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Canal Winchester signs IGA to finance Basil Western Road widening and roundabout
Summary
Council approved an intergovernmental agreement to finance widening Basil Western Road and building a roundabout at King's Crossing and Hill Road; the $12 million project will be funded by developer fees, grants, a $4M State Infrastructure Bank loan and county bonds, with the city backing 39% of potential debt-service gaps.
Canal Winchester City Council on Feb. 2 approved an intergovernmental agreement (IGA) authorizing the mayor to enter financing arrangements for regional infrastructure at Basil Western Road, including a roundabout at King's Crossing and widening of Basil Western to three lanes.
Development staff explained the financing plan: developer impact commitments include a $1.50-per-square-foot impact fee; the…
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