Last year, real-estate developer and art collector Ron Pizzuti opened the doors to the Pizzuti Collection in the Short North, a venue at which to showcase his vast art collection. After purchasing his first piece of art in 1972, he has since amassed more than 1,500 works by artists ranging from Frank Stella to Ai [...]
OSU To Pay Church $12.8 Million
Ohio State University says it’s paying $12.8 million to a church adjacent to its campus in exchange for the congregation agreeing not to develop student housing on the property.
OSU will pay St. Stephen’s Episcopal Church $7.5 million now and make annual payments of about $213,000 for 25 years.
The church, which abuts the Columbus campus, had been working with a developer on an apartment building that would have accommodated about 280 students.
University officials expressed concern with the project about a year ago and began negotiating a deal. They said it didn’t fit with zoning laws and would be “a potential functional and aesthetic detriment to an important gateway into the surrounding campus area.”
The church has been there since 1928.