Columbus to Invest $2 Million in Mixed-Use Project

Artist concept of urban grocer/apartment building in Columbus. (image courtesy: The Republic)

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The Columbus Redevelopment Commission has voted to spend $2 million from its Central TIF district to help fund a new mixed-use development downtown. The Republic reports the funding also needs approval from Columbus City Council.

The commission voted to use funds from Central Allocation Area toward construction of the multifamily urban grocer project being developed by Indianapolis-based Flaherty & Collins.

The publication says the commission is also seeking city council’s approval to issue up to $11 million in bonds to help fund the project. The council approved the first reading of the bond ordinance last week and is expected to vote on final approval next Tueday.

Redevelopment Director Heather Pope said the approximately $2 million cash contribution will go toward reducing bond amounts.

Click here to read the full story from The Republic.