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Sandusky approves two economic development loans; one vote includes abstention amid public concerns
Summary
The commission approved a $150,000 substantial development loan to Korotkin Hospitality Group LLC and a $58,867 loan to RDMJD LLC under the city’s Economic Development Assistance Program; the Korotkin vote included one abstention and drew public questions about projected visitor numbers and return on investment.
The Sandusky City Commission on May 20 passed two ordinances authorizing development loans through the city’s Economic Development Assistance Program: a $150,000 loan to Korotkin Hospitality Group LLC for property at 207 West Washington Row, and a $58,867 loan to RDMJD LLC for property at 2101 West Perkins Ave.
Director Gilson explained the city’s guidelines require one job created for every $25,000 loaned; “that is what we hold them accountable for,” she said, describing why the Korotkin loan carries a requirement for six full‑time equivalent positions.…
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