After what may seem like many weeks of no news on the Kingsdale redevelopment, this milestone project for our community has returned to center stage. Monday, April 20 marked the beginning of City Council's review of a proposed development agreement between the city and Continental Real Estate Companies.

After what may seem like many weeks of no news on the Kingsdale redevelopment, this milestone project for our community has returned to center stage. Monday, April 20 marked the beginning of City Council's review of a proposed development agreement between the city and Continental Real Estate Companies.


Part of Continental's proposal to the city includes a level of city participation relative to an office component and public infrastructure improvements to support the redevelopment. Over the course of many weeks, detailed and good faith discussions, numbers crunching and negotiations have been taking place between city staff and Continental representatives.


The ultimate goal has been to reach agreement on a proposal that will give Continental the public investment it needs to be successful, while ensuring the city's involvement can be fully funded through the use of economic development tools such as Tax Increment Financing. All agreed it was important to get the details right in order to present city council with a complete and accurate depiction of how the proposed development agreement would work and what would be required of the involved parties.


The remaining meeting dates are as follows:
Monday, April 27 the second reading and public hearing will be held as part of the regular city council meeting, which begins at 7:30 p.m. Monday, May 4 a special city council meeting will be scheduled relative to the third reading, public hearing and council action. A time is yet to be set.
All meetings are taking place at the Municipal Services Center, 3600 Tremont Road. Check www.ua-ohio.net for meeting confirmation if you are planning to attend any of these public hearings, and to obtain additional information about this project.


Not surprisingly, members of city council have been eagerly awaiting this important step in the process. They all share and are keenly sensitive to the prevailing resident sentiment that finding a solution for Kingsdale is long overdue. Knowing how important this issue is to all of us, council members have been involved in many discussions over the years, as we have all worked toward a successful resolution.


Pending city council's action on the proposed development agreement, we are but a few weeks away from watching the beginning of an exciting, long-awaited and much deserved transformation within the heart of our city.