CROWN POINT — During the State of the City address Wednesday, Crown Point Mayor David Uran highlighted some of last year’s economic development and business success stories – many of which have paved the way for more “exciting times” in the future for the city.
As the city grew in population, so did its numbers in residential housing and commercial development.
It was a “record year” for Crown Point’s Building Department as 886 permits were granted. Sixty-eight multi-family and 188 single-family homes approved for development. The 256 units for the multi-family homes had assessed valued of $75 million.
The average cost of a new a “quality home” in Crown Point is $336,000, which Uran said is a 17 percent increase compared to last year.
Referencing businesses ranging from the Southlake Family YMCA expansion to the newly remodeled McDonalds, Uran said the city also saw $85 million in new commercial growth.
“Collectively, between housing and our commercial corridor, over $160 million of new investment came to the city of Crown Point in 2018. There was a 52 percent increase in (assessed value) and that’s very, very important,” Uran said. “As we start looking at the tax rates, tax gaps and different things like that – businesses create jobs. Businesses create opportunities out there for us to take additional tax dollars and reinvest in things for the quality of life for our homeowners.”
Additionally, the 95-acre Crown Point Sportsplex and Bulldog Park sports facilities led as the “economic drivers for the hotels, restaurants and shops in the Region,” Uran said.
The Sportsplex attracted more than 900 teams who played in 2,000 games throughout the season.
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“We can go out and frequent our restaurants and shops and no one would know if we are out of town,” Uran said. “But, when those athletes walk in with their name across their chest with where they are from — from Kentucky, Michigan, Wisconsin or even Regional teams — (business owners) immediately see the impact of our Sports Complex.”
Bulldog Park’s ice rink, which opened in mid-December and closed March 10, attracted 17,000 skaters and brought in $44,000. The grand opening for the pavilion is May 31.
Uran said the $10 million facility is expected to bring in $1.25 million in sponsorships over the next 5-10 year period.
Other projects and upcoming dates highlighted during the address included:
- Grand opening of the Southlake Family YMCA April 15
- Widening of 109th Avenue east of Broadway alongside the development of Beacon Hill
- Phase 2 of the Pedestrian Safety and Accessibility around the downtown square
The mayor also said he was proud to report that based on the assessed evaluation and growing factor of the community, Crown Point only collects 74 cents on every $100 of every assessed evaluation. The average city in Northwest Indiana — in Lake, Porter and LaPorte counties — has an average of $1.72, he said.
“We are two-and-a-half times less than any other community in Northwest Indiana and we are doing all the things we are doing with that rate,” Uran said, adding that the city is making its final payment on the one remaining general obligation bond. “We’ve paid off our debt, folks."