|Cold Spring Mayor D. Angelo Penque said losing the DAV Headquarters is sad news, but it does free up potential for more city income and a fresh start on the approximately 30-acre property.|
by Robin Gee, city council beat editor
The decision by the Disabled American Veterans (DAV) to move its headquarters from its longtime property in Cold Spring to Erlanger was bittersweet news for the city of Cold Spring, according to Mayor D. Angelo Penque.
As a Vietnam veteran who has made presentations there and has been involved with organization personally, it is sad to see them go, he said.
"I believe it’s a sword that cuts with both edges," he said. "On the one hand, they will be missed. They have been great friends to this city. Yet, for the city, it’s a plus plus situation."
Opportunities for more revenue
The move offers opportunities for the city. Instead of having a nonprofit that has had to lay off people in recent years, the site could host a fairly large, for-profit operation, he explained.
He said the city will lose the payroll taxes, but that had been dwindling anyway with the layoffs. With the potential for a for-profit entity coming in, the city stands to gain property taxes on the approximate 30-acre parcel as well as payroll.
Penque noted that he has been aware for many years of some of the problems with the building housing the DAV. It is old and in disrepair, and single story, taking up much more space than is necessary. In fact, he said, the first thing anyone will have to do with the property is tear down the old building.
He said he knew the DAV wanted a new building and wanted to be more visible. He agreed with the DAV that being located along the I-75/275 exchange would bring them some of that visibility.
Putting to bed rumors and looking ahead
The DAV owns the property at 3725 Alexandria Pike outright, but the city will have a say when it comes to zoning and other issues. Penque said he knows that the organization has been talking to a number of people who have expressed interest in the property, but he has no information on that yet.
He did, however, want to lay to rest a few rumors that have been circulating. No, he said, Amazon has not expressed any interest, and neither will the property be used for a school building. Both of these things are simply not true, he said.
Overall, he said, something sizeable could come along for the property bringing with it jobs and more tax revenue for Cold Spring.
"I will miss having them here. They area great outfit," he added.
RELATED: National DAV Headquarters moving from Cold Spring to Erlanger