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  • Special Port Authority

    Tuesday, September 15     4:00 PM          

    Public hearing regarding the proposed issuance of tax exempt bonds by the Medina County Port Authority (MCPA)  in the maximum aggregate principal amount of $10,000,000 in two or more series to: (1) redeem and repay outstanding bonds issued in 2010 to finance the acquisition and  construction of its fiber optic cable network, located throughout Medina County, with laterals into Cuyahoga and Summit Counties; (2) pay costs of issuing the bonds; and (3) pay the 2020 interest on the Bonds.  The fiber network is owned by the MCPA and is  operated by the MCPA and the Medina County Economic Development Corporation. To see the full notice of the public hearing, go to https://www.medinacountyportauthority.org/wp-content/uploads/2020/09/TEFRA-Public-Hearing-Notice-1.pdf

    To attend, dial in toll-free by telephone at 1-855-762-7360 or attend via internet videoconference at www.uberconference.com/bdentler

Innovation Park

“The  21st  Century  Premier  Business  Location”

Innovation Park is planned as the 21st Century premier business location designed to retain and provide employment for a technologically trained workforce. The park is home to the Medina County University Center (MCUC) in partnership with the University of Akron. MCUC serves the Medina County population and provides valuable workforce training tailored to meet the needs of local and regional employers.

Currently 60.42 acres of land are available for sale. Sites range in size from 3 acres up to 20.84 acres.

The Offering
The SVN International Corporation has been retained by the Medina County Board of Commissioners and the Medina County Port Authority as the exclusive marketing agent for the disposition of the parcels in the park, located in Lafayette Township, Ohio at the northwest corner of Lake and Wedgewood Roads. The entire site has 60.42 acres available; it is zoned as a Planned Unit Development District.

Property Highlights

* Sites range in size from 3 acres up to 20.84 acres.

* Large parcels available to accommodate large employment users or can be divided for smaller clients.

* Zoning allows for research and development, corporate headquarters and technology related companies.

* Adjacent to the University of Akron’s Medina County University Center.

* Great location near the I-71 and I-76/US 224 interchange.
* Medina County is working to create a fiber loop which will connect to the park.

Site Overview

Evidence shows that new technology companies flourish when clustered together with other high technology companies. Innovation Park further plans to attract technology companies that can promote opportunities for the creation of new products and processes resulting in new jobs and fostering economic prosperity.

The total cost to ready the park and build the University Center was approximately $10.6 million. Medina County was awarded a $1 million grant from the Ohio Department of Development under the 2004 Research Park Roadwork Infrastructure Assistance Fund. These funds were used to offset costs associated with construction of public roadways by the Medina County Transportation Improvement District in the park and MCUC. This award was made possible through Ohio’s Third Frontier Initiative which is focused upon creating and expanding high-tech research capabilities and promoting start-up companies thereby creating high-wage jobs. This successful step in the building of the Innovation Park and MCUC is due to the combined efforts and cooperation of the Board of County Commissioners and the Medina County Port Authority with the University of Akron, the University Taskforce and other local and state officials.

Site Location

Innovation Park is located in Lafayette Township, Ohio at the northwest corner  of Lake and Wedgewood Roads. The entire site has 60.42 remaining acres.

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