Hudson City Council has approved tax incentives for a new medical office building planned for the Seasons Road development corridor.

Jim Stifler, Hudson Economic Development Director, said the tax abatement and Community Investment Agreement with Western Reserve Hospital will support an organization that provides essential services to the region.

“It’s been approved by City Council as of last week for 50 percent tax abatement for 15 years,” he said. “Western Reserve wants to develop that property over a period of several years, and they needed the tax incentive to get things going.”

The 56,000-square-foot medical office building planned on Seasons Road west of state Route 8 is expected to be a nearly $20.2 million investment that will employ more than 100 people during the next five years, according to Stifler.

He said the facility’s location will create minimal issues for homeowners in the vicinity. 

“To have more medical resources in your community is a plus,” he added. “This is the southernmost border of Hudson and this will spur more development” in a business area that includes the northern reaches of Cuyahoga Falls and Stow.

More: Western Reserve Hospital’s proposed $20.2 million building in Hudson would employ 100+

More: Seasons Road interchange ramping up as hot spot for development along Route 8

The Hudson Planning Commission approved the project as a 62,000-square-foot building last September, but then signed off on an approximate 6,000-square-foot reduction in December after it was requested by the property owners

Western Reserve Hospital President and CEO Dr. Robert Kent said the deal with Hudson could open more doors in the future.

“[It is] an engine for what we believe will drive the future development of primary health care and ancillary health services in the Seasons Road region,” he said. “We look forward to further collaboration with the city of Hudson to bring increased access to high-quality care that we know this partnership will initiate.”

Construction for the project will start in May, with a target for completion by next spring.

Reporter Molly Walsh can be reached at mwalsh@gannett.com 

Source Google News – Read the original article

Hudson grants tax exemption for planned Western Reserve medical office building – Akron Beacon Journal

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