Investment Overview
A Remarkable Redevelopment Opportunity In The Discovery District
Investment Highlights
- The property is located in the Downtown Residential Community Reinvestment Area, established in order to promote economic development in the downtown area of Columbus. The ordinance provides that a real estate tax abatement is available for all new residential construction projects within the identified area to include a 15 year – 100% tax abatement on Improvements.
- The property is also located within the One Neighborhood New Community Authority.
- Multi-year parking contracts are available in the garage at Neilston and Long (northeast corner) if overflow parking were sought.
- The Capital Line will provide a new and safe way to walk or bike through Downtown Columbus, along with an easily accessible connection to transit.
- The Capital Line will attract new investment, foster future developments, spur new public art and support first floor retail, enabling economic growth.
- The Capital Line will encourage people to do more Downtown, providing an easy way to move from one hotspot to another, in addition to being an enjoyable destination.