By Julian Teekaram, First Edition Anchor/Producer - bio | email
VAN WERT, OHIO -
After five years, the city of Van Wert is that much closer to finishing up its megasite. Mayor Don Farmer says an industry can occupy the 1600 acres in just a year from now. The main portion of the project is a rail road spur. Farmer explains how the City Council helped to pay for many up front expenses, including the railroad spur.
"So last evening council past a very important piece to the megasite. And that was to advance $500,000 from our general fund account to our JRS account which we will use for float money all the way through the end of 2013. And then that advance will be put back into the general fund because we will be reimbursed by the state of Ohio," said Farmer.
Initially, city officials thought the $500,000 advance from the Ohio Department of Development would be reimbursed immediately after it was spent. However, the state requires invoices from city officials detailing how that amount was spent. Only after the invoices are presented and approved can Van Wert dig into the rest of that $5 million grant.
Van Wert's megasite is one of two in the entire state of Ohio. Farmer hopes the site will make northeast Ohio attractive to businesses.