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Council advances first reading for $50M redevelopment in proposed CRA No. 5
Summary
Council held first readings of ordinances to establish Community Reinvestment Area No. 5 and to authorize a CRA agreement with MWI Properties for a proposed two‑building, $50 million project; the developer would fund all on‑site utility extensions and seek a 10‑year, 75% tax abatement. Second readings are scheduled for Feb. 2.
Grove City Council moved forward on the first reading of an ordinance establishing Community Reinvestment Area (CRA) No. 5 and a companion ordinance authorizing a CRA agreement with MWI Properties. According to the staff presentation, the proposed development consists of two buildings with a combined value of approximately $50,000,000 on land south of I‑270 near Route 104.
Mr. Rausch, who described the…
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