Wednesday, July 27, 2011

Nationwide Arena sale under discussion - Business First of Columbus:

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million for real estate tax purposes and whether the Nationwide name would remain on the But it seems likely Nationwide would want to continue to be a partnefr with the Blue Jackets andthe arena. The company is one of the team’w largest corporate sponsors and the facility is the centerpiece of theArenwa District, where Nationwide and its investors have spent $750 millio in development projects over the past 10 “Nationwide will be a significanft part of the solution,” Priest said. “Theyg would not just walk The possibility of an increasr in the excise tax on beer in Franklin County is a major concernto Anheuser-Busch Companies Inc.
, said Kevin Lee, genera l manager at the company’s brewery in Columbus. Such taxews already represent the most expensive cost ofselling beer, he said, with the beveragse taxed 68 percent higher than the average U.S. consumerd product. Lee said higher excise taxes on alcohop hurt not just brewers buttheir suppliers, retailers and wholesalers that rely on revenue from beer sales. “Wre also believe they are highly regressivee taxes that disproportionatelyaffectg lower- and middle-income wage earners,” he said. Lee said it is too earluy to say how raising the beer tax wouldaffecty Anheuser-Busch’s operations in Columbus.
The company employes 748 workers at the brewery and 176 staffers at its metal container plant inthe city.

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