2005, when her late husband and VRG partnered with Franklin County and
the City of Gahanna to clean up the Bedford Landfill. The project evolved, and
roads and properties were developed, which attracted jobs and investments
that have added over $500,000 to the city’s real estate tax base. She recalled
a period of three years in which the City suspended Independence Day
fireworks, and the Fromm’s business was able to provide fireworks at the
Golf Depot. Today, VRG owns land in Gahanna, pays property tax, and works
attract development and jobs to the city. She explained that VRG has worked
to have the site developed, with very few prospects, for 16 years. She
described the due diligence done by VRG and being encouraged by JobsOhio
approval. Ms. Fromm shared that they had spent hundreds of hours meeting
with buyers, KBC and Velocis, outside professionals, advisers, and partners
and joining many of their internal discussions. Ms. Fromm stated that from
her team’s experience, KBC’s transparency exceeded past buyers, and was
confident that their presence in Gahanna would deliver results. She
expressed that not approving the ordinance would be a crushing blow to
Gahanna’s competitiveness and future prospects for growth, believing it
would be much harder for VRG to sell Gahanna. She emphasized her pride in
the VRG’s accomplishments for the city and pledged her team would
continue this impact. Ms. Fromm concluded that Council’s approval was
critical to Gahanna’s future, shared her thanks to Council, and looked forward
to the remainder of the meeting.
Beau Taggart of Upper Arlington, OH, spoke on ORD-0030-2025 (Velocis
abatement).
Mr. Taggart introduced himself to Council as the operator of the KBC Ohio
office, along with his partner Joe Kimener. He stated his family has built
buildings and owns businesses in Gahanna, highlighting a long history of
investment in the city. He has spent his career representing corporate
industrial users and has guided local companies and multinational firms alike.
He has transacted over $900 million work of industrial real estate over the
years, and he highlighted some of his recent projects, including Illuminates
(Pataskala), Pharmavite (New Albany), and Behr Paints (Hebron). He stated
they brought high quality jobs to central Ohio, which required significant state
and local incentives. Mr. Taggart added that industrial users are not
developers or investors. They do not spend time and capital solving issues
concerning zoning, utilities, traffic studies, wetlands, or endure lengthy due
diligence processes with the risk of being voted down. They rely on
professionals like KBC and Velocis to take on the risk and solve the site’s
challenges to deliver a turnkey solution. He noted that the projects he
highlighted were delivered with all entitlements, infrastructure, and a 15-year
100% tax abatement. Mr. Taggart stated the site has sat vacant for so long
because there has been no solution created for today’s industrial occupier,
and without the availability to provide a solution, including a tax abatement, the
site will remain vacant. He stated the project represents the highest and best
use for the site, adding that it brings a modern building that aligns with existing