News & Events

Summit County Port Authority assists Portage County development

Using its cooperative agreement with the Portage County Port Authority, the Summit County Port Authority issued Tax Increment Financing bonds in the amount of $940,000 on behalf of Portage County to provide public improvements for a commercial development and a private development in Brimfield Township. The funds will be used to acquire land and construct and install public improvements, including roads, sidewalks, street lighting and utilities.

Private development spurred by the public improvements include a 6,300 square foot office building, a 4,000 square foot retail facility and a nursing home and assisted living facility.

Portage County Commissioner Chuck Keiper noted, “With easy access to State Route 43 from I-76, Brimfield Township is a prime area for economic development. The project brings a nice mix of retail and commercial development that will complement the Brimfield Crossings site on the west side of SR 43. The Kelso Road extension will connect the commercial development to the nursing home and assisted living facility.” Keiper added, “The Summit Port Authority’s Bond Fund Program has been a valuable asset to the Tallmadge-Brimfield-Kent Joint Economic Development Districts and we plan to continue to use the services of the Port for future economic growth that benefits our residents.”

The public improvements are schedule to be completed in June 2008.

CONTACT:

Christopher J. Burnham, President
Summit County Port Authority
One Cascade Plaza, 18th Floor
Akron, OH 44308
PH: 330.762.4776

William J. Ulik, Director
Portage County Dept of Econ Dev
128 North Prospect St.
Ravenna, OH 44266
PH: 330.297.3470

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