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Pay As We Grow Agreement Finalized for 5141 Cosgray Road Development

  • When: 2024/12/16
  • Address: 5141 Cosgray Road, Columbus, OH 43016
  • City: Columbus
  • State: OH
  • Category: Land Use Planning
  • Asset Class: Land
  • Property Type: Placemaking
  • Size: 264 acres

The Pay As We Grow (PAWG) Agreement with Western Property LLC aligns funding and commitments for the 264-acre Jameson Estates project. It requires per-unit contributions for up to 2,050 units, Tax Increment Financing (TIF) participation, and a Community Development Charge to fund regional infrastructure improvements, replacing the 2006 Hayden Run MOU.

Why it Matters

This agreement facilitates balanced growth in the Northwest corridor and ensures the developer contributes equitably to regional infrastructure, enhancing community connectivity and resources.

Source

Applicant - Western Property LLC


Ownership - Western Property LLC


Allowed Uses: Residential and mixed-use development