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Developers Also Seeking Stimulus Dollars

Ohio has more than 20,000 projects on its' official roster, with each applicant hoping to receive stimulus dollars.

The vast majority of those seeking part of the eight billion dollars are local government agencies. But a smaller number is made up of developers.

Among those is Strnisha Development Advisors, working on the Flats Project with the Wolstein Family. President Steve Strnisha says there are valid reasons why a project like his meets Washington's criteria.

STRNISHA: It's a shovel ready project, it's a public improvement, publically owned and it would allow the balance of the project to proceed on a faster pace.

Developers need a new source of money he says, because traditional resources have tightened requirements, and are themselves short of funds.

A prime example is the rehab of Sandusky's Rieger Hotel; stopped - by a shortage of just $200,000.

Johnathan Sandvick is the architect, and says the Rieger should also qualify for help... on several levels.

SANDVICK: It's a $7 million project. It could create an enormous amont of jobs and create an enormous impact in the downtown Sandusky area itself.

The governor's office says there is no separate 'money stream' for private firms - that they will have to compete for funds with the cities, villages, and agencies who also have "shovel ready" projects.

There are no dates set for when decisions will be made - or made public. Rick Jackson, 90.3.

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Rick Jackson is a senior host and producer at Ideastream Public Media. He hosts the "Sound of Ideas" on WKSU and "NewsDepth" on WVIZ.