Charlestow n Gateway Opportunit y Charlestown Gateway Development

Charlestow n Gateway Opportunit y

Charlestown Gateway Development Opportunity Regional Location Features • Approximately 8 +/- acres in the City of Charlestown – one of the fastest growing municipalities in southern Indiana (population of approximately 8, 000) • Adjacent to River Ridge Commerce Center and minutes away from major interstates and downtown Louisville, KY • Approximately 25 miles from SDF and 10 miles from JVY • Property can be placed within a TIF district • INDOT Traffic Counts • HWY 62 @ site: 11, 500 (2016) • Hwy 62 ½ mile south of site: 16, 100 (2016) • Market Street @ site: 12, 800 (2016) • Market Street ½ mile west of site: 16, 800 (2016)

Charlestown Gateway Development Opportunity Property Description L&M Bag Buildings • Approx. 2. 09 acres • City of Charlestown Redevelopment Commission to purchase property for $275, 000 in 2019 • Demolition and environmental analysis slated for Spring 2019 • Redevelopment Commission can transfer the property to a developer for $1 via RFP process, if certain conditions are met

Charlestown Gateway Development Opportunity Property Description Mackdaddys LLC • Approx. . 75 acres • Privately-owned • Asking price is $350, 000

Charlestown Gateway Development Opportunity Property Description Nickles Parcels • Approx. 4. 96 acres • Privately-owned • Asking price is $1, 000

Charlestown Gateway Development Opportunity Potential Deal Structure • City of Charlestown Redevelopment Commission acquires all parcels for appraised value, estimated at $1. 6+ million • City of Charlestown Redevelopment Commission commits up to $400, 000 in additional TIF funds for demolition, clean up and site preparation for development • City of Charlestown Redevelopment Commission solicits a RFP for the entire site and establishes a full site purchase price of $1 million • City of Charlestown would be willing to consider additional incentives or commitments on a project by project basis • Deal structure would require full approval of the City of Charlestown Redevelopment Commission • Developer would be required to begin construction at the site within 12 months of property transfer

Charlestown Gateway Development Opportunity Property Aerial

Charlestown Gateway Development Opportunity Contact Mayor Bob Hall City of Charlestown 304 Main Cross Street Charlestown, IN 47111 812 -256 -3422 www. cityofcharlestown. com