Development planned for former Faith Victory Church

A developer working on renovating the former Faith Victory Church in Columbus could qualify for a tax abatement after the City Council gave initial approval to label the site an economic development target area.

Rick Sprague, the owner of the property, says that he plans to offer market-rate apartments at the site in the 1700 block of Home Avenue. He says that hundreds of thousands of dollars in rehabilitation and improvements in the nearly century-old building are needed before any potential renters could move in.

Council members were enthusiastic about the development, noting the need for housing in the area. A second reading is set for the council’s March 5th meeting. If the council gives final approval, Sprague will be able to apply for the accompanying tax abatements.