Edmond reports economic impact of medical complexes
Development of three medical complexes has had an economic impact of more than $300 million. More than 1,000 medical employees will be working at the three locations once Mercy Health Edmond opens in the summer.
Dirt work and the moving of oil tanks is under way on the northwest corner where the conference center and hotel will be built.
Edmond has made an $11 million investment in the conference center, sports complex and infrastructure. Officials consider it a way to promote economic development and increase sales tax revenue.
“Developers will purchase back the land over the next 15 years,” Yowell said. “We will see sales tax revenue as these areas are built out.”
City council members also have approved an Edmond Economic Incentive Policy that sets out incentives for retail owners who open a business in Edmond, or for local businesses that expand.
“We are very excited about this and we want to help stimulate growth,” Yowell said. “Edmond is serious about economic development both by investing new developments and this new incentive policy.
“We really want to take control of the future that we have and maximize the remaining land and the large parcels of land we have left. We want to pursue appropriate types of economic development.
“We look forward to a bright year in 2013.”
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