Ohio State University’s newest president says the institution is committing $400 million over five years to lower students’ costs and improve the value of their education.
Coleman unveils plan for Broad and High,
Some people considered it the crossroads of Ohio.
Certainly, the intersection of Broad and High streets in downtown Columbus next to Capitol Square was a focal point for Columbus until the current dilapidation of the northeast corner.
Now it could become a marquee location again if a developer follows through with a $15 million plan announced by Mayor Michael Coleman Thursday night.
Casto Communities wants to convert five long-vacant buildings into 16 stories of stylish condominiums next to street level restaurant and shops and a four-story office building.
To add some glitz to the project, Casto plans to put on the roof of the shorter building a stack of brightly colored, animated advertising messages reminiscent of New York’s Times Square.
Casto Communities President Bill Riat says construction could be under way by the of the year.
Coleman also announced plans to restore the King-Lincoln District along Mount Vernon Avenue and Long Street.
Coleman remembered the the area as a center of culture, commerce, community and church among African Americans.
Coleman called the deterioriation of the King-Lincoln district unaccepatable.
Friday he will tour a partially renovated Lincoln Theatre on East Long street and he says a private development is in the works to bring a 45,000 square foot commercial building to the near east side neighborhood and he announced the Whitney Young Apartments wil be razed and new housing will be built.
Also during the speech Mayor Coleman proposed a 600 million dollar bond issue for capital improvements across the city.
Voters will decide that issue in November.