In a groundbreaking announcement, Ohio’s economic landscape has received a monumental boost.
Governor Mike DeWine, alongside Department of Development Director Lydia Mihalik, have unveiled an ambitious $2.6 billion investment plan. This investment, funneled through the Transformational Mixed-Use Development Program, is set to revolutionize mixed-use development projects across the state. The Ohio Department of Development, spearheading this initiative, has outlined several key projects that epitomize this transformative journey.
Spotlight on Delaware County: Salvation Army Site Redevelopment
Among the highlighted projects, the Salvation Army Site Redevelopment in Delaware County stands out with its impressive scale and vision. The project, with a total development cost of $89,157,578, has been awarded a tax credit of $4,850,000. This initiative is not just about buildings; it’s a renaissance of the former Salvation Army Greenwood Lake Camp.
Revitalizing Community Spaces
The project’s blueprint is a testament to innovation and community focus. Spanning over 650,000 square feet, the development will feature residential units alongside approximately 4,500 square feet of office space. But it’s not just living and working spaces that are being transformed. The plan includes an expansive 1,097,712 square feet dedicated to active recreational areas. This will encompass an amphitheater and walking paths, all open to the public, rejuvenating the site of the now-drained former lake and abandoned campground.
Economic Impact and Job Creation
The economic ripple effects of this project are substantial. It’s projected to generate around 324 construction jobs, alongside the creation of approximately 13 permanent jobs at the site post-completion. This development is more than just structures; it’s a catalyst for employment and economic growth in Delaware County.
Seeking Further Information
For inquiries related to the Transformational Mixed-Use Development Program, contact Mason Waldvogel, Deputy Chief of Media Relations, via email at firstname.lastname@example.org. For specific questions about individual grants, the respective funded entities are the go-to sources.
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