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Proposed senior living facility to benefit Logan County

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Trinity Mixed-Use Development project hosted the first of two public meetings on Monday, Sept. 22. Over 30 Logan County residents attended to learn more about the project.

Waterloo TIFLogan County residents will have another opportunity to learn more about the project during a public meeting on Thursday, October 2, 6:30 p.m., at the Territorial Capital Sports Museum, 315 West Oklahoma, Guthrie, Oklahoma, 73044.

The Trinity Mixed-Use Development site is located on 147 acres of vacant property in Logan County on the northwest corner of the intersection of I-35 and Waterloo Road. The first phase of the proposed mixed-use project will feature a senior living facility, in addition to a hospital, medical office building, convenience store and restaurant.

“Logan County residents and their families will benefit from the services being proposed on this site, especially the senior living facility,” said Charles Weddle, MD, Trinity Investor. “This amenity will deliver top-notch care and allow families to be closer to each other.”

The senior living facility, developed by CBC Reality Group, will have the capacity for 80 residents and will employ 50 individuals.

“The current site only pays $126 in property taxes – the proposed development will eventually bring in over $30 million in new tax revenues for Logan County, the fire district, the school district and the voc-tech school,” said Weddle.

Construction activity for the proposed project is expected to generate over 300 new jobs and $184 million of spin-off economic activity. Furthermore, once Phase I projects are complete, including the senior living facility, they will generate more than $64 million annually in economic activity.

Because of the lack of necessary public utilities and infrastructure on the proposed project site, the project is proposing TIF to finance several million dollars that the developer will fund for the public infrastructure needed to make the project and any future development possible. The proposed TIF would relieve the public from the burden of financing these improvements while keeping the project feasible.

Visit http://www.logancountyforward.com for continued project updates and public meeting opportunities.

Categories: News
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  1. October 22, 2014 at 2:39 pm

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