Ohio – Page 11 – NEOtrans

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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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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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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Columbus developer has big plans for Flats West Bank

Ken Prendergast / July 23, 2020

According to three sources who agreed to speak off the record, Flats West Bank property owner Jeff Jacobs may sell 5.6 acres of prime riverfront land near downtown Cleveland to a Columbus-based real estate developer or a partner thereof.

CASTO, which focuses on urban developments from Ohio to Florida, has expressed interest in acquiring or otherwise developing the land with a significant, multi-building, mixed-use development on the site. The land currently is used as a vast surface parking lot north of Jacobs’ Nautica Entertainment Complex that includes the Powerhouse at Nautica.

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GCRTA may unify its rail system with single rail car fleet

Ken Prendergast / June 27, 2020

For those who like the idea of being able to take one train without transfers from Shaker Heights to the airport or possibly from University Circle to the Van Aken District, then a new challenge-turned-opportunity may be of interest.

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Amtrak considers new resources for new train services, including Ohio

Ken Prendergast / March 2, 2020

If the rail and transit advocacy group All Aboard Ohio had designed proposed initiatives to help jump-start passenger rail development in the nations seventh-most populous state, they would likely look similar to the ones Amtrak is considering now, according to their press release.

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Ohio’s largest metros are carrying the state’s economy

3 Comments / Ken Prendergast / January 26, 2020

When it comes to describing Ohio’s economy, there’s the 3Cs and then there’s everyone else. With a few exceptions, if you want to find a job in Ohio, the best place to look is Ohio’s three largest metropolitan areas — Columbus, Cincinnati and Cleveland.

Consider that, since the start of 2015, Ohio has gained 227,000 jobs, according to the U.S. Bureau of Labor Statistics. The 3Cs accounted for 216,000 of those new jobs.

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Could the Western Reserve return to Connecticut, please?

Ken Prendergast / December 21, 2017

No one in Cleveland or Akron or Ashtabula complains to or congratulates Connecticut Governor Dannel Malloy. No one in Warren, Medina or Sandusky cares if U.S. Senator Chris Murphy should be re-elected in 2018. There is no sharing of state offices between Cleveland and Hartford and thus, only one direct flight between Cleveland Hopkins and Hartford Bradley. And we sure don’t call ourselves the Nutmeg State, or even the exclave of same.

Could the Western Reserve return to Connecticut, please? Read More »