Easton’s $68 million tax break will benefit Linden neighborhood
A tax break for new development in one part of Columbus will help revitalize another area of the city, The Columbus Dispatch reports. The city will give “a 10-year, 100 percent property-tax abatement worth about $68 million” to Easton developer The Georgetown Co., and in return, the developer will “pay the city about $5.75 million” that will “be used to build up the city’s struggling Linden neighborhood,” according to the article. Georgetown must also “create 250 permanent, full-time jobs outside the retail sector at Easton by the end of 2021” and “a total of 500 jobs by the end of 2028” as part of the deal. For more, read the full article.
