Tax-increment district created for Austintown racino
By Sean Barron
Mahoning County commissioners approved creating a tax-increment finance district, or TIF, on 187 acres between state Routes 11 and 46 in Austintown that will be home to the Hollywood Slots at Mahoning Valley racino set to open next year.
Audrey Tillis, director of the county’s Office of Management and Budget, noted that the casino and thoroughbred racetrack will increase property values.
Of that projected increase, 50 percent will be placed in the TIF and go toward road and sewer upgrades, among other infrastructure improvements, she explained to commissioners at their Thursday meeting.
The other half will benefit schools and other entities to which property-tax dollars are allocated, Tillis added.
In other matters, beginning Saturday, nearly one mile of Crum Road in Austintown is to close because of a large road-construction project.
Randy Partika, a bridge engineer with the county engineer’s office, said the section of Crum between Meridian and Four Mile Run roads will be closed for 60 days.
That portion will be converted from an asphalt to a concrete surface to better accommodate a heavy volume of truck traffic, Partika noted, adding that residents will be able to get to their homes via Four Mile Run Road.
The $1.07 million project should wrap up Dec. 1, he said.
The bulk of the money is coming from a $425,000 Ohio Public Works Commission grant as well as a $500,000 grant from the Ohio Department of Development.
Additional funds are from the Ohio Department of Transportation’s Office of Jobs and Commerce, he said.