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The State of The City - How does the Mayor’s Speech effect South East Columbus Real Estate

Parsons avenue is full of potentialThe Short Answer is: Not Much.

Every year the President, the Governor, and the Mayor have a State of the….address.  Mayor Coleman’s State of the City speech last night, as it always has, garnered much attention locally.  From neighborhood cameras to bike trails, to a plan to actually pay for a streetcar, a “Town Square” for the high street side of City Center, South High Street Development Incentives, to destroying the City Center Walkway over High, to more ‘green’ talk about jobs, the yearly agenda was once again aggressive, slightly attainable and full of good intentions.

The City is focused on Parsons Avenue and improving the lives and home values of the “Gateway to the South” of Columbus.  Much more than a line in the sand, Parsons Avenue has habitually been a Concrete Wall which young urban professionals dare not cross for fear of ……well, they aren’t really sure but they’ve heard it’s just not smart to do so.

I love Parsons Avenue.  It is full of buildings that come to the sidewalk, lots of storefronts and shops and an enormous amount of potential surrounded East and West by quality housing stock.  All this in a neighborhood that is minutes from downtown.  I was surprised to read that the city has acquired a total of 47 properties near Parsons Avenue for an average of about $57,500.

It’s no secret that Coleman has a big focus on Downtown Columbus and feels that the City’s future hinges, in large part, on a vibrant downtown where people live and have places to spend their money.  All in all, we didn’t hear too many absolutely new ideas come from the state of the city address.  One small gem was the building of a city-run community health center on Parsons Avenue. 

“By building on this site, we not only provide families with health care, we jump start economic development as well.”-Mayor Coleman (side note-the same was said of the 4 corners project on Cleveland Avenue and the Gateway building at Long and Hamilton and . . . . .)

I have to agree with the residents and business owners polled by the Columbus Dispatch and question how a new Health Center on the site of the old Schottenstein’s store will spark an economic turnaround for the near South East side.  The ideas for the old Technaglass plant on 46 South Side acres sounds more intriguing and more of a lightening rod for turning around the fortunes of area homeowners but that one million square feet of stores, offices and warehouses employing 1700 people is years and years away.

It isn’t just the city that will make the Parsons Avenue Corridor, Olde Towne East and Bronzeville, Weinland Park, Franklinton and the Hilltop rejuvinated.  It’s the people of Columbus who buy homes there, take care of their homes, and turn their communities into stellar neighborhoods.  It’s also going to take quite a few risk taking entrepreneur with money willing to invest in our city’s infrastructure for the sake of our Urban Neighborhoods Longevity. 

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