Central Ohio developer plans $20.9M speculative cold storage facility near Rickenbacker

Crawford Hoying plans to invest $20.9 million to build a speculative cold storage office building near Rickenbacker International Airport, Columbus Business First reports. Columbus City Council had a first reading “on a 10-year, 75% Enterprise Zone tax abatement for the project, which is expected to create 10 new full-time office jobs,” according to the article. The proposed tax incentive legislation says the 165,000-square-foot facility “represents a massive private investment in a crucial piece of regional cold storage chain infrastructure and will compete on a national level against facilities located in other states.” The building will use a state-of-the-art refrigeration system “that will save significant amounts of energy and water compared to existing systems.” For more, read the full article.

Economic Development, Energy Efficiency, Financial Incentives, State Updates