What: Ordinance 1249-2026 amends Ordinance 0973-2008 by removing eleven parcels owned by 280 High Street, LLC or 44 Chestnut, LLC from the Downtown TIF and creating a new "280 High TIF." The improvements are declared a public purpose and exempt from real property taxation under R.C. 5709.41; owners must make service payments in lieu of taxes, with the applicable portion distributed to the Columbus City Schools; the remainder goes to a new urban redevelopment tax increment equivalent fund. The ordinance authorizes a 280 High TIF Reimbursement Agreement under which most of the appropriated revenues go to the developer to reimburse urban redevelopment obligations; emergency; $0.00 in the title.
Vote (5/11/2026): approved on the consent agenda (8-0, Barroso De Padilla absent), from the Economic Development committee (Bankston, chair).
Where it stands: approved. The minutes give no project description or payment amounts.