Since the agreement was signed in 2009, the City’s annual income tax revenue has increased incrementally, from $4.9 Million in 2009 to $17.3 Million in 2021. The development also brought two hotels and an event center to the City of Grandview Heights. Grandview Yard has been transformational for both the City and our schools, both in terms of opportunities and fiscal sustainability.Īs of today, the Grandview Yard mixed-use development has created 4,600 jobs, $300,000,000 in annual payroll, $281,000,000 in Real Estate investment and $72,000,000 in public infrastructure investment. Recognizing both a significant threat and a once-in-a-lifetime opportunity to create a bright future for our community, former Mayor Ray Degraw's administration, collaboratively with City Council and the community at large, set about creating a vision for a new mixed-use commerce district that would become Grandview Yard.īy 2007, Nationwide Realty Investors had acquired enough land to begin to plan in earnest, and in 2009, a public-private partnership was born that would allow for comprehensive infrastructure development of this former brownfield area, and the creation of many new parcels for private development. At nearly ten percent of the City's land area, and a much larger percentage of our commercial tax base, the City's manufacturing and warehousing district, which had once sustained both the City and our Schools, was transitioning, with a future yet unwritten. Following the bankruptcy of Penn Traffic and subsequent closure of the Big Bear office and warehouse complex on the City's eastern edge in 2004, the future of Grandview Heights was at a pivotal moment.
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