Complex money deals spawned Liberty Center
The following is an excerpt of an article published by C!ncInnat!.com, in which Kip Wahlers was quoted. For more information, contact Kip Wahlers.
Liberty Center supporters call the $350 million project "game changing" for what it provides shoppers and visitors.
But it is the first project of its type in Ohio on a different front - how improvements to the roads, sewers and parking garages have been funded.
“It’s rather novel,” said Kip Wahlers, a lawyer at Ice Miller in Columbus, describing what's happening at Liberty Center. “This came about as people who cared about development in Ohio started looking at the tools we had to do economic development.”
The finding: Wahlers said the state's property tax-centered approach for economic development needed to be expanded to support retail-oriented projects. He said there was a realization Ohio needed to catch up with innovative tools available in other places such as Washington, D.C. and West Virginia.
Read the full article here.