UPDATE:

False shooting report prompts police investigation at Centerville home

Roads, financing for Austin Landing spreading south into Springboro


Traffic work and potential financing talks continue in anticipation of developing Austin Landing South, a commercial project expected to result in more than $60 million in private and public investment bringing new jobs and retail options.

Last week contractors continued work on a “free-flow” right turn lane from Austin Boulevard east of the Interstate 75 interchange onto southbound Ohio 741.

The new lane, allowing motorists to continue around the corner with out stopping, runs along the edge of the 60 acres that would be built up during future development around the interchange, which opened in 2010.

“We are also installing a median between the right turn lane and through lanes. We will widen the northbound approach to accommodate the follow-through lane for the east bound free-flow right turn. This widening will also accommodate a future dual north bound left turn lane,” Mandi Dillon, a public information officer for the Ohio Department of Transportation said in an email.

RELATED: $1.8 M to ease Austin gridlock

And Thursday night, Springboro City Council voted to work with the Warren County Port Authority on financing for Austin Landing South. The development is located in Montgomery County.

“This cooperative agreement in no way obligates the city to move forward with the project. This is merely for exploratory purposes at this stage of the project,” Springboro Assistant City Manager Chris Pozzuto said in a memorandum to the council.

The Warren County Port Authority is an independent agency formed by the Warren County commissioners, to assist with economic development.

It was unclear exactly how the authority would assist Austin Landing South.

“We’re exploring all options, doing our due diligence,” Pozzuto said before the meeting.

MORE: Warren County Port Authority leases to save developer $500,000 in sales tax

In other port authority deals, including with operators of the Miami Valley Gaming racino, the port authority reached lease deals, avoiding sales tax on building materials. The authority also provides debt financing used to pay for roads and other infrastructure.

“The Austin Landing project includes assistance financing the acquisition, construction, improvement and equipment of public infrastructure improvements and private commercial developments within the city,” according to the resolution approved by the council and making way for assistance from the port authority.

The agreement was needed because Austin Landing South is in Montgomery County, according to the resolution. The Warren County Port Authority was approached after the Montgomery County one declined, Pozzuto said.

There is another source of funding.

RELATED: Private investment to drive Austin development in Springboro

A private investment fund set up by Eubel Brady & Suttman, an investment firm with offices in one of the buildings along I-75 on the north side of Austin Boulevard in Miami Twp., was to raise $64 million for Austin Landing and Austin Landing South.

Larry Dillin, who heads VisCap Development, the company now in charge of finishing development of Austin Landing and of making Austin Landing South happen, expressed support for the port authority agreement.

“The city of Springboro has been a great partner in exploring financing options to facilitate development on land within their jurisdiction. We continue to investigate ideas together,” Dillin said in a statement.

VisCap and Springboro officials declined to comment on terms of negotiation or what to expect on the land.

MORE: 5 facts about latest Austin Landing restaurant 

The development would be within a special development district formed by Montgomery County, Miamisburg, Miami Twp. and Springboro to share in the costs and benefits of development around the interchange.

Special taxing districts are set up in the section in Miami Twp., which has provided assistance to the development of Austin Landing.

Springboro officials declined to respond to questions about Austin Landing South, citing exemptions in Ohio Sunshine Law for economic development projects.

Late last year, the city changed the zoning of 13 acres of the land within the area, controlled by a consent decree reached with the previous developer, R.G. Properties, to prevent construction of a WalMart on the land.

RELATED: Shopping centers planned on both sides of Austin Boulevard

City officials have indicated a willingness to set aside the consent decree as part of negotiations with VisCap.

So far, development has occurred mainly on the northeast and northwest corners of the interchange created at Austin Boulevard.

Follow Larry Budd on Twitter

Austin Landing South would be developed from the southeast corner.

Work lies ahead before the project gets off the drawing board.

RELATED: Court order dictates Austin Landing South development

But road work by Barrett Paving Materials on the turn lane lane from Austin Boulevard and continuing down Ohio 741, Main Street in Springboro, is expected to completed by Aug. 25.

The construction project, expected to cost $895,000, is designed to ease gridlock around the interchange during peak periods. The traffic problems began shortly after the interchange and intersection opened in 2010, particularly for those heading south into Springboro.

Meanwhile, drivers will need to negotiate “intermittent lane closures and construction work,” according to the latest ODOT advisory. “All lanes will remain open.”



Reader Comments ...


Next Up in Business

Firm shields customers against cyber-criminals
Firm shields customers against cyber-criminals

In an era where cyber-security is increasingly important, Secure Cyber Defense is reaping the rewards. The little company based in downtown Miamisburg’s South Second Street is seeing growing revenue and attention, said Shawn Waldman, the company’s co-founder and chief executive. Waldman said much of the company’s recent growth has...
Miami Valley Hospital buys more land near Austin Landing
Miami Valley Hospital buys more land near Austin Landing

Miami Valley Hospital has purchased two parcels of Miami Twp. land totaling nearly 12 acres near Austin Landing and the Exchange at Spring Valley, local property records show. 741 Developers Ltd. sold nearly 11.7 acres of land off Miami Village Drive to Miami Valley Hospital, in a transaction recorded Friday, according to Montgomery County hospital...
Recall roundup: canopies, monitors, and home goods
Recall roundup: canopies, monitors, and home goods

Floor lamps, mirrors, artwork, and video monitors are among the latest product recalls, according to the Consumer Product Safety Commission. Signature Design by Ashley Amnon floor lamps under recall have reportedly caused four incidents of minor property damage due to melted switches. The issue is with the product label which incorrectly states that...
Surge in construction jobs doesn’t help Ohio jobless rate
Surge in construction jobs doesn’t help Ohio jobless rate

A springtime surge in new construction jobs didn’t help the state’s unemployment rate in May, which remain lodged at 4.3 percent, unchanged from April, the state said Friday. Ohio’s non-agricultural wage and salary employment increased 22,600 over the month, from a revised 5,576,000 in April to 5,598,600 in May. SNAP INTO A SLIMJIM...
Tropical Smoothie Cafe giving away free drinks: Here’s how to get one
Tropical Smoothie Cafe giving away free drinks: Here’s how to get one

Tropical Smoothie Cafe is giving away free smoothies today for National Flip Flop Day. The smoothie chain will hand out free 16-ounce Sunshine smoothies from 2 p.m. to 7 p.m. today in honor of National Flip Flop Day. Customers who want a free smoothie have to wear flip flops to get the free drink. The chain is also encouraging customers to give back...
More Stories