Nationwide Realty to oversee stadium project
March 29th, 2006
Business First of Columbus
Franklin County commissioners didn’t venture far from the Arena District to select a company to help them build a $65 million minor league baseball park in that neighborhood.
The commissioners said Tuesday they are beginning contract negotiations with Nationwide Realty Investors for the company to serve as owners representative for the ballpark project.
Nationwide Realty is the developer of the adjacent Arena District, having worked on $616 million in projects there, including Nationwide Arena, home of the National Hockey League’s Columbus Blue Jackets. The firm is the development arm of Columbus-based Nationwide.
The stadium will be called Huntington Park as part of a $12 million naming rights deal the county signed this year with Huntington Bancshares Inc. (NASDAQ:HBAN).
The stadium will be built at the northwest corner of Nationwide Boulevard and Neil Avenue. The commissioners want the stadium, which carries an estimated price tag of $65 million, to open in 2008.
Until then, the ballpark’s principal tenant, the county-owned Columbus Clippers, will continue to play at Cooper Stadium, also owned by the county.
Nationwide Realty was one of eight companies that pursued the owners rep contract. Once on the job, it will supervise construction and be responsible for seeing the project completed on time and within budget.
Commissioners said they will seek certain assurances in negotiations with Nationwide, including that the ballpark be accommodating for families and affordable. They also want final responsibilities for cost overruns clearly spelled out.