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

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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Cleveland’s real estate revs up for first time since March

It’s as if someone turned the electricity back on and got the gears of Greater Cleveland’s real estate sector turning again. Today, NEOtrans heard from a real estate professional about that surge and began asking around to see if other experts in the business locally were experiencing the same thing. Turns out they were.

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More hints about the future Sherwin-Williams HQ+R&D

Every few days I sift through hundreds of newly filed Cleveland Building Department records to see if something new and interesting was posted. Invariably there’s something worth noting there, like the filing yesterday by Parma-based Gazde LLC for an “ice cream/coffee shop with axe-throwing” at 5807 Detroit Ave., next to the temporarily closed Happy Dog bar.

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Lincoln-Heights-section-Tremont

Chicago developer buys land to kick-off a new neighborhood in Tremont

A Chicago developer this week has acquired about one acre of land to construct a new multi-family building on a stretch of West 25th Street that’s been in between destinations for a long time. But the project could trigger more investment that might make this section of Tremont’s Lincoln Heights neighborhood an actual destination.

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Downtown soccer stadium project takes a time-out

A 10,000-seat soccer stadium proposed to be built in downtown Cleveland is on hold until pandemic-hurt finances improve among backers of the project so they can acquire a site for it.

Last spring, the Ohio Department of Transportation began soliciting responses from prospective real estate brokers or auctioneers to help it dispose of at least 30 acres of land it owns immediately south of the Inner Belt section of Interstate 90 next to Ontario Street. The goal was to put the land on the market in November.

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