YSU's North Side housing project dead

YOUNGSTOWN — A proposed $17 million, 109-unit housing facility, primarily for Youngstown State University students, on the city’s North Side is dead.

Place Properties, a major national developer of student housing, has opted to scrap its plans for its proposed Park Place project.

The Atlanta-based company had an option on property located on Fifth Avenue, between Westbound Service Road and Park Avenue, just south of Stambaugh Auditorium.

But the company let that option expire a few weeks ago and has abandoned its plans to build the housing facility.

Place Properties officials couldn’t be reached today to comment on their reason for withdrawing the proposal.

Mayor Jay Williams and William D’Avignon said issues related to delays with a 75-percent, 10-year real property tax abatement from the city, which needed state approval, was the reason for Place Properties canceling the project.

For the complete story, read Friday’s Vindicator or Vindy.com