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Best Practice: Tinkers Creek Commerce Park HUD 2007 Award of Excellence

Best Practice: Tinkers Creek Commerce Park HUD 2007 Award of Excellence. July 25, 2007. Presented to: Ohio Conference of Community Development (OCCD) Presented by: Tracey A. Nichols, Assistant Director James Herron, Brownfield Program Manager Cuyahoga County Department of Development.

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Best Practice: Tinkers Creek Commerce Park HUD 2007 Award of Excellence

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  1. Best Practice:Tinkers Creek Commerce ParkHUD 2007 Award of Excellence July 25, 2007 Presented to: Ohio Conference of Community Development (OCCD) Presented by: Tracey A. Nichols, Assistant Director James Herron, Brownfield Program Manager Cuyahoga County Department of Development

  2. Brownfield Definition A vacant, abandoned or underutilized property with real or perceived contamination The Cuyahoga River burned bringing attention to the region and eventually causing the Clean Water Act Cuyahoga River Fire, 1952 - Jefferson St. and W. 3rd.

  3. Greenfield Project Brownfield Project Tinker’s Creek Commerce Park: Industrial Project Comparison

  4. Tinker’s Creek Budget • BEDI Grant $2,000,000 • HUD 108 $4,000,000 • State 629 Funds $ 850,000 • Cuyahoga County BF $ 950,000 • State Enterprise Bond $3,655,000 • Private (Bank & Equity) $23,095,000 TOTAL $34,550,000

  5. Tinker’s Creek Commerce Park:Industrial Project Comparison

  6. Future Tinker’s Creek Commerce Park

  7. Tinker’s Creek Commerce Park:Industrial Project Return On Investment Annual Property Taxes Land Only BEFORE AFTER $7,494 $111,869 Building $0 $582,900

  8. Thank You • Tracey Nichols Assistant Director of Economic Development • Phone: 216-443-2137 • E-mail: cdtan@cuyahogacounty.us • James Herron Brownfield Program Manager • Phone: 216-443-8064 • E-mail: cdjph@cuyahogacounty.us • Website • http://brownfields.cuyahogacounty.us

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