Votes Boost Cargill, Airport Building Projects

Jun 26, 2018 | News, Newsletter

 

Real estate deals near Dayton International Airport and at Cargill in Sidney got a big boost Monday.

The Dayton-Montgomery County Port Authority Board of Trustees voted unanimously Monday to boost both business expansions, approving deals that will shield construction projects at both sites from state and local sales taxes.

The trustees approved a capital lease financial structure to exempt from sales taxes a $175 million expansion at the Cargill refining plant in Sidney, a project expected to add 12 jobs to a workforce of 293 people.

That project is similar in size to Emerson Climate Technology’s expansion, also in Sidney, which trustees also voted to support last year.

The Cargill project will build structures consisting of 35,000 square feet of prep space, an additional 28,000 square feet of work areas, more than 11,000 square feet of office space and 5,625 square feet of a loading area, about a mile from Interstate 75 on Industrial Drive.

Both JobsOhio and the Dayton Development Coalition asked the Port Authority to consider supporting Cargill’s plans, said Jerry Brunswick, Port Authority executive director.

“This is what they need to do to stay competitive,” Brunswick said of Cargill.

The second project trustees approved Monday supports a second building NorthPoint Development is building near Dayton International Airport.

NorthPoint has already built and opened a 570,000-square-foot industrial warehouse north of U.S. 40 near Concorde Drive for Spectrum Brands, which produces STP automotive products.

NorthPoint is building a second facility — at a cost of about $31 million — next to the Spectrum property that is 524,160 square feet in size for an unidentified user.

NorthPoint is also building a third facility in the area.

Monday’s vote supports that second building.

Erik Collins, Montgomery County development director, said no county officials have met with prospects for that second building and NorthPoint has not announced a tenant yet.

The two NorthPoint projects take up almost 90 acres. “On the western side of the airport, a lot is happening,” Brunswick said.

That latter vote approves the sale of revenue bonds from $14 million to $17 million to deal with higher-than-expected construction costs, Brunswick said.

Port authorities are often used to make real estate deals easier. By law, they are often able to execute projects without bidding them out and they can hold titles to sites to protect primary users from taxes.

A Stronger Workforce through Understanding Mental Health and Addiction

About three months ago, we launched our Recovery Within Reach campaign, a first-of-its-kind effort to educate Ohioans about the financial effects of opioid addiction — and to connect them with treatment options close to their homes.

Our goal is to create a new way of talking about addiction, one in which people consider the facts and practical realities of how substance use disorder affects their lives. Not long ago, Gov. Mike DeWine challenged all of us in state government to think of ways we could help Ohioans navigate the opioid crisis that has affected our state for so long. For us, that meant considering the financial effects of addiction — and providing tools and trainings to help Ohioans and financial advisers talk about addiction and access care.

read more

Newark Development Partners continues to make strides in Downtown Newark

Newark Development Partners (NDP), the community improvement corporation for the City of Newark, continues to further development in the Downtown through various projects. The sale of the Hudson Avenue Church with surrounding property, the renewal of the Downtown Special Improvement District and the commencement of construction at the Historic Arcade are all recent successes for the City of Newark.

read more