The Columbus Dispatch: Senior Housing Planned For Remada Inn in Whitehall

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Today, it’s an airport-area hotel, a place where $100 will get you a king-size bed and a continental breakfast. But soon, the Ramada Inn near the corner of E. Broad Street and S. Hamilton Road in Whitehall could become something much different.

Last week, the city announced that it was working with Wallick Communities to transform the hotel to an assisted-living facility for seniors. A massive redevelopment would fashion the old hotel property into 131 private suites designed around a cafe and lounge.

Tonight, the Whitehall City Council will take its first look at the city’s piece of the deal: a proposed 10-year, 40 percent property-tax abatement on the estimated $8.4 million project. For Whitehall, swapping a hotel for a senior community development feeds into a larger goal of improving conditions along one of the city’s key roads.

Read the full story in The Dispatch here.

 

Forbes: The Cities That Are Benefiting The Most From The Economic Recovery

It is painfully clear that the current U.S. economic recovery has been a meager one, with the benefits highly concentrated among the wealthiest. The notion that “a rising tide” lifts all boats has been sunk, along with the good ship middle class.

Geographically as well, the recovery has been concentrated in a relative handful of regions. Nationwide, real per capita GDP rose a meager 3.8% from 2010 through 2013, according to new Bureau of Economic Analysis numbers. An analysis of the data by urban expertAaron Renn shows that a handful of metropolitan areas have enjoyed much faster growth. For the most part, these are areas that have cashed in on the current technology or energy booms, and in some cases, both. Also, surprisingly, there have been some very good gains in some of the nation’s long-distressed industrial heartland metro areas, as the combination of energy development and a resurgent automobile industry have boosted regional GDP.

Click here to see where Columbus falls on Forbes’ list.

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The Columbus Dispatch: Columbus economy may soon overtake Cleveland, Cincinnati

The Columbus area economy is gaining on Cleveland and Cincinnati and may be poised to pass them in coming years.

Columbus’ economy grew by 3.3 percent in 2013 compared with 2.1 percent in Cincinnati and 0.5 percent in Cleveland, according to a U.S. Bureau of Economic Analysis report released yesterday. Central Ohio has outperformed Cincinnati and Cleveland every year since economic growth resumed in 2010 after the recession.

The central Ohio economy last year stood at $114 billion, the 30th largest in the country, the report showed. Cleveland still had the largest economy in the state and was No. 26 overall at $123 billion, and Cincinnati has the 28th largest economy at $119 billion. Read the rest of the story here.

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