The generators providing electricity to a 13-state grid stretching from New Jersey to Illinois, including Ohio, will get a record $269.92 per megawatt-day from utilities to provide capacity over a 12-month period, which is...more
Last month, U.S. Senate Energy and Public Works Committee Chairman Shelley Moore Capito (R-WV) and U.S. Senator Mark Warner (D-VA) have reintroduced the bipartisan Rural Historic Tax Credit Preservation Act (S. 631). At a...more
Ohio has emerged as a key player in the Midwest’s economic development, particularly in the realms of technology and infrastructure. A standout feature of the state’s growth is the rise of data centers, which have become...more
3/6/2025
/ Artificial Intelligence ,
Cloud Computing ,
Cryptocurrency ,
Data Centers ,
Economic Development ,
Energy Sector ,
Infrastructure ,
Internal Revenue Code (IRC) ,
Investment ,
Tax Credits ,
Tax Incentives ,
Technology Sector
Cleveland City Council recently commenced the process to create a new nonprofit development agency, known as a New Community Authority (NCA), to administer land and community facility acquisition and development, as well as...more
On July 9, 2024, the Cuyahoga County Fiscal Officer (the County) released the newly appraised values for properties within their jurisdiction. As required by state law, every county in Ohio is required to update property...more
As the Ohio Statehouse works to complete its work on biennial appropriations for public infrastructure projects and one-time strategic community investments, the Ohio Department of Development (ODOD) is in the process of...more
On May 8th, Ohio State Representatives Thomas Hall and Bride Sweeney jointly introduced House Bill 519 to restore the Clean Ohio Revitalization Fund (CORF) and provide for its administration. The CORF is envisioned as a...more
Shortly before the end of the state’s fiscal year on June 30, Ohio legislators are aiming to appropriate over $3.5 billion in infrastructure and development projects as part of the state’s biennial capital budget. Within this...more
Ohio recently joined the majority of states – and many nations – in adopting the International Plumbing, Building, and Mechanical Codes (IPC®, IBC®, and IMC®) in March 2024. These codes are part of the International Codes...more
The recipe for residential apartment success in Cleveland’s central business district has seen significant changes, primarily because a substantial portion of its traditional demand base—those employed in downtown Cleveland’s...more
In January, the U.S. Department of Agriculture’s (USDA) and the Ohio Department of Agriculture (ODA) announced a new cooperative agreement to allocate $12.4 million in Resilient Food Systems Infrastructure Program (RFSI)...more
On November 16, 2023, Congressman Mike Turner (R-OH-10) and Mikie Sherill (D-NJ-11) reintroduced the bipartisan Brownfields Redevelopment Tax Incentive Reauthorization Act (H.R. 6438) (BRTIRA). BRTIRA is designed to provide...more
12/11/2023
/ American Taxpayer Relief Act of 2012 (ATRA) ,
Brownfield Properties ,
Environmental Protection Agency (EPA) ,
Hazardous Substances ,
Historic Preservation ,
Incentives ,
Inflation Reduction Act (IRA) ,
Infrastructure ,
Internal Revenue Code (IRC) ,
Low Income Housing ,
Redevelopment ,
Site Remediation ,
Tax Credits ,
Tax Incentives
Starting this month, Cuyahoga County (the County) begins the daunting task of reappraising every property in the County for the sexennial reappraisal due to be completed in 2024.
As required by state law, every county in...more
In recent times, the U.S. office sector has experienced an unprecedented shift in supply and demand dynamics. Recent Cushman and Wakefield reports suggest that by the end of the decade, there could be an excess of 330 million...more
Ohio’s Brownfield Remediation Program incentive (BRP) was recently enacted by the Ohio General Assembly as part of budget sub-bill Sub. House Bill 33. The BRP is to be funded with $350 million, split among two fiscal years....more
7/7/2023
Cleveland City Council passed Emergency Ordinance 297-2023 (the Ordinance), described as community benefits agreement (CBA) legislation on Monday, June 5th. The Ordinance focuses on improving construction contract work...more
Recently enacted Ohio House Bill 501 (HB 501) expands options for townships desiring to create a tax increment financing (TIF) incentives agreement. Under the HB 501, a township may create a TIF and use payments in lieu of...more
Ohio Senate Bill 33 (S.B. 33), which makes significant changes to the Ohio’s laws regulating Community Reinvestment Area (CRA) incentives, goes into effect April 3, 2023. Introduced in early 2021, S.B. 33 aggressively expands...more
Ohio provides for property tax exemptions for real property held by 501(c)(3) non-profit organizations. However, the exemption is not automatic. The exemption generally applies to real property owned by a qualifying 501(c)(3)...more
Retailers in Cuyahoga County can now apply for Sustainable Store Grants of up to $5,000 to help eliminate plastic checkout bags from their operations. The initiative is being supported by the Cuyahoga County Departments of...more
In today’s world, the word “network” is most likely to evoke references to social media. Twenty years ago, the same word would likely induce thoughts of the expansion of broadband, fiber, and wireless telecommunications to...more
Unexpected inflation and increasing replacement costs could combine to present an unpleasant surprise to your expectations for property insurance coverage in a time of need. Many tend to think of real estate properties as...more
At the height of the COVID-19 pandemic, when consumers were itching to stay fit while stuck at home, the popularity of internet-connected stationary bikes and treadmills that you could use at home skyrocketed. Peloton led the...more
Recent turbulence in various market sectors is creating the need to sharpen analyses and understandings of property tax assessment valuations. In evaluating the need for real property tax assessment appeals, it is critical to...more
Recent zoning and land use developments within the City of Cleveland indicate new thoughts and plans for action along Cleveland’s lakefront and riverfront. While Cleveland’s Lake Erie lakefront has long been the subject of...more