Council Creates TIF For White Castle Project, Approves Buying South Side Quarry
Columbus City Council last night approved legislationcreating a tax-increment financing district to fund infrastructure improvements around a planned Goodale Street mixed-use development by White Castle.
Last year, Council gave the city's development director the authority to negotiate the TIF's creation for White Castle to create 300 housing units and other development. Sponsoring council member Jaiza Page:
The city says the profitable company needs a public subsidy to make the project a reality. Council also approved a measure allowing the city to purchase a 374-acre quarry on Lockbourne Road for 3.6 million dollars to dispose of sludge created as a byproduct of water treatment at its Parsons Avenue plant. The city says it is running out of space at its McKinley Quarry.