New Albany-Plain Local officials said they were happy to learn last week a proposed zoning change could earn property-tax revenue for the school district and not add any students to its enrollment.

New Albany-Plain Local officials said they were happy to learn last week a proposed zoning change could earn property-tax revenue for the school district and not add any students to its enrollment.

The New Albany Co., which owns 310 acres at the southeast corner of Dublin-Granville and Babbitt roads, petitioned New Albany to change the property's zoning from agricultural to limited office-campus district.

Tom Rubey, the New Albany Co.'s development director, said the company has dismantled the Winding Hollow Golf and Event Center at the site.

The land is in two school districts: 185 acres are in New Albany-Plain Local and 125 acres are in Licking Heights.

Aaron Underhill, an attorney for the New Albany Co., said the site could be developed with 9,000 square feet of office space per acre at an estimated cost of $120 per square foot.

Given those estimates, the property, when fully developed, would generate $4.2 million in property taxes for New Albany-Plain Local and $3.2 million for Licking Heights, Underhill said.

"The rezoning could attract businesses to generate additional local revenue for the entire community, schools and businesses alike," Michael Sawyers, the district's chief of operations and strategic development, said in an email last week.

Underhill said the New Albany Co. is required by the city to complete a school-impact study.

He said with the agricultural zoning, the company could have built one residence per five acres or 37 residences in the New Albany-Plain Local boundaries.

Rubey said the company purchased the former Winding Hollow Golf and Event Center in 2007 to maintain control of the site and prevent any negative impacts on the school district.

Since that time, the company asked New Albany to annex the property; the annexation was completed earlier this year.

Rubey said the school-funding task force, convened earlier this year by the New Albany Community Foundation, also recommended developing the property as an office campus.

"The New Albany Co., city and school district collaborate regarding the master plan for future development to understand the impact any such development may have on our school campus," Sawyers said in the email. "We respect and agree with the rezoning request to guarantee that the land does not get utilized for residential development."