Explanation
This ordinance authorizes the City to amend a Development Agreement with Franklin County (“County”), Confluence Community Authority (“Authority”), Crew SC Development Company, LLC (“DeveloperCo”), and Crew SC Stadium Company, LLC (“StadCo”), and Crew SC Training Company (“TrainingCo”) collectively, the “Parties,” dated July 3, 2019, subsequent First Amendment to Development Agreement dated December 19, 2019, and subsequent Second Amendment to Development Agreement dated November 10, 2021(collectively, the “Development Agreement”). The Development Agreement outlines certain mutual commitments of the Parties related to the financing, development, construction, operation, and occupancy of a new multi-purpose sports, entertainment, cultural and recreational facility (“Stadium”), the redevelopment of the MAPFRE Stadium site into a practice facility and training complex for Columbus Crew SC (“Crew”), a community sports campus that will include a community recreation facility and playing fields (“Community Sports Park”), and the development of a project containing mixed-use retail, entertainment, residential, hospitality, office and/or commercial uses (“Mixed-Use Development”) adjacent to the Stadium (collectively, the “Project.”)
The First Amendment to the Development Agreement added the Authority and DeveloperCo as parties to the Agreement, and assigned all of the rights and obligations of StadCo under the Development Agreement to DeveloperCo, an affiliate company. The Second Amendment to the Development Agreement (“Second Amendment”) memorialized DeveloperCo’s Workforce Housing commitment, the City’s commitments for certain public infrastructure improvements and the public parking garage within Astor Park, and the timing and funding of the Community Sports Park.
This Third Amendment to the Development Agreement (“Third Amendment”) will expand the location of the Community Sports Park (“CSP”) to include other potential sites, including the City-owned Ki...
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