3/19/15

Space Quoted in Herald-Star Story Titled “Green Strip Development Plans Take Spotlight”

Attorneys & Professionals

Zack Space, a principal with Vorys Advisors, was quoted in a Herald-Star story titled “Green Strip Development Plans Take Spotlight.”  The story highlighted remarks Space made before the Steubenville City Council’s Economic Development Committee regarding Franciscan University of Steubenville’s plans to develop a parcel of land.

The story states:

“‘We think this is a good project for the university and the city. But there are problems with the project. There are $2 million in extraordinary costs for this project because the site is a former landfill, it is a hillside, there are high-voltage power lines crossing the site and a water line beneath Franklin Avenue that will have to be relocated. So we are working to find ways to lower the extraordinary costs and make the project feasible,’ explained Zack Space of Vorys Advisors of Columbus.

‘We are talking to the Governor's Office of Appalachia regarding funding and plan to ask the Jefferson County Port Authority to partner with us and the city to put together a meaningful project.  We also have held very preliminary discussions with the Steubenville school district regarding tax increment financing. At this point we are working on a lot of details,’ continued Space.”

To read the entire story, visit the Herald-Star website. (Subscription may be required).