Thanks to a massive new development and a public-private partnership, plans are moving forward to extend Home Road in Orange Township.
According to a Delaware County news release March 19, county officials have approved a Schottenstein Real Estate Group multiuse development project called the Kerbler Project on nearly 300 acres of land north of Graphics Way off U.S. Route 23.
The project will include 300 units of multifamily housing as well as single-family homes, a senior-care facility and retail and office space.
The approval came with an agreement among the Delaware County Finance Authority, Orange Township and the Olentangy Local School District for a tax-increment financing district with the developers that will help build the Home Road extension.
The extension is planned to go across Route 23 and curve to the south, where it will meet Graphics Way and Green Meadows Drive to its south.
According to the release, the 20-year TIF will generate more than $36 million to support the extension, which the county sees as a major win for the area's infrastructure.
"The Home Road Extension is a critical piece of infrastructure that has been talked about for almost 20 years," Orange Township Trustee Ryan Rivers said in the release. "This will open a new corridor for transportation and commercial development."
Delaware County economic-development director Bob Lamb said the site previously was viewed as "a potential site for only single-family homes" but grew into a better-rounded project.
"This is really important to the community for a variety of reasons," he said. "One, it helps to finance the completion of (Home Road), the east-west connector at the midpoint in the community. Two, it helps to diversify the housing stock available in the community. And three, it provides approximately 250 acres for additional commercial real estate in the county."
Lamb said 75 percent of the TIF revenue would be allocated to infrastructure.
He said Olentangy Schools, supporters of the TIF, will see an 'immediate increase" in funding, while "a portion" of that additional funding will go toward the TIF funding for the 20-year period.