Are you struggling to pay rent in Columbus? Are those creeping student loan payments causing you anxiety? Is healthcare forcing you to pick up extra hours at work?
Well, good news! Your tax dollars are about to be going to work for you by going to an international developer with $1 trillion in assets to build less than 600 apartment rooms that have no guarantee to be affordable to anyone who doesn’t work downtown.
Blackstone, an international investment group owning more than 150 companies, was approved yesterday by Columbus City Council for re-zoning changes as a first step towards tax abatements. According to the Guardian, “Over the past two decades, (Blackstone) has quietly taken control of apartment blocks, care homes, student housing, railway arches, film studios, offices, hotels, logistics warehouses and datacentres.” They are the largest commercial landlord in world history.