Dive Brief:
- Rumpke Waste & Recycling now has a new partner in its plans for a $20 million office project in Colerain Township, OH. The Port of Greater Cincinnati Development Authority recently approved a capital lease agreement that will help cover much of the construction costs, as reported by WCPO.
- Announced earlier this year, Rumpke's plans include a three-story office building and up to eight light industrial structures on a 53-acre site. The site was designed by McGill Smith Punshon, Inc. and the contracted builder is Miller-Valentine.
- Though it's uncommon for the Port Authority to sign this type of lease with a private business over a developer, Rumpke is the largest employer in the township and one of the largest in the Cincinnati area. Pending zoning approvals and other construction factors, Rumpke hopes to move into the new office by early 2019.
Dive Insight:
According to Rumpke, many of its employees currently work in separate buildings so this project will make operations more efficient while also creating room for further growth. The project will also ensure that Rumpke can keep more than 200 jobs in Colerain Township where it has been based since 1945. Rumpke projects that this project will bring more light industrial development to the area and help alleviate existing traffic congestion.
The plan is another sign of continuous growth for one of the largest privately owned companies in the industry, which covers Ohio, Kentucky, Indiana and West Virginia. This also follows the completion of a $1 million renovation at Rumpke's mixed glass recycling facility in Dayton last year, the January announcement of a new recycling facility at a landfill operated by the company in Medora, IN and plans for a $10 million maintenance facility in Colerain Township.
Earlier this spring, Rumpke was awarded a new 5-year $45 million collection contract with Columbus, along with contracts in the city of Nelsonville and village of Middlefield. Founded in 1932, Rumpke remains a family business and serves as an example for other companies in the industry that have resisted the consolidation trend by selling to larger multinational public companies.
