Developing former AEP plant could benefit Fort Frye school district

Jesse Roush, Executive Director of the Southeastern Ohio Port Authority, recently spoke to the Fort Frye Local Schools Board of Education regarding a two-year, 100 percent tax abatement request for the former American Electric Power (AEP) Muskingum River Power Plant, The Marietta Times reports. Roush said the abatement was not meant to attract businesses, but to help get the redevelopment off the ground, estimating it will take about two years “to actually land a project” that “starts to pay their own real estate taxes,” according to the article. Fort Frye Superintendent Stephanie Starcher “said it is important the school district pursue economic development in the region” as it benefits the community and is a “source of tax for the district as well.” For more, read the full article.

Economic Development, Financial Incentives, State Updates