The complex deal to use casino-tax money to buy Nationwide Arena has hit a snag: there’s not enough money to make loan payments. Officials expected to pay off the loans with taxes from the new Columbus casino. But casino tax revenues are below projections. The city and county have not made a single loan payment for the arena.
A little history
To keep the Blue Jackets from leaving town, the Franklin County Convention Facilities Authority bought Nationwide Arena and gave the team free rent.
The trailer company Airstream has announced a major expansion at its facility in Jackson Center, Ohio, 56 miles north of Dayton. The company is investing $5.9 million dollars in the project, and its parent company, Thor Industries, says the millions they’re putting into the expansion will allow them to increase office capacity and production of their famous silver travel-trailers by 70%.
Airstream is Jackson Center’s biggest employer, according to Village Administrator Bruce Metz.
On Monday, U.S. Sen. Sherrod Brown (D-OH) joined Airbus Vice President of Procurement David Williams and U.S. Rep. Mike Turner (OH-10) at the National Composite Center in Kettering at the fourth procurement conference held between Airbus and more than 90 Ohio aerospace manufacturers and suppliers.
State leaders are making a push to increase business between the state’s aerospace industry and aircraft manufacturer Airbus. Toward that effort, state officials says they met with more than 130 representatives from 90 Ohio businesses this week.
In 2013, Airbus spent $6.1 billion in Ohio. That puts the state at the top of the list for the company’s US spending, and Vice President of Procurement for Airbus Americas, David Williams says they want to buy even more of their parts and supplies here in Ohio.
Business and education groups are expected to be in Columbus this week to defend the state’s Common Core curriculum in house hearings.
House Bill 597 would repeal the K through 12 educational standards, which are set to go into effect this school year—opponents see the standards as federal overreach. But business groups like the Dayton Area Chamber of Commerce have been on board ever since Ohio passed its version of the standards in 2010.