ThisWeek CW 08/27/2015
http://www.thisweeknews.com/content/stories/canalwinchester/news/2015/08/24/council-oks-purchase-of-hanners-park-from-brewdog.html
Canal Winchester City Council voted unanimously last week to approve the purchase of Roger Hanners Recreational Fields and Park from BrewDog for $400,000.
Legislation was presented at council’s Aug. 17 meeting to purchase the approximately 10-acre park from BrewDog as part of the deal bringing the Scottish brewer to Canal Winchester.
Development Director Lucas Haire explained that until now, the Roger Hanners Recreational Fields and Park were part of a long-term lease deal with TS Trim, the previous property owner, who sold 51 acres at the corner of Gender and Groveport roads to BrewDog for its U.S. headquarters.
“This would be an opportunity for the city to purchase the park and guarantee it remains a park into the future,” Haire said.
“Currently, the city has been leasing the property and due to the sale of the property from TS Trim to BrewDog, we now have the chance to buy it and protect it in the long-term.”
When asked about the $400,000 price, Haire said BrewDog paid $36,750 per acre for the undeveloped land, which is why he believes the price to the city makes sense given the park is already developed.
“This already built out as we want it with ball fields and park facilities,” he said.
The funds for the purchase were appropriated out of the general fund, but Haire said the money will be paid back over time using tax-increment financing funds in coming years as BrewDog and other area properties are developed.
The TIF derives payments from future taxes on private property improvements; the funds are then specifically earmarked for public infrastructure projects — in this case, the purchase of the park.
BrewDog meeting
Haire said the city will host a town hall-style meeting about BrewDog’s plans from 6 to 8 p.m. Tuesday, Sept. 8, at the Frances Steube Community Center, 22 S. Trine St.
Officials for the city and BrewDog will be on hand to collect community feedback and answer questions.