As part of a series of city incentives for a medical complex development by Trivium LLC at 350 W. Wilson Bridge Road, Worthington City Council unanimously approved a tax-increment financing agreement for the property.

As part of a series of city incentives for a medical complex development by Trivium LLC at 350 W. Wilson Bridge Road, Worthington City Council unanimously approved a tax-increment financing agreement for the property.

Under the TIF agreement, 75 percent of property taxes on the improved value of the property will be redirected into a fund for a period of 10 years.

The TIF fund will reimburse Trivium for costs associated with parts of the project that are accessible to the public and making the facility Americans with Disabilities Act accessible.

The fund is projected to provide an average of about $110,000 per year during the term of the TIF agreement once the proposed development is complete.

The city used a state Urban Redevelopment TIF for the property, which required the city to have had ownership of the property at one time. To complete this, the city temporarily purchased and then re-sold the site to Trivium, technically making itself a former owner.

Trivium President Tim Spencer said he will invest nearly $8 million in the dilapidated property, and has already announced Central Ohio Urology Group will be its first tenant.

Construction on the site is expected to start this fall, with plans to finish by the end of 2016.