Ashland City Council approves tax incentives for new restaurant Culver's and property sale

The Ashland City Council convened on June 3, 2025, to discuss several key initiatives aimed at enhancing the local economy and community development. Among the most significant topics was the approval of a substantial grant and tax incentive aimed at revitalizing the Pump House District and attracting new businesses to the area.

The council approved an ordinance related to a project in the Pump House District, which is largely funded by an $800,000 grant from the Ohio Rail Development Commission. This funding will cover most of the estimated $988,000 project cost, demonstrating a strong commitment to improving local infrastructure and amenities.

Another highlight of the meeting was the discussion surrounding a new restaurant development by Eagle Dirt Holdings LLC, widely recognized as a Culver's franchise. The proposed restaurant will be located at the corner of US 250 and County Road 1575, near the old Montgomery School property. The project, which is expected to cost approximately $3.7 million, will create 50 part-time and 15 full-time jobs, contributing an estimated $1.2 million in annual payroll to the local economy. The council approved a 10-year, 75% property tax reduction incentive to support this investment, aligning with previous incentives offered to other restaurants in the area.

Council members expressed optimism about the potential impact of this new establishment, noting that it could encourage further investment in the region. The location has been a focal point for development discussions, and the council is actively working with various restaurant chains to attract additional businesses to Ashland.

In addition to these developments, the council addressed the assignment of a community reinvestment area tax incentive agreement for a shopping strip where Chipotle is located. The new owner of the property requested to continue benefiting from the remaining two years of the existing tax incentive, which the council approved, ensuring that the property remains an attractive investment for future businesses.

As the meeting concluded, council members reiterated their commitment to fostering economic growth and enhancing the quality of life for Ashland residents. The decisions made during this session are expected to have lasting benefits for the community, paving the way for new job opportunities and improved local services.