Grove City Council Meeting Agenda May 4 2026
Broadway Live development agreement with Axiom Ventures
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Description
Grove City plans to enter into a comprehensive development agreement with Axiom Ventures, LLC for the Broadway Live mixed‑use project, with a City financial commitment not to exceed $6.5 million for land acquisition, a public parking facility, and improvements to Broadway and Cleveland Avenue. The multi‑year agreement structures payments around parking facility completion, reimbursement of public infrastructure, and final project delivery.
Contract Details
Contract Amount
Not-to-exceed $6,500,000.00 (City financial commitment)
Vendor
AXIOM VENTURES LLC
Agency
City of Grove, OH
Contract Type
FACILITIES
Document Date
May 4, 2026
Contract Term
Multi-year development period exceeding one year from 2026 effective date
Renewal Info
Implements Council’s prior in-principle commitment under CR-38-25; the agreement spans multiple years to cover construction, land transfer, and staged payments but does not specify renewal options beyond completion of the project.
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