Thank you to everyone who attended the community meeting on September 12th to learn about and comment on our current redevelopment plans for Wenner Field in Ashtabula City!
For those of you who couldn’t make it, please see the handout that was provided to meeting attendees.
Here is what you need to know:
• The Land Bank acquired the property in December 2021 via a private donation from Harbor Anchor Properties
• Based on a thorough residential market analysis, the Ashtabula City Primary Market Area needs up to 50 new units of for-sale single-family units priced between $150k - $250k by 2025
• Beginning in spring of this year, we invited redevelopment ideas through a competitive Request for Proposal process from qualified real estate developers
• The most compelling and feasible proposal was submitted by M&K Developers
• M&K Developers have extensive experience in real estate development, most recently their Harbor High Estates project at the old Harbor High School
• M&K’s current proposal calls for between 18-20 single-family homes from a variety of housing styles/layouts on lots with a minimum width of 60ft (in accordance with current zoning regulations). The proposed site layout requires extending Pennsylvania Avenue into the field to form a cul-de-sac of six lots
The project is still in the preliminary development phase and subject to change, which is why we are currently inviting public comment. If you wish to further comment or have any questions, please email firstname.lastname@example.org and we will get back to you as soon as possible.
The next steps will be securing approval from the Land Bank Board of Directors and then finalizing a development agreement in the coming months. We will provide project updates as they occur.
ABOUT THE LAND BANK
The Ashtabula County Land Bank was created in 2013 in the aftermath of the financial crisis. The land bank’s primary focus has been demolishing blighted structures to help restore property values and safety to Ashtabula’s neighborhoods. The land bank also serves as a countywide community revitalization organization by performing a variety of activities in addition to demolition:
Returning property to productive private ownership
Brownfield site assessment
Land assembly and redevelopment
Community planning assistance