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Subsidy Tracker Individual Entry

Company: The Georgetown Co.
Parent Company: 
Subsidy Source: local
Location: Ohio
City: Columbus
Project Description: residential development
Year: 2017
Subsidy Value: $72,250,000
Program Name: multiple
Awarding Agency: Columbus?City Council
Type of Subsidy: 
Number of Jobs or Training Slots: 500
Source of Data: The data for this megadeal come from: Rick Rouan, "Easton tax break worth $68 million will also help Linden," The Columbus Dispatch, January 31, 2017, online at (click here) Bill Bush "Columbus schools left out of Easton tax-break deal," The Columbus Dispatch, February 14, 2017, online at (click here) Rick Rouan, "Columbus City Council; Pricey recycling, yard-waste deal OK'd," The Columbus Dispatch, March 14, 2017 (via LexisNexis).
Notes: The City Hall granted the developer a 10-year, 100 percent tax abatement for a high-end residential development. The abatement was estimated at $68 million. In return, the company agreed to "gift" the city $5.75 million to redevelop the Linden neighborhood, but $4.25 million of that amount will be return to the company via a TIF district. Overlaps with main Subsidy Tracker data: none.
Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.