New Albany Ohio Community - Deal Struck Between Village and Licking Heights School Board on Business Park Development - Central Ohio Real Estate Blog
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New Albany Ohio Community – Deal Struck Between Village and Licking Heights School Board on Business Park Development

A deal has finally been struck between New Albany Village council and Licking Heights School Board on the development of 567 acres of the village business park. Licking Heights School Board were consulted as a portion of the development site lays within Licking County under the School Board’s jurisdiction.

Under the agreement, the school district could receive more than $7-million annually from the deal after developments are in place.

About 800 acres of New Albany are in Licking County. The New Albany Co. owns most of the land.  The village plans to put more than $16-million into infrastructure to make the land more competitive. It already has put in about $24-million worth of infrastructure for the entire business park.

Plans are definitely pushing forward but as always taking much time and negotiation. For instance, the land, which currently is zoned for agricultural purposes, must be rezoned for commercial use.

It is expected that the development will be good for all concerned. Licking Heights will increase its tax revenue and the increase in development will create more jobs and demand in an already booming area.

If you are looking to purchase a property in New Albany, Gahanna, Blacklick, Westerville, or another Central Ohio community, please contact The Raines Group. We offer professional real estate advice and are happy to help you achieve your real estate goals. Please contact us today via our online contact form or by calling The Raines Group at 614-418-7417.

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