COLUMBUS, OHIO
Columbus city officials have announced plans to give the Ohio State University Medical Center an income tax rebate in return for the university’s investment of $10 million into east side neighborhoods over 10 years.
The office of Mayor Michael Coleman said Tuesday that a $1 billion planned expansion at Ohio State University Medical Center will create 6,000 jobs and bring $77 million in income tax over the next 15 years. The medical center has a hospital on the east side.
The university plans to use money saved from the tax rebate to acquire and renovate houses on the east side, offer down-payment assistance and create a $1 million project that involves clergy in promoting healthy lifestyles.
The university plans to conduct a study and get resident input before planning other initiatives.
Source:businessweek.com
