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Oakwood Commons Issue Passes in South Euclid

Oakwood Commons Issue Passes in South Euclid

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Published by: oakwoodcommons on Nov 09, 2011
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11/09/2011

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Oakwood Commons Issue Passes in SouthEuclid
South Euclid, Ohio…Voters approved Issue 96 in South Euclid, affirming unanimous votes by theSouth Euclid Planning Commission and City Council to rezone the South Euclid portion of theformer Oakwood Country Club for retail and park use.“I want to thank the voters for their support, voters who said they want a 21-acre park; voterswho said they want new jobs for themselves, their children and for others who’ve searched invain for work; voters who said let’s keep our tax dollars in South Euclid; voters who valuereasonable and appropriate solutions that balance economic needs with environmentalstewardship; and voters who chose win-win instead of win-lose,” said Mitchell Schneider,president of First Interstate Properties, developer of the proposed Oakwood Commons.“Now it’s time to get to work. We will now work hard to finalize agreements with retailers, finishwork for permitting and finalize details for the park,” said Schneider.In campaign literature and at public meetings, Schneider stated numerous times he will invest$45 million dollars in South Euclid, create more than 700 jobs, generate annual revenues to thecity of nearly $750,000 per year and double the amount of park space in South Euclid. Thepassage of Issue 96 now assures that will happen.“Today’s vote represents a turning point for South Euclid — one that points toward growth ratherthan decline,” Schneider said. “And it wouldn’t have been possible without the unanimoussupport of both the city’s planning commission and the city council of South Euclid. In particular,I want to mention, commend and thank Mayor Georgine Welo, President of Council David Millerand Councilwoman Jane Goodman for seeing the benefits of this project and helping theirconstituents understand those benefits.” stated Schneider.“This has been a tough campaign. I think it was especially tough on the voters, who had tosuffer through too much anger and campaign rhetoric. I want the residents of South Euclid toknow that I heard a few things loud and clear. They want a quality development; they wantstores that deliver value and affordable goods; they want retailers and restaurants that takepride in their own stores and pride in the community that surrounds them; they want a park thatwill be enjoyed by all; and most important, they want an operator that will keep the promises hemakes. I told the voters of South Euclid that my reputation and that of First Interstate is on theline now, today and tomorrow. I intend to keep my promises,” added Schneider.First Interstate Properties, Ltd. is a Lyndhurst-based full service real estate developmentand management company. Since its inception, First Interstate has built a sound reputation as adevelopment firm concerned about and responsible toward the impacts of commercial growth onsurrounding areas. Local retail projects include Legacy Village in Lyndhurst, Steelyard Commonsin Cleveland, Avon Commons in Avon and Creekside Commons in Mentor. For more information,please visit our Facebook page athttp://www.facebook.com/pages/First-Interstate-Properties/176798765687837, our website athttp://www.first-interstate.comor the Oakwood Commons website athttp://www.oakwoodcommons.net/.

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