The City of Green is soliciting input for the creation of a new economic development district that encompasses approximately 180 of vacant land contiguous to the Akron Canton Corporate Park.
The purpose of this initiative is to create long term financing for infrastructure and related development improvements that would include the extension of Southwood Drive from S. Arlington Rd (West) to Tabs Drive (East).
The proposal seeks to utilize these property improvements to the existing tax base by redirecting real property taxes (PILOTS) to the City of Green for distribution. This is not new taxation, but it alleviates the burden of financing Public Infrastructure Improvements solely through Income Taxes by allowing the City to better allocate those dollars to leverage and payoff these costs. More importantly, it provides a sustainable and efficient way to finance future development opportunities without placing the burden on existing property owners. For more information, visit www.cityofgreen.org.
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1525 Corporate Woods Parkway
Uniontown, Ohio 44685
P.O. Box 3515
Akron, Ohio 44309