Greater Cleveland – Page 66

Megaproject tax credit signed into law

Ken Prendergast / December 29, 2020

In the coming decade, the state bird of Ohio may well be the construction crane.

That’s especially true in Ohio’s six largest metropolitan areas where more than two-thirds of Ohioans live. That’s because Ohio cities of more than 100,000 population, and places within 10 miles of them, will be the sites of megaprojects receiving anywhere from $240 million to $320 million in Transformational Mixed Use Development (TMUD) tax credits in the next few years.

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Seeds & Sprouts XIV – Early intel on real estate projects

Ken Prendergast / December 23, 2020

This is the Fourteenth edition of Seeds & Sprouts – Early intelligence on Cleveland-area real estate projects. Because these projects are very early in their process of development or just a long-range plan, a lot can and probably will change their final shape, use and outcome. Construction on Church+State had pushedboth of its buildings high

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Health-Tech Corridor to see a busier 2021

Ken Prendergast / December 21, 2020

On most days, Jeff Epstein is a very busy man. Not only is he executive director of the community development corporation MidTown Cleveland Inc., he also heads up the Health-Tech Corridor.

The Health-Tech Corridor is a decade-old collaboration between MidTown Cleveland, BioEnterprise, The Cleveland Foundation and the City of Cleveland. It works to attract and grow health technology businesses to the corridor linking Downtown and University Circle.

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Ohio lawmakers pass skyline-altering bill

Ken Prendergast / December 8, 2020

Ohio Senate voted 28-2 to concur with the Ohio House of Representatives’ changes to Sub. SB39, the Transformational Mixed-Use Developments tax credit. The bill has been forwarded to Gov. Mike DeWine for his signature to become law.

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Seeds & Sprouts XIII – Early intel on real estate projects

Ken Prendergast / December 8, 2020

This is the Thirteenth edition of Seeds & Sprouts – Early intelligence on Cleveland-area real estate projects. Because these projects are very early in their process of development or just a long-range plan, a lot can and probably will change their final shape, use and outcome. Two office buildings seen in this view, North Point

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All Aboard Ohio asks Cleveland RTA for Waterfront Line Phase II study

Ken Prendergast / December 2, 2020

Think of the benefits Clevelanders could see by morphing GCRTAs low-ridership light-rail Waterfront Line from dead-ending in a windswept, out-of-the-way parking lot into a fully functional and convenient Downtown Loop that serves more of downtown Cleveland most important destinations.

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30 Cleveland-area megaprojects that may benefit from a TMUD tax credit

Ken Prendergast / November 26, 2020

After this Thanksgiving holiday week, state lawmakers say there’s a pretty good chance that the Ohio General Assembly will finally pass the long-sought Transformational Mixed Use Development (TMUD) tax credit. And there’s potentially dozens of so-called megaprojects that the TMUD credit could activate or take already active projects and push them across the finish line.

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More Bridgeworks planning details released

Ken Prendergast / November 22, 2020

At the end of last week, more planning materials for the new Bridgeworks development in Ohio City’s Hingetown section were submitted to Cleveland’s Building Department and City Planning Commission. The submitted plans, albeit still preliminary, show further refinements to massings, floor plans, ground-floor elevations, materials usage and more.

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Amazon planning more Cleveland-area expansions

Ken Prendergast / November 20, 2020

E-commerce giant Amazon continues to add distribution facilities to Northeast Ohio and is considering expanding its existing facilities. The result will be hundreds if not thousands of more jobs provided by Amazon as well as by transportation and delivery services, including independent ones.

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Ohio ‘megaproject’ tax credit regains life at 11th hour

Ken Prendergast / November 13, 2020

UPDATE: E&WD Committee passed Sub. SB 39 on Nov. 18

That rhythmic sound you’re hearing again is a pulse after eight months of silence. It is coming from Substitute Senate Bill 39, also known as the Transformational Mixed Use Development (TMUD) tax credit, which could be passed by the Ohio General Assembly by the end of the year.

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