Remediation of the former 35-acre Ford Transmission Plant, located in the Village of Fairfax, was approved by the Ohio EPA in September 2006. This enabled the site owner and developer, Regency Centers, to move forward with its redevelopment plans. Construction began in 2007.  The $60 million, mixed-use development is called Red Bank Village and is anchored by a 151,908-square-foot Wal-Mart that opened in October 2009, with an additional 12,600 square feet of retail, and over 75,000 square feet of office space. The office component is being developed by Miller-Valentine Group.  Additional development planned for the site includes another 38,500 square feet of office space, 11,900 square feet of retail, and three out lots.  Tax revenue from the site is expected to increase from $35,000 to $2.6 million annually.  The successful cleanup of the former Ford Transmission Plant was essential to the economic health of the Village of Fairfax as the site represents seven percent of the Village’s total land area.