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The
City of Miamisburg initially spearheaded the Mound economic development
effort, a role subsequently assumed by the Mound Community Improvement
Corporation MMCIC). The MMCIC developed the Miamisburg Mound Comprehensive
Reuse Plan, a long-range development plan and implementation strategy for
the site’s redevelopment as an industry and scientific technology
park. The reuse plan, anticipated that $55.1 million would be needed to
repair, renovate, and upgrade Mound facilities and make the site marketable.
The improvements called for in the plan will:
- improve poor site configuration by demolishing certain buildings
- upgrade remaining buildings
- construct new buildings
- expand parking areas
- construct new roadways
- create green spaces
- address code and maintenance items
- construct tenant finishes
- decentralize heating, ventilation, and air conditioning (HVAC)
systems
- integrate Mound facilities into the local utility systems
To date, nearly $20 million in improvements have been completed, including
roadway, parking, street lighting and the construction of a new flex building
in the Southeast campus, which, by the way, has been leased on a multi-year
basis to a new tenant, RPS Technologies.
These extensive improvements have been possible because a broad base of
support has been built for Mound’s redevelopment. Federal, state,
county and local sources have provided more than $20 million toward the
improvements needed to make Mound viable in the marketplace.
Our broad base of funding support has come from the following organizations,
and the MMCIC as well as a number of our tenants have pending requests
for additional funding and grants.
- Department of Energy - $10,000,000
- U.S. Department of Commerce - $3,394,000
- State of Ohio - $2,280,000
- Miamisburg Mound Community Improvement Corporation - $1,495,260
- City of Miamisburg - $875,000
- Montgomery County - $841,400
While the Miamisburg Mound Community Improvement Corporation is responsible
for the Mound site’s redevelopment, DOE remains in charge of environmental
cleanup. The federal government has committed $800-900 million to the project,
and has placed it on an accelerated schedule, with cleanup and property
transfer to be completed by 2009. |