When Wexner stepped down from L Brands and out of the spotlight in 2020 amid scrutiny over his relationship with sex offender Jeffrey Epstein, many may have thought the retail mogul, now 86, was retiring after nearly six decades to quietly enjoy his billions. But, it turns out, he was just getting started. As new reporting by Forbes reveals, when local leaders didn’t have a site that fit the ultra specific conditions needed for chip production, which include access to millions of gallons of water a day, they reached out to Wexner’s New Albany Company. Within three days, it had come up with a proposal for the plot in Johnstown. “It wouldn’t have happened without them,” says J.P. Nauseef, the CEO of JobsOhio, the state’s private economic development group, which rustled up a $150 million grant that paid for the Intel land as part of a more than $2 billion incentive package.
This deal unlocked a flood of new opportunities for Central Ohio, as big tech outfits including Amazon, Meta and Google pledged more than $7 billion to expand their data center campuses in the area. It’s been a particular boon for Wexner, who bought up 3,500 acres – almost all in Licking County, which includes Johnstown and part of New Albany – for an estimated $340 million beginning in 2022; he then turned around and sold 830 acres to Intel for about $120 million and another 1,700 to other firms like Amazon and Microsoft for $400 million. According to a New Albany Company spokesperson, the company typically spends up to 30% to 50% of the cost of the land on, among other things, securing development entitlements and environmental permitting required to prepare land for development.
First described more than 150 years ago, the syndrome has proliferated since the coronavirus pandemic. Before 2020, 1 million to 3 million people suffered from POTS in the United States, researchers estimate. Precise numbers are difficult to come by because the condition encompasses a spectrum of symptoms, and many people have still never heard of it. Recent studies suggest 2 to 14 percent of people infected with the coronavirus may go on to develop POTS.
The syndrome tends to strike suddenly, leaving previously healthy people unable to function, with no clear cause. In recent years, doctors specializing in the condition have noticed a curious and disproportionate subset of patients: young, highly trained athletes who are female.
Short for postural orthostatic tachycardia syndrome, POTS is diagnosed when a patient’s heart rate goes berserk, jumping way above normal when changing position from lying down to standing.
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