On deck plan for old Cooper Stadium
Will this be the plan that works? SPARC Holding LLC. and developer Arshot Investment Corp. call for a mixed-use development “combing commercial and industrial uses with the possibility of residential as well as an entertainment venue.”
The proposal includes a partnership with Green Lawn Cemetery which would house new mausoleums, crips and niches, to the developer property’s southern border, creating a natural noise and visual barrier for Arshot and new final resting places for the cemetery.
Columbus businesses don’t deliver, lose incentives
Columbus apparently does enforce its incentives.
“There is a narrative sometimes that says that we just simply give these (incentives) out and there’s no oversight,” said Columbus City Councilmember Nick Bankston, chair of the council’s Economic Development and Small and Minority Business Committee.
As part of its annual review of companies receiving tax incentives, Columbus City Council voted unanimously Nov. 3 to extend 114 agreements, but rescind three: Advanced Turf Solutions, Inc. & ATS Columbus Investments II LLC; Hirschvogel Inc. and RM Biltrite LLC & Watkins Road LLC and Qrri Inc. each of which had 10-year incentive packages that didn’t deliver on its promises.
Pedestrian friendly Capital Line on track Downtown
Officials have released a 3-phase roadmap of a $100-million, 2-mile pedestrian pathway called The Capital Line with the first steps to begin Downtown by year-end.
The massive transformation will include road closures, with business support grants for storefronts impacted by the construction. It is designed to connect the core of Downtown and will be overseen by private, nonprofit development agency Downtown Columbus Inc. Ameneties include looped walkways, outdoor seating, greenery and performance space. It will span Belle and 4th streets from west to east and Gay and Rich streets from north to south.
Bank merger in Licking County
Newark-based Park National Corp. is expected to acquire First Citizens Bancshares in Tennessee in a more than $300 million deal that would merge the company’s subsidiaries, the companies announced.
Park National Corp. said that after it merges with First Citizens Bancshares, the latter’s subsidiary, First Citizens National Bank, would merge with Park National Bank, which has some locations in Columbus and several in Newark.
This article originally appeared on The Columbus Dispatch: Plans for Cooper Stadium include housing and entertainment; Capital Line work to begin
Reporting by Columbus Dispatch / The Columbus Dispatch
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