Akron Children's Hospital completes land swap with city, hopes to establish children's business district

Akron (Ohio) Children's Hospital will receive two properties from the city of Akron in exchange for one of their own, according to the Akron Beacon-Journal.

The Akron City Council approved a measure Monday to accept $1.8 million from Akron Children's in exchange for two properties valued at $2.9 million, while the hospital will give the city a property worth $115,000. The city is absorbing a loss of roughly $1 million in order to make the deal.

The agreement will allow Akron Children's to expand facilities and keep hundreds of jobs in downtown Akron while also encouraging the development of a business district catered specifically to children. 

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