Monday, February 17, 2020

The Gallo Property Opportunity

The Gallo Property is a 64-acre, undeveloped property on Music Street, east of 306, that backs up to The West Woods. The Russell Township Citizens Park District is currently in contract to buy the Gallo Property for $729,000. The Citizens Park District has applied for an Ohio Clean Water Grant that would cover 74% of the purchase price ($529,000). If we receive this grant, the Gallo Property will cost Russell Taxpayers $200,000. How can we pass up a bargain like this?

And what will happen to the Gallo Property if the levy fails and we are unable to purchase it? Most likely, it will be bought by a developer who will divide it into smaller lots and build on it. That would be a sad outcome for our rural oasis, both financially and environmentally. More on that in my next post.

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