Obetz Mayor Rod Davisson said Aug. 13 that negotiations with Groveport Madison and Hamilton Township local schools regarding the annexation of the 171 acre Stambaugh property are "going well."
"We’re committed to doing well by the schools," said Davisson. "Our overriding theme is – good schools bring good houses and good people."
The Stambaugh property, along with its potential for commercial development and tax revenue, appears to be destined for annexation into Obetz rather than neighboring Groveport.
The Stambaugh farm land is shaped like an upside down "L" and sits between Toy and Rohr roads with a northwest section that extends beyond Alum Creek Drive. The property, which is bordered on three sides by the village of Groveport, is located just to the west of Groveport Commerce Park. It also is near Rickenbacker Airport, which is a major shipping hub. The land is also split into two school districts – Groveport Madison and Hamilton Township.
Both Groveport and Obetz village officials held negotiations with the property owners, The Columbus Regional Airport Authority, in pursuit of the possible annexation with the result being that the owners applied to annex to Obetz.
Davisson said Obetz has presented a draft offer to Groveport Madison regarding the financial aspects of the property.
"Basically it’s an income tax revenue sharing agreement. We’re committed to the method that works well for the school district," said Davisson.
He said a similar deal was offered to Hamilton Township.
He said it is hoped the deal can be wrapped up soon.
"The ball’s in their court," said Davisson of the school districts. "Groveport Madison has been receptive and helpful. Hamilton Township is excited."
Davisson said the Stambaugh property – which will have a 15 year, 100 percent property tax abatement – is important to Obetz.
"There’s not much left for us (Obetz) to annex (around Rickenbacker)," said Davisson. "This (Stambaugh) property is the last significant piece of land with Alum Creek Drive frontage."
He said, for example, that a 600,000 square foot commercial facility could bring in $1.3 million in income taxes per year.
"This site could hold five or six buildings that could be larger than 600,000 square feet," observed Davisson, saying such a development could generate millions of dollars in income tax revenue.
He added that he believes Obetz is "proficient at attracting and retaining responsible development."
"We can move at the speed of business," said Davisson. "It’s tough for a government to be nimble, but we try."