DevelopOhio

Officials from the Village of West Milton and the Milton-Union school district recently met to discuss a proposed residential and commercial development that could bring jobs and millions of dollars in investment to the community, but would require infrastructure construction and improvements, the Troy Daily News reports. Developer Equity Inc. of Columbus “is expected to invest between $60 million to $70 million” in the Stillwater Crossing development, which would include “a Randall House assisted living facility and senior cottages, commercial spaces, and 132 single-family homes,” according to the article. The project would require “an estimated $12-15 million” in improvements, including “fiber optics, roads, and sewer systems.” If a tax increment financing (TIF) plan is approved, new property taxes generated by the development would help fund public improvements. Stillwater Crossing is “estimated to create more than 200 new jobs and bring in new businesses including a gas station and car wash, a coffee shop, and possibly a medical facility.” School officials “asked for more information, including estimates on the number of students that could move into the district,” expressing concerns about the impact on the district’s expenses due to increased enrollment.