WEST MILTON — The village of West Milton has announced plans to develop a new housing and commercial development to be called Stillwater Crossing.
This $65 million investment is projected to create 250 jobs, 150 new homes, and add new businesses and senior living options to the community.
“I’m excited to say I believe we are on the cusp of creating a development agreement with a potential developer,” Municipal Manager Matt Kline said.
The village would be working with Equity Inc. of Columbus, he said.
In June, council approved an option to purchase a $1.1 million, 97-acre parcel of land located across the river on State Route 571 and Iddings Road, south of the Stillwater Golf Course.
The new development would be called Stillwater Crossing, Kline said, and would include a nursing facility, Randall House, surrounded by 17 senior cottages. The development would also include a healthcare facility, commercial spaces, and a projected 150 single-family residential homes.
“It’s people that are going to shop downtown, people that are going to eat downtown, people that are going to live here and contribute to our community and to our school system,” Kline said.
He added that the village has a signed letter of intent from Ryan Homes to build in the development. He estimated that those single-family homes would be in the low- to mid-$200,000 range.
According to Kline, $12 million in public improvements would be financed through a TIF, or tax increment financing.
Kline said that there is still a lot of work to be done before this development can move forward, including the finalization of the development agreement. The village will also meet with the schools to discuss the TIF options.
“This is just a great community to live in and raise your children in and to educate them. One of the greatest strengths that we have is community and an excellent school system and people want that,” Kline said. “We need to grow that population base. We have a great little downtown, but you need customers and you need more people.”
In other business, Scott Hurst was appointed to fill the vacant seat on council. He was selected from a field of three candidates and will fill the term until the end of next year.
Reach Cecilia Fox at firstname.lastname@example.org.