City of Parkersburg, West Virginia Opportunity Zone Prospectus

CITY OF PARKERSBURG, WEST VIRGINIA OPPORTUNITY ZONE PROSPECTUS

Prepared by: DOWNTOWN PKB WOOD COUNTY ECONOMIC DEVELOPMENT

MARCH 2019 EXECUTIVE SUMMARY

The City of Parkersburg, West Virginia has a population of 30,096 and is housed within Wood County, West Virginia which has a population of 85,104. Moreover, the City of Parkersburg is located within the Mid- Ohio Valley which has a combined population of 177,699 residents. 1

Parkersburg has two Opportunity Zones – each with great opportunity for development and investment. The two zones include the Downtown Central Business District and mixed manufacturing, commercial and residential areas near Route 50 and the Little Kanawha River.

Since 2015, the City of Parkersburg has seen more than $138 million in private investment. 2

Downtown Parkersburg is the center of commerce, health care and government services. Downtown Parkersburg is the major employment center of the Mid-Ohio Valley. Our day time population swells to more than 6,000 people and people often enjoy lunch at one of our 14 family-owned restaurants or brewery. 3

The Downtown Central Business District has seen a number of revitalization projects in recent years. Most notably, the historic Union Trust building, TownePlace Suites by Marriott, and recently opened Camden Clark Medical Center’s new $20 million emergency room and surgical services wing and $9 million WVU Heart and Vascular Institute.

The City of Parkersburg is proud of its outdoor assets and in recent years has focused on quality of life improvements including the City Park splash-pad, 2.5 mile multi-use trail, kayak launch, the Point Park Marketplace and more.

1. www.census.gov 2. City of Parkersburg Development Office 3. Downtown PKB OPPORTUNITY ZONE INCENTIVES

TEMPORARY DEFERRAL: A temporary deferral of inclusion in taxable income for capital gains reinvested into an Opportunity Fund. The deferred gain must be recognized on the earlier of the date on which the Opportunity Zone investment is disposed of or December 31, 2026.

STEP-UP IN BASIS: A step-up in basis for the deferred capital gains reinvested in an Opportunity Fund. The basis is increased by 10% if the investment in the Opportunity Fund is held by the taxpayer for at least 5 years and by an additional 5% if held for at least 7 years, thereby excluding up to 15% of the original deferred gain from taxation.

PERMANENT EXCLUSION: A permanent exclusion from taxable income of capital gains from the sale or exchange of an investment in an Opportunity Fund if the investment is held for at least 10 years. This exclusion only applies to gains accrued on investments made through an Opportunity Fund. There is no permanent exclusion possible for the initially deferred gain.

Information Courtesy of the Economic Innovation Group OPPORTUNITY ZONE TAX INCENTIVES CONTINUED THE TAX CUTS AND JOBS ACT OF 2017 HAS ESTABLISHED NEW INTERNAL REVENUE CODE SECTION 1400Z – OPPORTUNITY ZONES

R YE A OP Q P P X O U A R A T T L U I F N I I E T D Y

Z WHO/WHAT IS O

INVOLVED IN AN N

OPPORTUNITY

ZONE

TRANSACTION?

O T

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Information Courtesy of the Economic Innovation Group WOOD COUNTY DEMOGRAPHICS AT A GLANCE OPPORTUNITY ZONE TAX INCENTIVES CONTINUED TOTAL EMPLOYER ESTABLISHMENTS: 2,028 POPULATION: 237.4 (PER SQ. MI.) LAND AREA: 366.26 SQ. MI.

MEAN TRAVEL TIME TO WORK 20.3 MINUTES TOP 5 SPECIALIZED INDUSTRIES BY EMPLOYMENT IN WOOD COUNTY

TRADE, TRANSPORTATION, UTILITIES 23% LEISURE & HOSPITALITY 13.1% MANUFACTURING 6.8% MEDIAN HOUSEHOLD INCOME $45,537 FINANCIAL 5% HIGH SCHOOL GRADUATE OR HIGHER: 90.1% INFORMATION UNEMPLOYMENT RATE BACHELORS DEGREE OR HIGHER: 21.5% 2.2% 5.3% (DECEMBER 2018) WOOD COUNTY TOP 10 EMPLOYERS

1. Bureau of Fiscal Services – 2,000 2. WVU Medicine’s Camden Clark Medical Center – 1,985 3. Washington Works (DuPont, Chemours, Kuraray) – 1,750 4. Wood County Schools – 1,671 5. Hino Motors - 550 6. Highmark WV – 450 7. Westbrook Health Services – 388 8. West Virginia University - Parkersburg – 372 9. Walmart – 356 10. Wincore – 350 RECENT INVESTMENTS

Hino Motors As a post-industrial city, Parkersburg has a rich legacy in manufacturing. After decades of job loss, this sector is also on the rise. Hino Motors, a subsidiary of the Toyota Motor Company, recently completed a $100 million expansion project in the community. In doing so, their workforce will grow from 250 employees to approximately 500 by 2020. Hino’s investment will drive additional growth in the local economy in the coming years as it strives to purchase and/or produce more than 51 percent of its auto parts in the United States.

WVU Medicine Camden Clark The region’s premier healthcare provider, WVU Medicine Camden Clark Medical Center has enjoyed not one, but two expansion projects. They include a new Emergency Room and Cardiovascular Care Center, as well as a new clinic/office building for Parkersburg Cardiology.

Other Investments • Construction of a new multi-use (2.6 mile trail) along the City’s waterfront from downtown Parkersburg to the City’s northern corporation limits • More than 100 blight structures have been demolished by private and public entities • Two designated bike paths (Little Kanawha River Trail and Cross Town Bikeway) run through both Opportunity Zones • Census tract 7.01 (Opportunity Zone #2) is part of the auto mall along 7th Street. In the last 10 years, millions of dollars have been invested in the dealerships. HIGHER EDUCATION OPPORTUNITIES

The City of Parkersburg is located in the greater Mid-Ohio Valley. The Mid-Ohio Valley offers a number of excellent higher education opportunities dedicated to community involvement and improvement. Wood County is home to a number of colleges including:

West Virginia University at Parkersburg WVU-P adds economic value to the region by employing a number of regional residents while also being a large-scale buyer of goods and services. In fiscal year 2016-2017, WVU-P had an economic impact study done which demonstrates just how valuable they are to our community: • $16.3 million operations spending impact • $685,600 student spending impact • $204.5 million alumni impact • $221.5 million total impact • 3,105 jobs supported

Ohio Valley University Ohio Valley University is a private-Christian institution located in Wood County, West Virginia. Ohio Valley University offers 27 majors throughout its 4 major academic programs, serving students from a variety of countries and continents. Mountain State College Mountain State College located in Parkersburg, West Virginia is home to two very needed programs: Dependency Disorders Technology and Medical Assistant studies. Founded in 1888, Mountain State College is committed to the educational and personal enrichment of each student.

Marietta College Across the river in neighboring Ohio, Marietta College also has an economic impact on the City of Parkersburg and Wood County. In 2018, Marietta College released an economic impact study that showed the following: • $44 million employment impact on the region. For every three jobs at Marietta College (374 total), an additional job is added to the regional economy • $2 million in student spending • $2.8 million in tax revenue for state and localities throughout the region

Also, we are located within a 40 minute drive of Ohio University in Athens, Ohio-- a major player in Ohio higher education. Martin Street 12th St Wyndemere Court

Wyndemere Drive Rector Road

11th St Kay Street

Edgewood Dr

Wyndemere Chase Linda Lane

Rosemar Road Orchard Avenue Orchard

13th Ave Willow Lane

Wyndemere Chase East 10th St James Court

Wyndemere Way College Park Circle Park College

Wyndemere Chase West

9th St Kay Street 14th Ave Briscoe RoadCollege Pkwy

15th Ave Joyce Drive Little Pond RunRita Drive

Hyland Drive Marie Street South Campus Drive Crestview Circle 8th St Crestview Circle Hazel Street

15th Ave Garvey Drive Old Rosemar Road Dimpsie Avenue 7th St

Sayre Ave CITY OF PARKERSBURG6th St Wirt St OPPORTUNITY ZONES: Bull Creek Rd

Marie St

Maxine Street

5th St Hazel Avenue 14th Ave Tavenner St

15th Ave

Ridgeway Drive Old Rosemar Road

(Census tract 110 and 7.01) Sayre Ave

Spruce Rise Road Murdoch Ave

Meadowcrest Dr

Rosemar Road

College Pkwy Meadowcrest Dr 4500

Neal Island Neal 45th St Parkwood Dr

Meadowcrest Dr Emerson Ave Briscoe Road

Willowbrook Dr

4600 Pond Run 46th St Canterbury Dr 44th St Powell St

4400 2200 Oak Ridge Dr

Hemlock St Murdoch Ave Willowbrook Dr Lantz Terrace 39th St Merrick St

Willowbrook Dr 4500 4500

Butler St 45th St

4500

45th St Woodland Dr 38th St Orchard St

Sayre Ave Campbell Drive B and O Railroad O and B Willowbrook Dr Hudson St 44th Pl Keith Way Packard St

4400

Emerson Ave 4400 37th St 4400

4400

38th St Uhl St Poplar St 4300 44th St

4300 44th St Briscoe Rd Canterbury Dr Crescent Ave Canterbury Dr 36th St 43rd St Woodland Dr

Stella St Briscoe Road Wharton Dr 4200 Little Pond Run 43rd St

Stella Court

4200

Lincoln St Parkview Wey

4200 Lakeview Dr Parkview Dr 4200 42nd St 43rd St 42nd St 4200

42nd St 4200 600 Stonebrook Dr Jefferson St 42nd St Powell St

Little Pond Run 3500 700 4100 Meadowcrest Dr 42nd St 41st St

4100 Murdoch Ave 800

Liberty St

4000

3400 39th St 4000 3800 Holmes Run 4000 40th St 40th St Worthington Creek 3800

Broad St 4000 Old St Marys Pike Stonebrook Dr 4000 3400 Lakeview Dr Packard St West Virginia Ave Edgewood Park Dr 38th St 4000 38th St 500 900 39th St

3800 Hemlock 37thSt St Packard Court

WILLOW TREE Stella St 600 1000 900 Orchard St 39th St 37th St WAY 36th St West Virginia Ave Packard Way Oakwood Lane 700 Lakeview Dr Frannwood Pl 33rd St 3300 1100 37th St 3600 Pond Run Linden St Cypress St 37th St 800 Beech St 1000 Rollins St 1200 3600 3700 2100 2200 36th St 500 36th St Central Ave Avery St 1100 2300 32nd St 900 3600 2400 2500

3200 Spruce St 2000 Plum St Sutton Dr Birch St 1200 1000 Cavalier Circle 3600 600 Liberty St 3600 36th St Poplar St 33rd St West Virginia Ave 36th St 1800 Willard St 700 Linden St 3500 3300 31st St 3600 3500 1400 1500 1600 1700 1900 Core Road 1100 35th St 3500 3100 2800 29th St 3500 Hamilton Ct 3400 3500 35th St 32nd St 3200 3500 Cadillac Dr Walnut St 30th St Bartlett St 2000 2700 33rd St 1900

Hemlock St 3000 Burk St Broad St 1000 Liberty St

Elm St Emerson Ct Plum St 500 31st St 3300 3500 29th St 2600 1900 Foley Ave 3400 Greenview Dr Hudson St 3100 Eastview St 600 3200 3400 3400 Packard St Dudley Ave Clement Ave 3400 Roseland Ave 2500 3400 Central Ave 2000 34th Pl 3400 33rd St 2100

2900 34th St 2400 700 Hemlock Ct Stealey Ave Lincoln Dr 3100 Millbrook Dr2300 3300 31st St 33rd St 3200 Birch St Avery St

Custer St Bartlett St 2800 Lewis Ave 2400 Core Road Foley Dr 30th St 32nd St 2400

3100 3000 James St Golf Dr Randolph Dr 26th St Pineview Dr Brookview St 3200 2200 Emerson Ave Fairview Ave 2400 Foxhill Dr 900 30th St 3200 Murdoch Ave 2700 Almeda Ct 33rd St Janet Dr 2300 29th St 3000 Kim St Vair Ave Foley Dr 1000 Cadillac Dr 25th St Keever St 100 28th St 1100 High St 3100 33rd St 200 2900 30th St Linden St 3100 29-1/2 St Plum St 2300 Foxhill Dr 2700 28th St 300 Riverview Dr 31st St 26th St 24th St 2700 27th St 29th St Elm St 400 1000 3000 3000 500 1100 2800 30th St 33rd St Worthington View 2700 Liberty St

3000 Randolph St 30th St 2600

600 Foxhill Terrace 100 28th St Smith St

Newton St 700 B and O Railroad Fairview Ave Linden St Avery St 2600 Beech St 29th St Bartlett St 1000 Glenn Ave 800 2800 26th St Dudley Ave 2900 28th St Core Road Garfield Ave Summit St Fairview Heights Pond Run 2500 Broad St

Ohio Ave Emerson Ave 2600 Division St NORTH 27th St Morningside Cir 2700 Murdoch Ave 27th St 900 26th St 2700

2500 Terrace Ave 2700 Vaughan Ave

Norwood St 24th St Clement Ave 2500 25th St

2500 2600 29th St Memorial Bridge 29th St Worthington Creek Hall St Grand Ave 26th St Liberty St 2600 2700 26th St 2900 Spring St 2800 25th St Fairmont St Brookside Cir 2300 24th St 2900 3000 Dudley Ave 2500 Valley Drive 19 1/2 St 2400 2600 28th St 2300 Covert St

Avery St Stadium Dr 24th St 2500 2800 20th St 2700 Plum St 1000 2800 Brooklyn Dr 27th St Ohio River 200 19th St Brooklyn Ave 27th St 2700 300 1100 2300 Brooklyn Ct Olive St 400 20th St 25th St

2500 Oak St

500 2700

Harrison Ave Church St 600 McKinley Ave Keith St Hill St Huron St 2600 Lynn St 24th St 18th St 19th St 2700 26th St 1200 23rd St 27th St 2200 Roosevelt Ave

2700 Moore Ave Garfield Ave Elm St 2600 100 Brooklyn Ter 25th St Ohio Ave 2500 Valley Drive Altman Ave 19th St Liberty St 26th St

2600 2600 2100 22nd St 1500 2300 Victory St 400 Broad St

Ann St Anne St 1800 1600 Cypress St 500 20th St Juliana St 600 Latrobe St 24th St 2500 Hill St

2300 2500 Avery St 1700 Cleveland Ave Power Ave 25th St Lincoln Ave 700 2000 2700 25th St 1800 2300 2400 Washington Ave 3200 3300 3400 Ruth St Core Road 1800 800 1900 23rd St Morningside Ave 2400 2400 Highland Ave 2400 Covert St Joan St Brooklyn Ave Interstate Route 77 900 New York Ave 1800 19th St Fairview Ave Penn Ave Frank St 1000 1500 1700 Elberon1200 Pl 2300 1600 2200 1100 2200 700 1700 2300 Monongahela Ave 1700 1400 20th St Highland Ave 2300 Kennedy St 800 2500 Congdon Dr Gant Ave 1600 18th St Louisiana Ave 2600 2300 Parker Ave 16th St 19th St 1800 McKinley Ave 900 Franklin Ave 2700 Harmon Ave 1200 Harrison Ave 1000 Garfield Ave Park Ave 23rd St 24th St 1300 1900 2800 Cherry Ave 2000 1600 Market St 1100 2100 Quick St 1700 2900 Bidwell St 1400 2000 Hill St Old Northwestern Pike 1800 3000 1500 19th St Liberty St 22nd St Spring St 900

2200

Lynn St Pearcy Ave 1600 Dickel Ave 900 1700 Maple St 1600 Elm St 1500 17th St 2000 Gove St 1500 Murdoch Ave 1700 1700 Pine St Sunrise Ave Stout St 16th St Latrobe St 1900 Woodland Ave 17th St 1800 Chestnut St 1900 1400

Park St Gant Ave

16th St Maxwell Ave2000 Oak St 1900 Race St 13th1300 St 1500 1600

800 800 Pond Run 700 Fairview Ave 1300 1600 2900 Plum St 18th St 800

Center St 7th St 3000 1600 17th St 800 1800 1400 2200 16th St 2300 US Hwy 50 1500 900 17th St 600 Covert St 1000 Skirvin St 14th St Beaver St 1800 1700 Bird St 600 Lawrence St Hoff St 1100 Ellis Ave Market St Spring St St Marys1400 Ave 17th St 2100 3000 12th St Avery St 1200 1200 Homeland Ave 100 Covert St 15th St 2200 1900 Juliana St 16th St 14th St 1700 13th St 500 Celia St 1200 13 1/2 St 2000 1400

Cornwall St Woodyard Ave 1200 200 300 1300 1600 Ardath500 Dr 1300 2100 Bird St Bridge St 14th St Lee St 12th St 400 2700 1100 16th St Reed St 400 500 1600 Wells Cir Dewey St Highland St Welles St 15th St 1200 600 Park Ave 2000 Jameson St 100 Paden St 1800 Elm Alley Laverne St Maple St 1100 1500 600 Roselynne2100 Ave 13th St Lynn St 12th St 600 11th St B and O Railroad Latrobe St Stephenson Ave 14th St 500

1200 700 1800 Eastlawn Ave Briant St 1900 Garfield Ave Busch St Camden Place 800 7th St Liberty St 1700 1900 1100 Putnam St 1000 900 1000 1400 Oak St Jackson Ave

1100 1100 Pearcy Ave Woodrow St Bird St Ann St Hillcrest Terrace 1200 12th St 300 Oakhurst Ave Peadro Al Ramsey St Worthington Creek 400 Dillaway St 1200 1500 500 Worthington St Tefft St 1200 Murdoch Ave 900 Bird St 10th St 1100 Dale Alley 13th St 1600 500 Juliana St 10 1/2 St 1000 100 1300 1400 Market St 500 1000 1000 1100 600 13th St 200 Tefft St 400 Charles St Park Ave 1900 Cornwall St 1100 7th St Worthington St Quincy St 12th St Worthington St 6th St 1000 1500 Mathoit St 1100 13th St 800 10th St Avery St 600

Plum St 1800 1300 1400 Latrobe St Bird St 300 700 9th St 9-1/2 St Columbia Ave 1700 700 William St Ohio St 7-1/2 St 800 Charles St 900 1300 8th St 1000 40 600 7th St 1100 200 Grafton LynnSt St Hutchinson St Worthington Creek Oakhurst Ave 900 Bird St Garfield Ave40 Andrew St 100 900 900 Avery St Jackson Ave 1300 Swann St 500 Wood St Wood St 300 Smithfield St George St Farrow Ave Shattuck Ave

Laird Ave 7th St 800 Wood St 400 Virginia Ave 200 400 Juliana St 7th St Wade St B and O Railroad 700 Clay St Andrew St 1200 Belle St Madison Ave 800 Staunton Ave 6th St 800 Agnes St 800 8th St Quincy St 1100 Stephenson Ave 300 1000 John St 600 Burke800 St 900 Liberty St Kenner St Ann St 300 Chancellor Ave 500 Camden St Market St 600 Bird St 5th St 3rd St 4th St E.8th St Nuhfer St 800 Mary St Lulu St 700 Mary St Camden St 400 1300 Staunton Ave 700 7th St Avery St500 200 Staunton Ave Juliana St Court Sqare 700 1800 William St 200 1600 Julius St 800 1700

Ohio St East St Green St Jeanette St George St Wilson Ave 400 500 500 B and O Railroad W Va Route 47 100 2nd St Leafy Glen Ct Worthington Creek Govt Sqare 300 Curry Ct 600 300 500 5th St 200 3rd St Harris St600 B and O Railroad 400 4th St Depot St 1st St 900 1000 W Va Route 68 200 500 700 800

Gale Ave East St McCabe Dr George St 300 B and O Railroad Green St Avery St100 US Route 50

1100 Little Kanawha River 1200 1st Ave L-K River Railroad 1st Ave Hamilton St 1300 Division St 2100 Fairfax St 1900 2000 2200 2300 1700 1800 Hugh St 1st Ave 1400 1600 2400 W Va Route 68 1500

East Street Bridge L-K River Railroad US Route 50

W Va Hwy 14 Fort Boreman Ave

Bradford Ave Milton St US Route 50 US Route 50

Neal Run Hawthorne St

Buckeye St 4th Ave Schultz St Fort Boreman Ct 1400 4th Ave 2200 Gladstone St Private Ave US Route 50 Camden Ave Mason St 4th Ave 2600 Thomas St 2500 CamdenHamilton Ave St 2400 2800 Camden Ave 2300 2900 Union Ct 2200 2100 3000 2nd Ave Polk Dr Hawthorne St 1400 2000 3rd Ave Fort Boreman Ct Wigal St 3100 1900 Ivy St 1800 Adams St 6th Ave 1300 Milton St Reamer St Johnson St 6th Ave W Va Hwy 95

Schultz St 2900

Lauckport Lane Hugh St 6th Ave 6th Ave Parmaco3200 St 6th Ave Buckeye St 4th PhillipsAve1200 St Pentecost Dr 3rd Ave Pike 2700St 1400 Neal St Division St 1100 Adams St 7th Ave 3300 Kanawha St 1300 Camden Ave Stroehman1000 St 7th Ave 4th Ave 2500 7th Ave Hickory St 1200 2400 7th Ave Dennis St 3400 Camden Ave 2300 2600 2200 Tygart St 3100 Locust St 1100 7th Ave 2100 8th Ave Deem St 900 Gladstone St 2000 7th Ave 3500 Marquis St 1900 Miami Ave 1000 1600 1800 3000 1700Knopp St 3200 FORT BOREMAN DRIVE Hickory St 9th Ave 3600 2600 Parmaco St 900 4th Ave 8th Ave Summers St 7th Ave Laurel St Hamilton St 800 Lenore St 3100 6th Ave 3700 Little Kanawha River Hall St 700 8th Ave Locust St Hugh St 9th Ave Sycamore St Ross St Laurel St Myrtle St 2600 Neal Run 2500 11th Ave 3000 Mission Dr Thomas St 700 Virgil St Detention Dr City View Dr 700 1100 Stroehman St 9th Ave Lenore St 3700 Shrewsbury Pl 7th Ave 9th Ave 600 1900 2200 2300 10th Ave 11th Ave 3800 Summers St 1700 1800 2100

CHAUNCY LANE 1600 2000 Myrtle St Marquis St Marquis 4th Ave 800 2500 500 Reservoir Dr 7th Ave 3900 4th Ave 700 3800 900 10th Ave 10th Ave 10th Ave Olive St Camden Ave Rush St Camden Ave 6th Ave Neal St Pike St Deem St 1000 Hamilton St St Tygart 12th Ave Virgil St Merrick St 3600

11th Ave 1100 8th Ave 3900 6th Ave 400 Thomas St 2500 Laurel St W Va Hwy 95Broadway Ave 7th Ave 4000

Victoria Ave 11th Ave Fox Pl

8th Ave Park Dr 10th Ave Nicely Pl 8th Ave700 3700 400 500 500 2500

500 2200 2600 Wilbur St Elder St 7th Ave 9th Ave 12th Ave 12th Ave 12th Ave 1200 Fern St 6th Ave 2100 700 3800 Johnson St 1900 1200

Scenic Drive Scenic 8th Ave Nicely Ave 600 300 2000 Stephens St Neal Run Moss Alley Olive St 600 13th Ave

9th Ave 6th Ave Lubeck Ave W Va Hwy 95 - Dupont Rd Frances200 St 13th Ave 13th Ave Fairfax St Myrtle St Cliffside Ave Elder St Hampton St 4000 2200 1300 7th Ave Stewart St 3800 10th Ave Ward St

100 14th Ave Jeffrey St Jeffrey 2500 Franklin St 14th Ave 300 800 Crescent St 14th Ave 1400 2600 Postlewaite Ave Stewart Ave Ridgeway Ave Beverly St Fairfax St Porter Dr 8th Ave 15th Ave 300 900

15th Ave Blizzard Dr 1500 Ward's Run Minner St Minner

Marshall Ct Kemper200 St 4000

Jeffrey St Jeffrey 15th Ave 11th Ave

Broadway Ave Wilbur St 9th Ave 15th Ave Vaught Ter 4000 Elder St Dorr Dr Division St Ext 1400 2500 Edwin St 100 W Va Hwy 95 - Dupont Rd Sleepy Hollow Rd 12th Ave Brenda Ave Division St Ext Newberry Dr 1500 16th Ave Dooley Ave

Tygart St 16th Ave 2600 1600 1500 4100 Hampton St

Audrey St 16th Ave

Kemper St 1600 1600 4000 Ward's Run

Princeton St 1700 Southlake Dr 1500 1600 South Hills Pl Nash St Erickson Boulevard 17th Ave Wilbur St 13th Ave Lubeck Ave 17th Ave 17th Ave 2100 Paul St Blizzard Dr Davis St 10th Ave 11th Ave 1500 2000 16th Ave Pike St Albright Dr 1600 Belmont Road 1700 Maple Cir 18th Ave 1800 Lake Hills Dr Lake Hills Ct Gladstone St 4300 1500 1600 Hamilton St 1600 Clyde St 11th Ave Rayon Dr 4100 W Va Hwy 95 Valley Road2500 4100 700 Camden Ave 1st Ave 19th NealAve St2100 Ridgeway Ave 19th Ave Dogwood Cir Broadway Cir Murray Lane Southlake Dr Boxwood Cir 1900 800 2000 12th Ave 4800

Highland Rd 4200

Edwin St 900 1900 1900 2400 4300 9th Ave 4800 2nd Ave South Hills Dr Hills South 4100

1700 15th Ave

Earl St Earl Ella St Ella Juniper Cir Broadway Ave 4400 Edgelawn St Broadway Ext Clyde St 4900 20th Ave 2000 2700 14th Ave 2300 2600 900 3rd Ave South St 20th Ave 2500 Erie St Poplar Cir Highland Rd Crescent16th Ave St Willoughby Dr Highland Pl 21st Ave 5000 2200 Melinda St 1000 Cameron Ave 2000 Cale St Broadway Ext 2500 1200 Midway 2100 2100 Rayon Dr 17th Ave 12th Ave W Va Hwy 95 Gihon Road Hillcrest St 2100 22nd Ave 1400 21st Ave 2200 4300 21st Ave 21st Ave Belmont Road Crescent18th Ave St Soyer St 2100 4900 4th Ave Capital Cir

2100 Murray Dr Nora St 14th Ave 500 1900 2100 1500 Erie St 22nd Ave 23rd Ave 15th Ave 1100

2200 4400 Mt. Vernon Circle 2200 2200 Tygart St 1200 600 5000 2500 1600 Niagara St Pickering St Fairfax St Clegg St Brook Pl Elmwood St 2200 2300 24th AveHampton St 16th Ave Edgelawn St 2200 1300 2200 1500 1400 Camden Ave 2200 700 Texas Ave Beverly St Hillcrest St 2300 4700 Rayon Dr Ward's Run 9th Ave Pennsylvania Ave 17th Ave 2300 1500 800 Dean St 9th Ave Grandview St 4400 1800 Point Dr Capital Dr

2300 2300 2300 Pike St 4800 2300 Neal St Soyer St Kentucky Ave 2600

Nash St 2300 Prunty St Niagara St Erie St 1600

Mt. Vernon Circle 20th Ave 1800 Cooper St Mt. Vernon Circle 24th Ave 2500 Gihon Road 2400

19th Ave

2400 4400 2400 18th Ave 2400 Delaware St 2400 2400 Capital Dr 4400

Division St Ext St Division Niagara St Unity Place Florida St 2500 2000 1500 Steven St Gihon Road 25th Place 2500 1600 2300 Gihon Road 2500 26th Ave 25th Ave 2200 Indiana St 18th Ave Grandview St 4900 Pinehurst Ave Interstate Route 77 1700 26th Ave 19th Ave Hope Hill Rd 2100 2600 5000 Pinewood Ln 17th Ave Beverly St

1800 2600 Fairfax St 2600 4800

18th Ave 2600

1900 Capital Dr 27th Ave Viscose StLudwig St

26th Ave 15th Ave

David Lee Dr Lee David

2700 Lenore St Lenore 4900 2400

Hugh St Hugh 26th Ave Earl P St Hamilton St Hamilton Neal St Neal 26th Pl 5000 Kanawha Dr

Villa Dr 2700 Hampton St Hampton 27th Ave 2700 Soyer St

27th Ave

Division St Ext St Division 27th Ave Capital Dr Capital

Pike St

Southmoor Drive 2700 28th Ave David Lee Dr

Fern St

Pine St

Park View Dr

Cedar St Willow Ave

Interstate Route 77

Witman Road Pike St

Rosebud St

Joy St

Thorn St

TARA LANE Walton Dr Petal St

2900

Patriots Ln

Stoops Road

Walton Dr

Eagle Lane

Knopp St

Bosley Industrial Park Dr

Stoops Road

Lost Pavement Road OPPORTUNITY ZONE #1: DOWNTOWN CENTRAL BUSINESS DISTRICT OPPORTUNITY ZONE MAP (Census tract 110) OPPORTUNITY ZONE #1: DOWNTOWN CENTRAL BUSINESS DISTRICT

Downtown Parkersburg has transformed in recent years from a place where activity was few and far between to a vibrant hub for local employers, employees and residents. With over 6,000 people commuting to downtown Monday-Friday for work, we have seen tremendous growth in locally owned restaurants, coffee shops, a brewery and more.

A FEW NOTABLE ADDITIONS INCLUDE:

Point Park Marketplace The Coffee Bar

Parkersburg Brewing Company Aspire Salon (Aveda Concept) Downtown Parkersburg – ArtOberfest Event With the recent addition of Edison lights on Market Street, events such as ArtOberfest are building a vibrant arts, entertainment and cultural district in the community. OPPORTUNITY ZONE #2 (Census tract 7.01)

The City of Parkersburg’s second Opportunity Zone is located along State Route 50/7th Street leading traffic from Clarksburg, West Virginia or Interstate 77 into Downtown Parkersburg. This area of Parkersburg runs along the Little Kanawha River and although these neighborhoods have experienced disinvestment for some time, they are prime for redevelopment. A great mixture of residential, commercial and manufacturing, this area used to be home to several large manufacturing operations. Within this census tract, there is also an elementary school, a local Boys and Girls Club, a historical district, Quincy Park and a local transit hub. PROJECTS TO HELP US GROW

Like many communities our size, we face a slowly declining population which in turn, has lead to a decreasing tax base. Over the years, several projects have been coveted by the community; however, we have often fallen short on the liquid assets needed to bring said projects to fruition.

Opportunity Zones and Opportunity funds would be a great way to see some of the projects that our community wants and needs become a reality! PROJECT #1: POINT PARK REVITALIZATION OPPORTUNITY

Point Park in Downtown Parkersburg has seen many changes during the last 120+ years. Our community is protected by a floodwall; however, the floodwall has impeded the ability for people to easily reach both local rivers-- the Ohio River and the Little Kanawha River.

The proposed redesign of Point Park, paired with our in-the-works floodwall mural would revitalize and rejuvenate a gem in our community.

FLOODWALL ENTRANCES: Entrance #1 – The main entrance of the site from inside the park. Here the floodwall opening is expanded to forty feet and given an updated facade for a more welcoming and official park entrance.

Entrance #2 – The second entrance currently located adjacent to a private marina/boat slips is opened to allow for a greater connection to the city. The entrance is also opened to allow for more emergency access. AMPHITHEATRE:

A bird’s eye view of the amphitheater complex, the temporary barges can be seen in addition to the expanded permanent seating behind the existing amphitheater.

From the water looking towards one of the temporary barges holding the bleachers for concerts and large events. AMPHITHEATRE:

View looking into the audience from the floating stage on the temporary barge.

A perspective of an audience member looking towards the on river stage area.

TOWN CENTER:

The depot is a replica of an existing train station located on 6th street. Here the Looking into the town center from the train depot Blennerhassett Ferry Tickets can be sold boardwalk. The large building has retail on the first with additional space for retail. Located floor, two stories of parking garage, a restaurant and under the overhang is a space for the four floors of residential housing. farmer’s market to be held. The overhang also has a green roof.

A view into a reclaimed permeable parking lot surrounded by natural plantings to control storm water runoff.

For a full rendering video please visit: http://projects.therossfoundation.org PROJECT #2: FLOODWALL MURAL OPPORTUNITY

In an effort to improve the aesthetic appearance of our protective floodwall along the Ohio River, Downtown PKB’s Design Committee is leading the charge to raise funds and to tell the story of Parkersburg through public art. The Floodwall Mural Project is a way to connect downtown to our natural resource of the river while telling visitors the story of Parkersburg through public art, commissioned and painted by local artist Chris Santer. Great investment opportunity for a lover of public art. PROJECT #3: CAMPBELL PLAZA MIXED USE OPPORTUNITY

The Campbell Plaza Building, having previously been a major computer center, has a sophisticated power system with two electrical services to the building. Built in 1958, this building is comprised of 50,000 square feet with an elevator, sprinkler system and its own 100 spot parking lot.

In 2018, Downtown PKB worked with a team comprised of the Wood County Economic Development office, the City of Parkersburg, the Ross Foundation and the McDonough Foundation to find a way to utilize the building. The Mills Group out of Morgantown, West Virginia, completed architectural renderings of the project utilizing the first floor as a business incubator and the three upper floors with eight apartments per floor. Our team also has a detailed proforma with associated costs and rental rates ready for the right developer!

Rendering courtesy of the Mills Group For a full rendering video, please visit: https://vimeo.com/258131966 PROJECT #4: THE COX BUILDING MIXED USE OPPORTUNITY

The Cox Building, located at 720 Market Street in Downtown Parkersburg was home to the former Cox Department Store. This building has sat vacant for a number of years and is currently owned by the Parkersburg Actors Guild and is situated in our Downtown Arts District.

In 2018, Downtown PKB used a grant from the Ross Foundation to have architectural renderings done of the Cox building. These renderings showcase the opportunity for someone to rehabilitate a great building with two retail spaces on the first floor– one being 1,860 square feet and the other being 3,340 square feet with a 1,283 square foot apartment common area in-between.

The upper two floors show renderings featuring six, upscale apartments per floor. Sizes vary between one, two and three bedroom options. Given this buildings close proximity to some of Wood County’s largest employers (the Bureau of Fiscal Services, WVU Medicine’s Camden Clark Medical Center and Highmark Health) we certainly think this housing development is a MUST!

Our team has put together a detailed proforma and renovation cost list for this facility and are looking for the perfect developer to bring these renderings to life!

Rendering courtesy of the Mills Group

For a full rendering video, please visit: https://vimeo.com/258129053 Living Space

Rendering courtesy of the Mills Group

Bedroom Kitchen PROJECT #5: SPORTS COMPLEX OPPORTUNITY

In 2013, the Wood County Development Authority in conjunction with the City of Parkersburg, the Chamber of Commerce of the Mid-Ohio Valley and the Great Parkersburg Convention & Visitors Bureau commissioned a study by AECOM for a baseball field feasibility analysis. This analysis studied locations, community feelings and the possibility of bringing a minor league baseball team to the area. Though we still have partners interested in making this project a reality, we need another partner– is that you?

Fast forward to 2019, our hope is to bring the baseball field to fruition while slightly adjusting the initial plan to be able to host other community events in house-- state and local softball and baseball tournaments, a small-scale concert venue, exhibit hall and more. In 2013, a coveted location for the baseball park concept was along Depot Street in the heart of downtown and close to the Little Kanawha River. Lucky for a developer and our community... this land falls within an Opportunity Zone! The study has been done, other partners are eager, and together we can revitalize a large chunk of our beloved downtown.

Renderings courtesy of OSports Location in Downtown

Aerial view of sports complex Renderings courtesy of OSports PROJECT #6: FEDERAL BUILDING MIXED USE OPPORTUNITY

At the end of 2017, the Federal Government sold the former federal building located at 425 Juliana Street to a gentleman out of New York City. This building is currently on the market and takes up an entire city block in the heart of Downtown Parkersburg. Consisting of 83,000 square feet, its own parking lot, ADA accessibility, elevators and more. This building would be a perfect location for a mixed-use development featuring downtown housing. The backside of the building housed the United States Postal Service and features a number of large, drive-in doors making this part of the building perfect for a light manufacturing tenant.

Residential tenants could walk to their jobs at the Bureau of Fiscal Services, Highmark Health, WVU Medicine Camden Clark Medical Center, City or County government offices and more.

Courtesy of the General Services Administration LOCAL ECONOMIC DEVELOPMENT PARTNERS

WOOD COUNTY ECONOMIC DEVELOPMENT DOWNTOWN PKB Lindsey Piersol, Executive Director (A MAIN STREET COMMUNITY) 304-422-5650 Wendy Shriver, Executive Director [email protected] 304-865-0522 www.developwoodcountywv.com [email protected] www.downtownpkb.com CITY OF PARKERSBURG Rickie Yeager, City Development Director WEST VIRGINIA UNIVERSITY AT 304-424-8415 PARKERSBURG [email protected] Dr. Chris Gilmer, President www.parkersburgcity.com 304-424-8200 [email protected] www.wvup.edu MID-OHIO VALLEY REGIONAL COUNCIL Carol Jackson, Executive Director CHAMBER OF COMMERCE OF 304-422-4993 THE MID-OHIO VALLEY [email protected] Jill Parsons, Executive Director www.movrc.org 304-422-3588 [email protected] www.movchamber.org Created in Partnership:

A Main Street Community