Ohio – Page 13 – NEOtrans

Megaproject candidates — a partial list

Ken Prendergast / July 8, 2022

While a complete list of applicants for so-called “megaproject” tax credits won’t be available until sometime next week, NEOtrans has learned who a few of the local applicants are and aren’t, including at least one surprise. The deadline was today at 5 p.m. for submitting applications to the Ohio Department of Development for the second round of Transformational Mixed Use Development (TMUD) tax credits that could total $100 million.

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Cleveland, Lakewood rehabs corner historic credits

Ken Prendergast / June 22, 2022

Several Greater Cleveland redevelopment projects in the works for years got a boost today when they were among the 38 projects awarded nearly $40 million in historic tax credits by the Ohio Department of Development. The awards were part of the Ohio Historic Preservation Tax Credit Program that is administered in partnership with the Ohio History Connection’s State Historic Preservation Office.

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NOACA seeks Cleveland Amtrak hub

Ken Prendergast / May 13, 2022

The director of the Northeast Ohio Areawide Coordinating Agency (NOACA), a metropolitan planning organization, today said she intends to submit to the Federal Railroad Administration (FRA) multiple proposed passenger rail routes through Cleveland for inclusion in the Biden Administration’s multi-billion-dollar rail development program.

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Megaprojects program gears up for next round

Ken Prendergast / May 8, 2022

This week, the Ohio Department of Development announced that it is opening round two of its new and popular Transformational Mixed Use Development (TMUD) tax credits program on May 18. Authorized for four years with up to $100 million in tax credits available each year, the deadline for submitting TMUD applications for Fiscal Year 2023 is 4 p.m. July 8.

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Luxury car biz may park at Great Northern Mall

Ken Prendergast / March 25, 2022

A Canadian luxury auto dealer hopes to consolidate its local dealerships, service center, Ohio offices and hundreds of jobs at a new $60 million development at Great Northern Mall in North Olmsted.

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ODOT Inner Belt plan gets city pushback

Ken Prendergast / March 19, 2022

Yesterday, Cleveland’s City Planning Commission unanimously tabled a request by the Ohio Department of Transportation (ODOT) for consent to construct improvements to the Central Interchange, where Interstate 77 ends and connects with Interstate 90 in downtown Cleveland.

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Local megaprojects win, miss TMUD awards

12 Comments / Ken Prendergast / March 2, 2022

Today, the five-member Ohio Tax Credit Authority board awarded $100 million in tax credits to Transformational Mixed Use Developments (TMUD) to 13 applicant projects throughout Ohio. Of the 42 projects statewide and nine from Greater Cleveland that were submitted for credits, four received a total of $53 million in funding.

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TMUDs – taking more time

1 Comment / Ken Prendergast / January 27, 2022

It’s going to be a little while longer before the developers of 42 projects, many of them megaprojects, across the state learn whether their project is going to win a golden ticket and get a big step closer to their own groundbreaking ceremony.

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There’s much to look forward to in 2022

4 Comments / Ken Prendergast / January 5, 2022

If you thought 2021 was busy real estate-wise, there is every indication that 2022 is going to be even busier. How busy? Take a look….

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Funds sought for Cleveland-Chicago rail development plan

2 Comments / Ken Prendergast / November 30, 2021

Agencies between Cleveland and Chicago have joined forces to request federal funds to identify how best to expand freight and passenger rail services on the busy Norfolk Southern (NS) Corp.-owned rail line that links those metro areas.

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