Development passes first hurdle, awaits School Board decision
The proposed Celebration Village at Providence Park made it past its first hurdle as Euclid City Council approved an amendment to a consent judgment by a 6-3 vote. That first vote was needed due to complications associated with the 68 acre property that is currently owned by Providence Baptist Church. Providence is looking to sell it to a Georgia-based developer that will then create a development targeted to age 55+ residents.
Euclid’s School Board now has to consider if they will approve the Tax Increment Financing (TIF) plan that the developer has said is critical to the project’s success. However, due to the coronavirus crisis, the school board has been unable to meet. The timing of the next meeting is likely still under consideration. If the school board ultimately approves the TIF plan, the project comes back before City Council for another review.
How the current economic upheaval will impact the development is also unclear. The Observer will continue to cover this issue as it progresses.
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