A plan to finally settle the finances and ownership of Nationwide Arena, home of the Columbus Blue Jackets (NHL), is finally ready for public consumption and will be unveiled at tonight’s City Council meeting.
Ownership of the arena would go from Nationwide to the Franklin County Convention Facilities Authority, which is paying $42.5 million in future casino funds. Nationwide will buy 30 percent of the Blue Jackets for $52 million and then pay $28.5 million over 10 years for naming rights.
The deal should end the financial issues plaguing both the arena and the team. The proposal will have a first hearing tonight and a vote next Monday; meanwhile, Franklin County will take up their end of the bargain in November.
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