Huber Heights

New Developments Mean Big Money For Huber Heights

Oct 2, 2015

The city of Huber Heights is expecting a big payout with two new housing developments.

 

A senior living facility and multi-family housing complex in the city’s Carriage Trails Subdivision is expected to create $34 million in revenue over the next three decades.

 

The senior living facility called Danbury of Huber Heights will bring 180 full-time jobs with a payroll of $3 million into the city once the building is finished.

 

Sponsorship Deals Not As Profitable As They Once Were

Jan 21, 2015
The Music Center at the Heights is expected to open in the spring.
Huber Heights City Website

The city of Huber Heights will receive $4 million over the span of 20 years in exchange for the lifetime naming rights to its new music center.
 

Selling naming rights has been lucrative for some in the past. The Dayton Dragons have received $325,000 from Fifth Third Bank every year since 1999. And the Schuster Center got its name after Dr. Benjamin and Marian Schuster donated $8 million. But the market has slowed down in the last few years.

Huber Heights Preps Budget For Music Center

Dec 3, 2014
The Music Center at the Heights is expected to open in the spring.
Huber Heights City Website

The city of Huber Heights is getting closer to finalizing its spending plan for next year. This will be the first year officials craft an operating budget for the new music center. 

 

Huber Heights School District May Seek Another Levy

Nov 13, 2014
Huber Heights City Schools District Superintendent Sue Gunnell said the school board might request an additional property tax levy in May.
Huber Heights City Schools

Voters in Huber Heights said no to a school levy for sixth time earlier this month. The Huber Heights City School District is stretching to cover the cost of Common Core.

District Superintendent Sue Gunnell says an extra $4.4 million a year would have meant 14 additional teachers, and the school needs new books and supplies to help teach the Common Core standards. 

“We have not been able to update our instructional materials for quite some time,” she said.

GoodSports Halts Hotel Development

Nov 6, 2014
A drawing of the the GoodSports hotel and fieldhouse would look like in Huber Heights.
GoodSports Enterprises

GoodSports Enterprises has halted development on its proposed $22 million fieldhouse and hotel in Huber Heights until a new funding partner is secured. The company was planning the sports complex near I-70.

GoodSports had hoped to get funding by Nov. 15 after stepping away from its initial partner back in April.

Miami Valley Voters Approve City Tax Levies

Nov 5, 2014
Huber Heights has seen tax revenues decline since the Recession.
Lewis Wallace / WYSO

Huber Heights residents have approved an income tax increase to be used to support police, fire and public safety. That’s among several city tax increases that passed in the Miami Valley.

Huber Heights was looking at a $2.3 million shortfall for the year, and officials say they have been using a combination of small cuts and its reserves to actually run the city and its services. But City Manager Rob Schommer says that fund was about to go dry.

Huber Heights Adds New Costs To Music Center Project

Jul 28, 2014

Huber Heights is close to passing upgrades on its planned $18 million music center. On Monday evening, the Huber Heights City Council will take up three pieces of legislation that increase the city’s spending on the project by more than a million dollars. The additional funds will go to pay for concession stand upgrades, and a VIP center for the 4,500-seat concert venue.

Huber Heights To Seek Income Tax Increase

Mar 11, 2014
Huber Heights has seen tax revenues decline since the Recession.
Lewis Wallace / WYSO

Huber Heights has announced plans to seek an income tax increase on the November 2014 ballot; the city is predicting budget shortfalls of $2.3 million per year.

“We’ve been using reserves for the past five or six years to provide the services we have out there today, and we’ve come to a crossroads,” says Scott Falkowski, Huber Heights Assistant City Manager.

Lewis Wallace / WYSO

Last month WYSO reported that an Illinois-based hedge fund had purchased about one in eleven homes in the town of Huber Heights. The company made national news by asking Montgomery County to reduce its property taxes by over a million dollars. Now the results are in—and they weren’t as hard on the local budget as expected.

WYSO/Lewis Wallace

A story in Bloomberg earlier this week found that hedge fund Magnetar has bought up a significant chunk of the rental stock in Montgomery County’s Huber Heights—and then requested a major reduction in those properties’ values. That reduction, if approved, could affect the city’s taxes and levies.

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