Carroll native co-owner of Arena League team
Like many boys playing ball in his backyard in Carroll Township, Jim Renacci had lofty dreams of playing professional sports.
He even played baseball and basketball while attending Ringgold High School, where he graduated in 1976. But like most people, those fantasies give way to the real world.
“(Playing) in your backyard, you always think about what it would be like to play professionally,” Renacci said. “But there came a time in my life where I moved on to business.”
Renacci, now living in northeast Ohio, has become a highly successful businessman.
But he never lost his love for sports. Renacci is now involved in professional sports as co-owner of the Columbus Destroyers of the Arena Football League.
After graduating from Ringgold, he earned a degree in business administration/accounting from Indiana University of Pennsylvania in 1980.
He worked in Pittsburgh for a couple of years in the CPA firm of Alex Grant and Company.
In 1983, he took a job as chief financial officer and controller for a nursing home client in Wadsworth, Ohio.
After 18 months in that position, he started his own business. That business, LTC Management Services, owned and operated nursing homes from 1985 until 2000.
Although many of these facilities were sold in March 2000, the company remains a premier management company in Ohio, consulting with many facilities throughout the state. Renacci has served as the corporation’s president and chief executive officer since the company’s inception.
Renacci was introduced to Arena Football when he met Chris Spielman, the former NFL linebacker who would become head coach and general manager of the expansion Columbus Destroyers.
The Arena Football League team was formed in 1997 as the Buffalo Destroyers and played its first AFL game in 1999.
In September 2003, the Buffalo Destroyers re-located to Columbus, playing their first game in February 2004.
Buffalo business leader Mark Hamister partnered with Renacci and John H. McConnell, majority owner of the NHL Columbus Blue Jackets, to form a local ownership group for the franchise.
Renacci said the Arena Football League is growing in popularity because of the high scoring games it produces.
Arena Football League games are played on a field half the size of normal outdoor games and, as its name suggests, inside an arena.
“If you’ve never seen an Arena Football game, you almost have to see one to understand the excitement,” Renacci said.
In 2003, Renacci formed the LTC Companies, which encompass several business sectors with most businesses located in and around the Columbus area.
Renacci and his LTC Group have ownership interests in the Promo-West Pavilion as well as Fat Eddy’s bar and restaurant, both located in the Nationwide Arena District where the team will play.
He also has an ownership interest in the AD Farrow Harley Davidson dealership on Broad Street in Columbus and the Cententual Harley Davidson Dealership in Pataskala, Ohio.
Also in Columbus, Renacci operates through his related companies, “Med Financial Services,” a physician practice management company and has ownership interest in The Golf Club of Dublin and Tartan West Development. He also has real estate holdings in Powell, Pickerington, Polaris and Westerville along with other holdings throughout Ohio.
But if his business interests aren’t enough, Renacci is currently serving his first, four-year term as mayor of Wadsworth, Ohio. He also serves as president of the city council for Wadsworth, a community of 20,000 residents, located 40 miles south of Cleveland.
He is a member of the city planning commission, the board of zoning appeals and the fire and EMS Service. He currently serves as a community board member of First Merit Bank and has served on the Board of Rawiga Country Club, where he was past president.
Renacci is a member of the Ohio Society of CPAs and the American Institute of CPAs. He is a past board member of the Sumner Home for the Aged, the Ohio Academy of Nursing Homes and the Sacred Heart Finance Board. Renacci has coached baseball for the past ten years, managing premier and elite teams throughout Northern Ohio.
He and his wife Tina live in Wadsworth with their two sons, Drew and Ryan, and daughter, Rhiannon.
They do make the 146-mile trip back to the Valley regularly to visit a host of family that still live here, Renacci said.