The Central Ohio Department of Transportation has a contract to purchase downtown Greyhound Station for $ 9.5 million. The agency plans to demolish a dilapidated facility and wants to see a versatile public transport oriented development built on 2.5 acres of land, but who oversees the project and exactly what Many details have not yet been elucidated as to whether to supervise. It looks like.
As part of the deal, Greyhound’s business will move to COTA’s existing Rich Street Terminal, about a block away, on the ground floor of the Columbus Commons parking garage.
This is the strategy Greyhound has adopted nationwide. We are selling a large, degrading station in a central location and working with local transportation to rent space for a more modest facility nearby.
When COTA Chief Development Officer Terry Foegler got a job at the agency last summer, he learned that Greyhound had recently contacted about the possibility of using one of COTA’s handsets.
“I talked to Greyhound. I’m talking about the negotiations for a sublease on Rich Street. If you give us the exclusive right to talk. [station] “Site,” he said. “They were going to put it on the market, [but] We have signed a letter of intent to work with us. “
Those discussions began long before the city of Columbus Sued Greyhound Earlier this summer, the station was declared polluted and last year it was the source of hundreds of emergency calls.
With the city Columbus Downtown Development Corporation (CDDC) will be a development partner and other entities and private companies may be involved in the realization of the project, but it is important for COTA to maintain control of the site, Foegler said.
“Our intention is to work very hard with them and others to achieve our needs and broader goals,” he said, and the most basic of these goals is downtown. Is to meet the needs of the newly expanded COTA facility.
” LinkUs Initiative I’m picking up a lot of steam, and in two [transit] As the corridor is being developed, there will be convergence in downtown and the need for facilities to handle that convergence will increase, “says the physical footprint of transit elements as part of a major redevelopment. I emphasized that it was nothing more than. ..
He added that he hopes for “adding vibrancy, walkability and density” and “very substantial” urban development to the region. “There can be a significant amount of development going on at that site, and even more can happen to the extent that it doesn’t require parking. One of COTA’s goals is that these uses are transit. Is to make sure to enhance the use of. “
Potential uses include offices, mixed-income homes, retail stores, and COTA may even decide to move offices to new developments, such as current office buildings near the Broad and High corners. You can sell your assets. ..
Foegler has a history of achieving significant multipurpose development in the region. As the city’s manager (and later the director of strategic initiatives), he was deeply involved in both the city’s planning and implementation. Bridge park Vision, creating a new city center near the historic center of the suburbs.And as president of the campus partner, he gateway Development on high street.
“I think that’s part of the reason [COTA CEO] Joanna [Pinkerton] I contacted me, “Foegler said. “She knows that in order for transit to do what transit needs to achieve, it needs relevant development.”
The purchase agreement for this site has already been signed and will be voted on by the COTA Board on June 28th. COTA also permits garage owners Capitol South (Board and staff CDDC) to sublease to Greyhound.
Foegler believes the project is underway when the interests of COTA, City, and CDDC are all in line. He said everything would be resolved after more decisions were made about its size and scope as to how accurately it would move forward or which entity would lead the project shepherd through the development process. Told.
This site is a second opportunity after the bus stop was built by an urban redevelopment project in the 1960s. The official address is 111 E. Town St., but it occupies most of the block. Demolition of the historic central market).
“The plan was unmarked. The site was badly underutilized,” Foegler said.
COTA to buy a greyhound station, planned “substantial” development on the site
Source link COTA to buy a greyhound station, planned “substantial” development on the site