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Techneglas site gets $5 million shot in arm

Walker Evans Walker Evans Techneglas site gets $5 million shot in arm
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The Dispatch wrote Techneglas site gets $5 million shot in arm

Friday, November 14, 2008


Amid an economic downturn with almost daily reports of layoffs, city and state leaders returned yesterday to a vacant factory that they hope is ready for a comeback.

A plan to renovate the former Techneglas plant on the South Side will get $5 million from the state, one of a dozen projects that will get a total of $50.5 million in grants. The other 11 are all outside central Ohio.

At the Techneglas site, Columbus developer Marvin Katz is working with local businessman Don Garlikov and New York investor Greystone & Co. The developers plan to spend about $20 million on top of the $5 million from the state and $1.4 million in road improvements from the city.

They plan to subdivide the 1.1 million square feet of the Techneglas and Owens Illinois plants, creating office and industrial spaces for tenants. The project is known as TechCenter South. He thinks the plant can be up and running by 2010.


Related Stories:

Columbus aims to create brownfields clean-up fund

Former Coated Fabrics, Techneglas factories to each get $3 million

Coleman plans South Side revitalization

South Side & Weinland Park Request Cleanup Aid

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