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Ohio Urban Development Division

Agenda ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Urban Development Division ,[object Object],[object Object],[object Object],[object Object]

Ohio’s Urban Opportunity Demographic and market demand are shifting towards urban living

Ohio’s Urban Opportunity Demographic shifts ,[object Object],[object Object],[object Object]

Ohio’s Urban Opportunity Market Demand shifts ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Ohio’s Urban Opportunity ,[object Object],[object Object],[object Object],[object Object]

Dense Cities with Focused Infrastructure and Institutions

Ohio’s Urban Opportunity ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Phoenix vs. Cleveland Phoenix 1950 Population: 106,818 Population Rank: 99 1950 Population Density: 6,247 1950 Land Area: 17.1 sq. miles 2000 Population: 1,321,045 2000 Population Density: 2,781.9 2000 Land Area: 474.86 sq. miles Cleveland 1950 Population: 914,808 Population Rank: 7 1950 Population Density: 12,197 1950 Land Area: 75.0 sq. miles 2000 Population: 478,403 2000 Population Density: 6,166.5 2000 Land Area: 77.58 sq. miles

Blythe, California City in Eastern California Population:12,155 Population Density: 501.5/sq mi

Marietta, Ohio Population: 14,515 Population Density:1,747.0/sq mi

Ohio’s Urban Opportunity State National Register of Historic Places Entries 1. New York 4,995 2. Massachusetts 4,074 3. Ohio 3,782 4. Virginia 3,634 5. Pennsylvania 3,235 6. Texas 3,058 7. North Carolina 2,630 8. California 2,416 9. Georgia 1,974 10. Michigan 1,707

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],The Urban Development Division

Problem: Environmentally Contaminated Site

Tools: Environmentally Contaminated Site ,[object Object],[object Object],[object Object],[object Object],[object Object]

Clean Ohio Revitalization Fund ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Clean Ohio Assistance Fund ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Brownfield Revolving Loan Fund ,[object Object],[object Object],[object Object],[object Object],[object Object]

Tool: Ohio New Market Tax Credits CF Ware Coffee Building, Dayton ,[object Object],[object Object],[object Object],[object Object]

Federal New Market Tax Credits ,[object Object],[object Object],[object Object]

Problem: Historic Expenses Terminal Tower, Cleveland

Overview of the Program ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Approved Applicants Marietta Peebles Piqua Port Clinton Sandusky Springfield St. Clairsville Tiffin Toledo Urbana Youngstown Akron Canton Chillicothe Cincinnati Cleveland Columbus Dayton Elyria Hamilton Lebanon Lima Marion

Eligibility Requirements ,[object Object],[object Object],[object Object],[object Object]

What is Rehabilitation? ,[object Object],[object Object],[object Object],[object Object]

Eligible Expenses ,[object Object],[object Object],[object Object],[object Object]

Restoring Historic Streets: Euclid Ave, Cleveland ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Terminal Tower, Cleveland

Restoring Historic Neighborhoods: Over-the-Rhine, Cincinnati ,[object Object],[object Object],[object Object],[object Object],Terminal Tower, Cleveland Over-the-Rhine, Cincinnati

[object Object],[object Object],[object Object],[object Object],Restoring Historic Downtowns: Piqua, Ohio Terminal Tower, Cleveland Over-the-Rhine, Cincinnati Fort Piqua Hotel

Round 3 ,[object Object],[object Object],[object Object],[object Object],[object Object]

Round 4 ,[object Object],[object Object],[object Object],[object Object],[object Object]

Regional Distributive Balance – 20% ,[object Object],[object Object],[object Object]

Potential Economic Impact – 80% ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Other Historic Preservation Tax Credit Use Examples ,[object Object],[object Object],[object Object],[object Object],[object Object]

Before: The Fort Piqua Hotel ,[object Object],[object Object],[object Object],[object Object]

Success Story: The Fort Piqua Hotel ,[object Object],[object Object],[object Object]

Fort Piqua Hotel: Clean Ohio Revitalization Fund ,[object Object],[object Object]

Fort Piqua Hotel: New Market Tax Credit ,[object Object]

Fort Piqua Hotel: Historic Preservation Tax Credits ,[object Object],[object Object]

Why was it successful? ,[object Object],[object Object],[object Object],[object Object]

The Lesson: You Can Do It Too!!

Urban Development Division ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

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Editor's Notes