|
|
3406 South Meridian Road
Youngstown
, |
The
largest employer in the city now is Youngstown State University, an urban public
campus with about 13,000 students. The largest industrial employers in
the metro area are General Motors' Lordstown auto assembly plant and Delphi
Packard Electric Systems and the WCI Steel plant, both in Warren, Ohio.
Providing a glimmer of industrial hope is the Youngstown Business Incubator, a downtown nonprofit organization housed in a former department store building where fledgling technology-based companies can grow. The incubator currently has about
16 business tenants and will soon begin construction on a multi-million
dollar downtown technology center where some of its largest firms will
relocate. This effort is expected to retain hundreds of good-paying jobs and
eventually create hundreds more.
Construction
began on 60-home upscale development called Bailey Center in 2004, and a grant
from the U.S. Dept. of HUD allowed for the demolition of Westlake Terrace, a
public housing project that was one of the most dilapidated and crime-ridden
areas of the city (it is being replaced with a mixture of senior housing,
rental townhouses and for-sale single-family homes). Low real estate prices
and the fervent efforts of the Youngstown Central Area Improvement Corporation
(CIC) have resulted in the purchase of several long-abandoned downtown
buildings (many by out-of-town investors) and their restoration and conversion
into specialty shops, restaurants, and eventually condominium, and a nonprofit
organization called Wick Neighbors is planning a $250 million New Urbanism revitalization of Smoky Hollow, a neighborhood that borders both downtown and
the YSU campus. The neighborhood will eventually comprise about 400
residential units, YSU student housing, retail space, and a central park, with
construction slated to begin in 2006.
Also
nearing completion is the Youngstown Convocation Center (expected to be
completed in October 2005), which was made possible by a $26 million federal
grant. Located on former steel mill property in front of the downtown skyline,
the new arena will seat about 5,500, and has as its anchor tenant a hockey
team, the Steel hounds, who will compete in the Central Hockey League in
2005-06. The City also plans to develop vacant land adjacent to the
convocation center, either as a park, a river walk (the Mahoning River flows
through the site), an amphitheater, or possibly a new athletic stadium for use
by the city's public and private high schools.