NEOtrans business, development, real estate, construction and market trend news from Ohio
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.
Read MoreMegaprojects program gears up for next round Read More »
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.
Read MoreLuxury car biz may park at Great Northern Mall Read More »
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.
Read MoreODOT Inner Belt plan gets city pushback Read More »
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.
Read MoreLocal megaprojects win, miss TMUD awards Read More »
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.
Read MoreTMUDs – taking more time Read More »
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….
Read MoreThere’s much to look forward to in 2022 Read More »
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.
Read MoreFunds sought for Cleveland-Chicago rail development plan Read More »
In Greater Cleveland, there were nine TMUD applications for real estate development projects. Five are located in the city of Cleveland with one each in Shaker Heights, Lakewood, Elyria and Mentor.
Read MoreNine of 42 TMUD applications are from Greater Cleveland Read More »
Growing enrollment at Cleveland State University may soon cause visible changes to downtown Cleveland’s landscape. According to two sources close to the university, CSU is in negotiations to acquire two large apartment properties that would allow it to more than double its inventory of on-campus student housing.
Read MoreCSU looks to double its on-campus housing Read More »
There appear to be seven applicant real estate projects across the state that may apply for funding from a new state intended to support megaprojects. But one notable project may sit out this application round.
Read MoreCleveland & Columbus to field nearly all of the TMUDs Read More »
