Kingsdale Shopping Center project will benefit Upper Arlington, Schoeny says

A redevelopment of the former Macy’s building in Upper Arlington’s Kingsdale Shopping Center “would bring a windfall to the city,” and city manager Steve Schoeny “has sought to keep the momentum going” on the project, Columbus Business First reports. Continental Real Estate plans a mixed-use development “including apartments, senior living, offices, restaurants” and space that could possibly be used as a community center, according to the article. Upper Arlington derives 57% of its budget from income and property taxes, with office space generating higher taxes, but only about 1% of land in the city is zoned for office use. Schoeny, who also lives in Upper Arlington, said outside schools and roads, the project is “our most complex community asset investment, maybe ever.” For more, read the full article.

Economic Development, State Updates