Valley Medical Center is a multi-specialty physician group consisting of 23 Clinics and 135 employed providers 550 affiliated providers 2800 employees District Municipalities COvington (part of the district since 1966) 400,000 people Who We Are (cont.), / 56 Room ED, / Certified Stroke Center, / 30 Bed Intensive / Cardiac care Service, / Comprehensive Cancer Center.
Valley Medical Center is a multi-specialty physician group consisting of 23 Clinics and 135 employed providers 550 affiliated providers 2800 employees District Municipalities COvington (part of the district since 1966) 400,000 people Who We Are (cont.), / 56 Room ED, / Certified Stroke Center, / 30 Bed Intensive / Cardiac care Service, / Comprehensive Cancer Center.
Valley Medical Center is a multi-specialty physician group consisting of 23 Clinics and 135 employed providers 550 affiliated providers 2800 employees District Municipalities COvington (part of the district since 1966) 400,000 people Who We Are (cont.), / 56 Room ED, / Certified Stroke Center, / 30 Bed Intensive / Cardiac care Service, / Comprehensive Cancer Center.
• Public parking, plaza, green space and gathering places
Our Campus - Phase I Gateway to the Town Center
Our Campus - Phase I FS ED Floor Plan
Our Campus - Phase II
Catalyst for professional, retail & restaurant development
VMC Medical, Professional and Retail Mall
• Physician Office Space
• Optometry Retail Space
• Pharmacy
• Medi Spa
• Legal & Professional Services
• Financial Services
• Retail
• Bistro
• Coffee Shop
Additional Views
Economic Development
The Development ofVMC's FS ED and Profession Plaza will be an immediate "shot in the arm" for Covington's local economy and generate 1 00 - 135 family wage jobs.
I VMC FS ED and Professional Plaza I
Construction cost:
• New construction jobs
• Utilize mostly local sub contractors
• Huge boost to local construction related businesses
• Generate local sales tax
$ 21,450,000
This project will be ready to launch October 2010, or "as soon as humanly possible."
[ ~\Iilley Medical Center I
Economic Development (cont.)
Employment YMC FS ED
65 Full time employees at an average wage of $10,155
Professional Services Plaza
'35 Full time employees at an average wage of $48,500
Total
Annual Payroll
$4,560,000
$1.697,500
$6.257.500
• 100 new, family wage jobs and $6,257,500 annual payroll will be created by Phase I of YMC project .
• The jobs will help support existing Town Center business and
stimulate additional economic development.
'*E.oitimatc
Phase II
VMC Medical, Professional and Retail Center
Construction Costs:
• New Construction jobs
• Utilize mostly local sub contractors
• Huge boost to local construction trades and related businesses
'$21,500,000
Employment
VMC model, Professional & Retail Center 50 Full time employees at an
average wage of $35,000
'$1,750,000
Economic Development (cont.)
I Phase I I
FS ED & Professional Services Plaza
I Phase II I
Medical, Professional & Retail Center Existing
Covington & Lake Sawyer Clinics VMCTotal
Additional Healthcare Employers; Valley Orthopedic Associates Southlake Clinic
.... Eo.timatc
Jobs 100
Annual Payroll $4,560,000
*50 $1,750,000
45 1,575,000
195 $7,885,000
93 • $2,325,000
200 • $5,000,000 VMC Project Compatibility with Town Center
VMC Project Compatibility with Town Center
• Far West corner ofT own Center
• Serve as Town Center gateway
• 70% public plaza/green space/parking, 30% bUilding footprints
• Multiple meetings with City Staff to assure compliance with design standards and vision for Town Center
• Addresses issues identified in the Downtown Plan and Zoning study (April 2009)
• Assists local residents to not have "to commute out of the area for high wage jobs"
• Creates "High wage employment growth"
• Attracts "pioneering employment & mixed use development"
• Multiple use (Healthcare, Professional, Retail & Restaurant)
• Elegant transition from surrounding big box bUildings and parking
lots to professional, retail and restaurants. ~\hll;:Y~~
VMC Project Compatibility with Town Center
• Emergency Medical Transport
• 3-4 visits per day
• Zero sirens
• Travel at speed limit
• Landscaping and public use space mitigation
• Voluntary replacement of north/ south connector road