROW Acquisition Construction Begins JUNE 14APRIL 15MARCH 16APRIL 16MARCH 17 13 TID Section PID #92593 ODOT Section PID #89314 With a $3.90 million award now from TRAC, Ohio will gain 1,800 new jobs, $235 million in private investment, and new services important to our region, with only 25% of the investment coming from TRAC. 14 INTRODUCTION OF PROJECT PARTICIPANTS Equity, Columbus, Ohio GDNG, Inc., Washington, DC Trinity Health Systems, Steubenville, Ohio Cafaro Company, Youngstown, Ohio City of St. Clairsville Belmont County Commissioners Belmont County Engineer Richland Township Board of Trustees Belmont County Transportation Improvement District Board & Legal Counsel