Tax abatement will help bring new life to former Anthem HQ

One of the largest suburban office buildings in central Ohio “is being positioned for redevelopment” thanks to a tax break from the City of Worthington, Columbus Business First reports. Worthington City Council granted a “10-year, 75% community reinvestment area property tax abatement for improvements” to the 207,961-square-foot former Anthem Blue Cross Blue Shield Ohio headquarters building to help “its new owner, Worthington 17 LLC, position the building for new life,” according to the article. Upgrades are expected to cost $4 to $6 million; estimates included in city documents “predict the property could host up to 400 jobs and $16 million in payroll once the renovation is complete.” For more, read the full article.

Economic Development, Financial Incentives, State Updates