Project That Will “Change the Face” of Marysville’s Uptown Wins $8M in TMUD Tax Credits
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A proposed, multi-use project to convert about 16.6 acres on Marysville’s North Main Street from an “underutilized, vacant brownfield site” into a space that boosts the local economy was awarded “an $8-million tax credit” through the state’s Transformational Mixed-Use Development program, the Marysville Journal-Tribune reports. The Silos at Marysville will redevelop “the city’s former water treatment plant, the Heritage silo site and several other commercial properties” into “several multi-family buildings with about 250 to 300 apartments and a fitness center,” corporate housing, office and hospitality space, public parking, a community arts area, and “a 26,000 square foot mixed-use building with a restaurant, event space, bar-arcade and outdoor gathering areas,” according to the article. Developer Connect Real Estate LLC “will invest about $100 million into the project which is expected to create about 260 permanent jobs” and “change the face of the city’s Uptown.” Ohio Department of Development Director Lydia Mihalik said The Silos will “bring people from outside the community” as well as Marysville residents, “creating economic benefit for other businesses.” For more, read the full article.

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