To identify opportunities and to revitalize distressed, inner-city corridors through the development or re-development of commercial projects that will then provide a catalyst for future development, serving neighborhood residents and enhancing business development in areas that would otherwise remain void of new activity.

Measures of Success:
  • Job Creation
  • Tax base increase
  • Environmental Remediation and Brownfields Management
  • Efficient Use and the Leverage of Funding
  • Crime Reduction
  • Removal of Blight
  • Low Overhead and Administrative Costs
  • Interaction with Community-Based Organizations and Neighborhood Residents
  • Completed Projects

 

CMDC Value Creation Matrix
City West Commons
Wilkinson Park Business Center
Approximate Total Investment
$4,600,000
$7,000,000
New Jobs
120
43
Retained Jobs
85
75
Construction Jobs
80
535
Additional Jobs at Final Build-out of Wilkinson Park by Current Owners
n/a
119
Additional Construction Jobs at Final Build-out of Wilkinson Park by Current Owners
n/a
391
Average Hourly Salary
$14.00
$23.25
Original Tax Assessment
$1,083,330
$3,100,000
Current Tax Assessment
$2,805,900
$5,496,300
Projected Tax Assessment
$3,600,000
$19,400,000
Tax Base Change
332%
626%