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Messenger photo by Rick Palsgrove
Workers are shown here on a steamy August day tackling the job of getting the foundation ready for the new Rarey’s Port building at 674 Main St. The Rarey’s Port and Wert’s Grove buildings are known as The 1847 Main Project and the city of Groveport is the developer for both sites. The 14,145 square foot Rarey’s Port building is expected to be completed by late March 2022. Construction of the 12,184 square foot Wert’s Grove building, 480 Main St., is expected to be completed by April 2022. The two new buildings will be two-story brick, mixed-use commercial buildings. The cost to construct the two buildings is approximately $7.6 million. It is funded by a combination of non-tax revenue bonds and tax revenue bonds. According to Groveport Finance Director Jason Carr, non-tax revenue bonds equal taxable bonds and tax revenue bonds equal tax-exempt bonds. He said the project will be funded by general obligation bonds, which are bonds from the bond market and are not property tax bond issues that would be voted on by the residents.

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