The Warren County Port Authority voted to subsidize development of a 242-unit apartment building to launch a mixed-use community in southern Warren County.
In a teleconference meeting Monday, the board approved a resolution agreeing to enable developers of the building as much as $750,000 in sales tax savings on the $28 million, 242-unit apartment building - the first of 12 proposed at the District at Deerfield.
The vote, conditional on obtaining a letter of support and development agreement demonstrating Deerfield Twp.’s support for the deal, was cast in the absence of board member Dave Bolton, who questioned the deal last week.
“I don’t see how that’s economic development,” Bolton said during a meeting last Monday. “I don’t understand why this money is being spent by the public.”
With two members absent, the board approved 5-0 a resolution to enter into leases with the developer, Silverman and Co. The leases and other agreements needed to seal the deal were not approved on Monday.
The 28-acre District at Deerfield would join a handful of walkable, planned communities in the area, including The Greene, Austin Landing, Liberty Center and the proposed Austin South Springboro.
West of the Fields-Ertel-Mason-Montgomery Interstate 71 interchange, the District at Deerfield is to include $140 million in development, including a two-acre public square and an entertainment district, brewpubs, retail and restaurants.
Tiffiany Zindel, county administrator and board member, said she motioned to conditionally approve the resolution so that the developers could continue forward with work at the site.