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BUCKEYE LAKE 2030 ECONOMIC IMPACT STUDY RELEASED

BUCKEYE LAKE 2030 ECONOMIC IMPACT STUDY RELEASED

The Buckeye Lake 2030 (BL2030) Corporation has released an Economic Impact Study executed by Gruen Gruen + Associates (GG+A). GG+A provides contract research and analysis executed by a collaborative team of urban economists, marketing strategists and land use / public policy analysts.

The study, intended to project the impact of the BL2030 Community Vision, is predicated upon the completion of the Buckeye Lake Dam restoration in 2018 as initiated by Governor John Kasich. It provides “initial order-of-magnitude estimates that characterize the economic and fiscal ramifications of successfully implementing and realizing the BL2030 Vision.”

According to the data aggregated by GG+A, the Buckeye Lake region will see 3,900 to 6,300 new jobs, specifically in food and beverage, arts and entertainment, accommodations and retail.

In addition, the region will see $11 – $17 million in annual direct property tax from new housing and lodging, and $240 – $390 million in direct annual lodging revenues and visitor spending.

The study projects 2.5 to 4.3 million visitors to Buckeye Lake per year accompanied by overall economic growth of 250% – 400% in the Buckeye Lake Region by the year 2040.

“This is the first concrete, measurable, and very encouraging outcome of the Buckeye Lake Community’s vision of the future adopted in May 2016,” Yaromir Steiner, Regional Planning Task Force leader said. “It shows that we can build a prosperous community great for raising families and contributes to the quality of life of our region. This is also a good precedent for the initial planning efforts that will commence late Spring of this year.”

The GG+A study was paid for by the BL2030 Corporation with a grant from the Buckeye Lake Community Foundation Fund.  Downloadable PDFs of the announcement press release, the study and an infographic detailing the highlights from the executive summary are available below.

DOWNLOADS:

Press Release – April 4, 2017 – BUCKEYE LAKE 2030 ECONOMIC IMPACT STUDY RELEASED (218 K)

Buckeye Lake Tourism Vision Impact Analysis – March 2017 (581 K)

Buckeye Lake 2030 Economic Impact Infographic (227 K)

By | 2017-11-18T14:07:51+00:00 April 4th, 2017|Business, Planning and Studies, Updates|3 Comments

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3 Comments

  1. Dane Swinehart April 22, 2017 at 8:08 am - Reply

    Has a density study been done to determine how many boats can be accomidated on the 4000 acre lake. Many people do not go boating on holidays and weekends because of so many boats on the water and the waves and churning of the water. Not a peaceful day on the water for many. Adding 2.5 mil visitors at a rate of 6 per boat would add over 400,000 boats to the lake. That leaves little room to enjoy a pleasant boating experience. So, I ask again how many visitors cane be added to this area before the place folds from it’s own weight and inconvience.
    I also believe an accomidation needs to be be made to economically relieve the flooding. On the backside of the levy needs to be drained. Not cause for punitive action to prevent discharge of runoff that will eventually reach the lake in any large runoff event. I would hope someone is listening. Not confident anyone is listening!

    • Mike Fornataro April 24, 2017 at 6:58 am - Reply

      Dane, thank you for comments. As a long-time Lake resident and boater I know exactly what you are referring to; since the 1980’s we would often leave our boat tied up on the weekends when the Lake traffic is at its peak.

      I am not aware of a study researching the number of boats Buckeye Lake can sustain; that would seem to be more of an ODNR project and it is a valid question. Such a study would almost certainly lead to questions of how to control access to a public lake. As you know, ODNR controls what happens on the waters of the Lake itself, and sets all boating regulations. It is up to all of us to communicate to them what we believe is in the best interest of the Buckeye Lake Region.

      One of the issues with the rough water west of Cranberry Bog has always been that the blunt seawall of the dam radiates the wave action back into the Lake. The plan for the face of the new dam will have a slope which will allow waves to dissipate, like a natural shoreline. This should help to some degree with the heavy chop.

      Visitors are going to be coming to Buckeye Lake in increasing numbers with the completion of the dam – with the easy access and allure of spending “A Day at the Lake” it is inevitable. A blessing and curse that will need to be managed by a unified voice that includes representation from all 3 counties, the townships, communities, residents and businesses. To enable that voice is the stated goal of Buckeye Lake 2030.

      BL2030 is solidly behind the efforts to find a viable solution to the ODNR/ Army Corp of Engineers mandates regarding the discharge of runoff into the Lake and fully understand the hardships placed upon our neighbors; the immediate financial stress and possible increased flooding.

      Your letter eloquently stated many valid points. One action we all can take is to voice our concerns to the Army Corp of Engineers. Please write to: http://www.usace.army.mil/Missions/Regulatory/Public-Notices/article/1136742/irh-2013-257-mus/
      Please note that the Army Corp of Engineers has asked for this input, but we must submit our comments by April 29th.

      Thank you again for taking the time to write of your concerns. We’re all in this together.

      Best,
      Mike Fornataro
      Executive Director,
      BL 2030

  2. Dane Swinehart April 29, 2017 at 1:00 pm - Reply

    Mike, thank you for the reply. That allays one of my fears that no one is listening. It appears to me that in an effort to justify grand plans and spending large sums of money the object of all efforts will be weighted down. Just as a park or any limited size space can be overwhelmed with use this lake is no exception and including any amount of space outside of the water area will not improve the limitations on the water space. If the overcrowding becomes a problem then safety will become the next issue. Limited motors and speeds will be next then we will move to kayaks and paddle boards. I personally would like for the damn completed and the govt. planners and dreamers move on to something the public actually wants. Leave the commercial development to private interprise to determine as the need develops from the lakes actual needs and wants to be met by the local business community. Clear the way by NOT setting rules and regs that are impossible to be met.

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