Nationwide Arena asks for tax exemption… again
A new study is being flaunted by the Nationwide Arena ownership group in hopes of persuading state legislators to give the publicly owned property yet another tax exemption. Nationwide Arena’s 15-year, 99 percent property tax abatement expired last month.
The Arena District’s real estate value grew from $100 million to more than $1 billion since 1999, with only $7.5 million in real estate taxes going to Columbus City Schools, according to the study by the Franklin County Convention Facilities Authority. Nationwide Arena would normally owe the district an estimated $3 million per year, based on its $143 million value that was assessed by the Franklin County auditor, according to the Columbus Dispatch.
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