The City of Dublin is “running out of land,” at least land that is “shovel ready,” so the suburb is buying property in order to be ready for new development, The Columbus Dispatch reports. Dublin City Council recently approved “spending $2 million to buy 23.75 acres from Nationwide Insurance at the northwestern corner of Frantz and Rings roads,” in order to “help revitalize the Frantz Road office corridor for future development,” according to the article. The city also plans to spend $5.9 million “to buy 74 acres at 6600 Shier Rings Rd. from Jon P. Riegle, trustee of Robert Rings,” as an expansion of the West Innovation District. Riegle has agreed to donate $1 million “for the development of new cultural arts opportunities.” The Dispatch reports that “[f]or as long as anyone can recall, Dublin has not offered tax abatements to attract prospective businesses, preferring to donate land instead.” Dublin’s development director, Donna Goss, said it speeds up development if the city has land available for projects. Dublin “would rather have the income-tax revenue” from employees brought to the city, as income tax makes up 75 percent of its general fund. For more, read the full article.
Dublin approves one land purchase, plans another to gain “shovel-ready” property for development
