Dublin City Council on Monday, April 8, could determine whether to award tax incentives to Ohio State University for construction of an outpatient medical center in Dublin.
The Ohio State University Wexner Medical Center has proposed the development on 34 acres owned by Dublin near state Route 161, U.S. Route 33 and Shier Rings Road.
The proposed incentive is a 15 percent performance incentive for 10 years (2023-2032) on net new city income-tax withholdings, capped at $1.1 million in total once that threshold is reached within the defined term, regardless of calendar year, according to a staff memo.
Council members March 11 held the first reading of an ordinance that, if approved, would award tax incentives to the medical center for the construction of the outpatient facility.
That land is a section of a 79-acre swath Dublin owns.
The project is expected to bring substantial economic and social benefits to Dublin, including the creation of about 350 new employment opportunities with a projected payroll exceeding $50 million annually within the first 10 years of operation of the project and the retention of nearly 60 existing full-time equivalent jobs and nearly $6 million in annual payroll, according to the memo.
Under the agreement between the city and Ohio State, the university would be required to pay 32.5 percent toward related infrastructure improvements, including the realignment of Shier Rings Road, the relocation of a ditch and improvements in water, sewer and Dublink fiber-optic service.
Additionally, Ohio State would contribute $1.25 million to the construction of a roundabout at the intersection of Avery and Shier Rings roads, according to the memo.