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6151 Wilson Mills Road <br />Suite zzo <br />C;leveland, Ohio 44143 <br />440.220.699o <br />www.MB3Consulting.com <br />City of North Olmsted <br />Economic Development Update <br />March 27, 2012 <br />2011 Successes and Activities <br />? 2011 was a$48 million construction year in North Olmsted, the greatest amount of activity since <br />2402 <br />o Major projects at Westfield Great Northern, North Olmsted Towne Center, Great <br />Northern Plaza, Watertower Square, Walmart, and First Federal of Lakewood Plaza <br />o Auto Mile investment with Saab, Halleen Kia, Sunnyside Toyota, Ganley <br />Subaru/Hyundai, and Morris Cadillac Buick GMC <br />? Sale of Fire Station #2 <br />o Attraction of Gas Box Custom Motorcycles <br />? Incentives Awardee Performance <br />o Advanstar =^'$450k of net new income taxes have been collected (2008-2011) <br />o IQS =-$52k of net new income taxes have been collected (2009-2011)** <br />o Morris Cadillac Buick GMC =-$32k of net new income taxes have been collected (2011). <br />2011 actual payroll exceeded estimates by ^'$1.2mm. <br />? Industrial Parkway <br />o Precision Production <br />o Dominion East Ohio Gas <br />o Light industrial site search for 7-acre site. <br />0 1eff Hammerschmidt - proposed construction of phases 3 and 4. <br />? Marketing & Attraction <br />o Commercial real estate database enhancements <br />o Preparation of an economic development marketing video <br />o Metro Health Medical Center <br />? Tech Park Office Complex <br />o Heartland Payroll Services <br />o Facility improvements to support business retention and attraction