This organization closed in 2020. It filed a final 990 indicating termination and no longer appears as active in IRS records, as it is absent from the EO Business Master File and Pub78 List.
Downtown Mount Vernon Revitalization
THE MOUNT VERNON DEVELOPMENT COMPANY HAS BEEN ACTIVE IN THE ACQUISITION OF PROPERTIES IN DOWNTOWN MOUNT VERNON THAT WERE IN A STATE OF DISREPAIR. UPGRADES TO THOSE PROPERTIES ARE PRESENTLY UNDERWAY. IN ADDITION, THE MOUNT VERNON DEVELOPMENT COMPANY HAS ACQUIRED TWO DILAPIDATED PROPERTIES AND ARE IN THE PROCESS OF CONSTRUCTING A LARGE PARKING AREA ADJACENT TO DOWNTOWN ON THOSE PROPERTIES. HAVING PARKING AVAILABLE WAS CRITICAL TO THE KNOX COMMUNITY HOSPITAL TO RENOVATE AN OLDER BUILDING IN DOWNTOWN MOUNT VERNON. IN JUNE OF 2017 THE HOSPITAL RELOCATED 90 JOBS TO THIS DOWNTOWN LOCATION. THE PARKING LOT WILL ALSO BE USED BY KENYON COLLEGE WITH A BUILDING THEY RECENTLY IMPROVED (A $6.3 MILLION DOLLAR PROJECT). HAVING EMPLOYEES AND STUDENTS LOCATED IN DOWNTOWN MOUNT VERNON BRINGS CONSUMERS TO A FORMERLY INACTIVE DOWNTOWN. THE WORK AND INVESTMENTS OF THE MOUNT VERNON DEVELOPMENT COMPANY ARE RESULTING IN A SIGNIFICANT ECONOMIC IMPACT TO THE CITY OF MOUNT VERNON AND ITS REGROWTH.
