All that being said, the project is being rated including a NEXUS criteria, that rates projects based on their potential impact to a community. This project should score high on the state’s project list because it is at the intersection of the Turnpike, I-90 and SR57; it is in close proximity to a viable commercial area in the Mall, retails strips and an industrial park; and there is potential economic benefits from future growth in 160 vacant acres of undeveloped property.
Anticipated
benefits to the Route 57/49th Street Bridge Reconfiguration:
Project Cost/City Investment: -
Total anticipated cost: $28 million
- City of Elyria’s investment: $1,880,369 – includes:
- $227,000 in preliminary engineering
- $53,369 in detailed design
- $1.6 million cash city match
- Pending additional local match by business community
Vital to Safety and
Helpful to Our Economic Future
-
Improvements to safety to remedy high crash zone
- Improved access/barrier removal between I-90 and the Turnpike
- Improved access to Midway Mall, local hotels, restaurants and strip retail areas
- Improved access to industrial park
- Improves the appears and function of a commercially viable area as demonstrated by new or improved businesses in the past three years: McDonald’s, Olive Garden, Verizon, Chipolte, Key Bank, Hampton Inn
- Aesthetic improvement to City and Mall entrance will retain and expand retail and other development
- Opens the westside of Elyria to future development
- Local and regional employment opportunities in construction trades
- Sales increases to local and in-region construction firms
- Increase in City of Elyria tax base from construction
- Serves as a catalyst for the Mall area Redevelopment Plan
Potential Re-development
Opportunities
-
Opens access to 140.2 acres of undeveloped land
- Central green space created between the two new at-grade intersections will create two highly visible and easily accessible sites for commercial development
- The reconfigured road network creates an opportunity for future business development in the Midway District. These sites will have greater access to both I-90 and the Ohio Turnpike.
- Relocation of southern on/off ramp provides an opportunity for two signature buildings that will create a northern gateway to the Midway District and provide much-needed Class A office space and other multi-story mix-use development spaces
Our Kind Employees Help Elyria’s
Critters…
