By Rick Palsgrove
The city of Groveport is prospecting for more commercial development, particularly on land in the southern part of the city.
Groveport City Council is considering legislation to enter into an economic development agreement and community reinvestment area tax incentive agreement with C.A. Ventures regarding two parcels totalling 47 acres on the southeast corner of Hayes and Pontius roads.
According to Groveport City Administrator B.J. King, C.A. Ventures is pursuing the purchase of the land and annexing it into Groveport.
“C.A. Ventures plans to build a 640,000 square foot warehouse on the property,” said King, who added the company is also seeking a community reinvestment area property tax abatement on the property.
Groveport Economic Development Director Jeff Green said the community reinvestment area property tax abatement would be a 100 percent property tax abatement for 15 years. He said the agreement would include an income tax revenue sharing agreement between the city and Groveport Madison Schools where each shares 50 percent of the income tax revenue generated by the site.
“All CRA tax abatements for new construction are 15 years,” said Green.
King said there are several steps that need to be done before this warehouse is built, including combining the two parcels into one parcel, annexing the property into the city, rezoning considerations, and a development plan must be in place.
In related development news regarding the southern portion of the city, Green said city officials spoke to Metro Parks officials about open land the park system has an option on located along Hayes Road east of Little Walnut Creek and Braun Road.
“It’s a significant piece of property,” said King.
Green added, “We met with Metro Parks to see if we could work out an agreement with them where the city of Groveport could get a right-of-way through this property to connect to the Schottenstein property, which is located in the city. They indicated they would be happy to work with us to give us this access.”
Green said the right-of-way would help the city promote more commercial development in that area.
“We are working on developing our historic downtown, but we cannot let up on our industrial projects” said Green. “The market is hot right now and warehouses and industrial parks pay our (the city’s) bills. These projects pump money into the community.”
Green said there is 25 million square feet of commercial/industrial property under roof in the city.
“I know residents have warehouse fatigue,” said Green. “That’s why we are working on developing our downtown. The more things we have to offer here, such as the recreation center and restaurants, the more people will spend their money here.”
Regarding the warehouse/commercial development at the southern edge of the city, Councilman Scott Lockett observed, “Clearly that is the best use for that land.”