Council Approves Business Relocation Tax Break, Money For Riverside-Bradley Project
Columbus City Council last night approved a 6-year, 65 percent income tax break for a health care I-T company to move from Dublin to Columbus.
Sponsoring council member Elizabeth Brown says InXite Health Systems is getting the break in exchange for creating more than 150 new jobs.
Council also amended an economic development agreement with the Columbus Metropolitan Housing Authority and private developers who are combining two phases of the former Riverside-Bradley public housing complex renovation project into one. Brown says the expansion includes the construction of more housing units, more commercial space, and a larger parking garage at the site on West Rich Street in Franklinton.
The legislation authorizes the city to spend 5 million dollars on the plan. The original plan called for a 20 million dollar, five-story mixed-use development. Riverside-Bradley was closed over five years ago. It was constructed in 1942. Council also approved a measure giving 2 million dollars to Kaufman Development for a 564-space parking garage and mixed-use development on West Broad Street. Columbus Development Director Steve Schoeny says the so-called "Gravity" project is located next to an affordable housing complex.
The project is located on the site of an old warehouse and restaurant. An economic development deal with Kauffman was approved earlier this year.