Accomplishments and
Highlights
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While much work remains to be done to complete development
at the
Business
Park
, many accomplishments have been obtained and are
anticipated, obviously working with local, state, federal,
and private sector partners. Here are some highlights
of accomplishments thus far:
Construction
and Installation of Public Infrastructure
- Utilizing
$2,000,000 invested by
Fayette
County
to leverage an additional $5,000,000 in other local,
state, and federal sources.
- Installation
of all public utilities underground – water, sanitary
sewer, storm sewer, electric, gas, phone, and cable.
- Construction
of initial interior roads –
Wayland Smith Drive
,
Jacob Murphy Lane
, and
Mary Higgins Lane
- Other
traffic improvements – including intersection
improvements and installation of traffic lights along
Route 40 and
New Salem Road
Private
Investment and Development
- Over
$10 million invested by current tenants (professional
offices, Super 8 Motel, and Superior Ford)
- Over
$50 million currently being invested by retail land
developers
- Total
number of current jobs created or retained: 272
- Total
number of jobs anticipated to be created or retained
upon Full Build-Out: 1,772
Increased
Land Values and Taxes
- Previous
Land Values And Taxes = $0
-
Current
Land
Values = Over $11 Million
- Current
Property Taxes = $180,661.48
- Projected
Land Values at Full Build-Out = Over $100 million
- Projected
Property Taxes at Full Build-Out = $1.75 million
annually ($220,000 annually for
Fayette
County
-
Projected State Sales and Income Taxes for
Retail Developments at Full Build-Out = $4,457,016
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