The document discusses Ohio's urban development opportunities and tools to support redevelopment. It highlights Ohio's dense cities and historic assets as well as programs like the Clean Ohio Fund, Brownfield Revolving Loan Fund, New Market Tax Credits, and Historic Preservation Tax Credits. A success story of the Fort Piqua Hotel redevelopment using these tools is also provided.
The document discusses Ohio's urban development opportunities and tools to support urban revitalization. It notes demographic and market trends favoring urban living. Ohio has dense cities with infrastructure and institutions well positioned to capitalize on these shifts. The state offers various funding programs and tax credits to support brownfield redevelopment and historic preservation projects. One success story highlighted the redevelopment of the Fort Piqua Hotel in Piqua, Ohio using Clean Ohio funds, New Market Tax Credits, and Historic Preservation Tax Credits.
The Mohawk Towpath Scenic Byway quarterly meeting discussed various organizational matters. The minutes and treasurer's report were adopted. The name of the project account was changed and the old website was approved to be discontinued. Committees outlined in the business plan still need volunteers. Municipal partners were asked to link to the new Byway website. A letter of support was drafted for a blue water trail on the Mohawk River. Upcoming events include the annual duathlon and involvement in the Erie Canal bicentennial celebrations. The next meeting will be in October with the January meeting as a possible annual luncheon.
City Propositions A-E on the November 6, 2012 ballot in Houston proposed $410 million in bonds for capital improvement projects. The bonds would fund (1) public safety improvements including new police and fire stations, (2) park renovations and facilities, (3) health, sanitation, and recycling facilities, (4) library renovations, and (5) affordable housing development. The proposed bonds were the smallest amount in over 30 years and would not require a tax increase. The funds would go towards critical maintenance and repairs of aging city infrastructure and facilities.
Historic preservation investments are revitalizing economies and adding jobs around the nation. Preservation expert Donovan Rypkema shares lots of data and his own thoughts about the role of preservation in boosting economic success.
Enjoy this lecture from the 2013 Placemaking Conference in Norman, Oklahoma, hosted by The University of Oklahoma Institute for Quality Communities on April 3, 2013.
Donovan Rypkema is a leading voice in historic preservation. He is Principal of PlaceEconomics, specializing in services for clients who are dealing with neighborhood revitalization and the reuse of historic structures.
The document is a guidebook created by an NYU consulting team for the development of Lingang City in Shanghai, China. It examines Lingang's development and identifies best practices from case studies of other cities. The guidebook covers topics like livability, sustainability, tourism, and branding. For each topic, it provides an introduction and analyzes examples from cities such as Chicago, Reykjavik, Sotteville-lès-Rouen, and Medellin to draw lessons for Lingang's future development.
The document provides an overview and statistics about development in downtown Jacksonville in 2011. It notes that 12 projects totaling $187 million were completed in 2011, including improvements to several parks and public spaces. Several new projects were also announced representing over $567 million in proposed development. Overall, downtown saw increased momentum in 2011 with strengthened commitment from the mayor and city council to improve the area.
This document provides a development report and strategy for redeveloping the former EPCAL site in Riverhead, NY into a mixed-use development. It discusses the history of the site and problems with previous development attempts. The goals of the proposed strategy are to create jobs, revenue for the town, and a sustainable "city within a city" that is self-sufficient. The strategy calls for multifamily housing, retail, entertainment, office space, and public areas laid out under a new zoning plan. It aims to attract knowledge-based companies and leverage nearby resources like Stony Brook University to create synergy.
The document discusses Ohio's urban development opportunities and tools to support urban revitalization. It notes demographic and market trends favoring urban living. Ohio has dense cities with infrastructure and institutions well positioned to capitalize on these shifts. The state offers various funding programs and tax credits to support brownfield redevelopment and historic preservation projects. One success story highlighted the redevelopment of the Fort Piqua Hotel in Piqua, Ohio using Clean Ohio funds, New Market Tax Credits, and Historic Preservation Tax Credits.
The Mohawk Towpath Scenic Byway quarterly meeting discussed various organizational matters. The minutes and treasurer's report were adopted. The name of the project account was changed and the old website was approved to be discontinued. Committees outlined in the business plan still need volunteers. Municipal partners were asked to link to the new Byway website. A letter of support was drafted for a blue water trail on the Mohawk River. Upcoming events include the annual duathlon and involvement in the Erie Canal bicentennial celebrations. The next meeting will be in October with the January meeting as a possible annual luncheon.
City Propositions A-E on the November 6, 2012 ballot in Houston proposed $410 million in bonds for capital improvement projects. The bonds would fund (1) public safety improvements including new police and fire stations, (2) park renovations and facilities, (3) health, sanitation, and recycling facilities, (4) library renovations, and (5) affordable housing development. The proposed bonds were the smallest amount in over 30 years and would not require a tax increase. The funds would go towards critical maintenance and repairs of aging city infrastructure and facilities.
Historic preservation investments are revitalizing economies and adding jobs around the nation. Preservation expert Donovan Rypkema shares lots of data and his own thoughts about the role of preservation in boosting economic success.
Enjoy this lecture from the 2013 Placemaking Conference in Norman, Oklahoma, hosted by The University of Oklahoma Institute for Quality Communities on April 3, 2013.
Donovan Rypkema is a leading voice in historic preservation. He is Principal of PlaceEconomics, specializing in services for clients who are dealing with neighborhood revitalization and the reuse of historic structures.
The document is a guidebook created by an NYU consulting team for the development of Lingang City in Shanghai, China. It examines Lingang's development and identifies best practices from case studies of other cities. The guidebook covers topics like livability, sustainability, tourism, and branding. For each topic, it provides an introduction and analyzes examples from cities such as Chicago, Reykjavik, Sotteville-lès-Rouen, and Medellin to draw lessons for Lingang's future development.
The document provides an overview and statistics about development in downtown Jacksonville in 2011. It notes that 12 projects totaling $187 million were completed in 2011, including improvements to several parks and public spaces. Several new projects were also announced representing over $567 million in proposed development. Overall, downtown saw increased momentum in 2011 with strengthened commitment from the mayor and city council to improve the area.
This document provides a development report and strategy for redeveloping the former EPCAL site in Riverhead, NY into a mixed-use development. It discusses the history of the site and problems with previous development attempts. The goals of the proposed strategy are to create jobs, revenue for the town, and a sustainable "city within a city" that is self-sufficient. The strategy calls for multifamily housing, retail, entertainment, office space, and public areas laid out under a new zoning plan. It aims to attract knowledge-based companies and leverage nearby resources like Stony Brook University to create synergy.
Historic Preservation Workshop Presentation September 2009Heritage Ohio
The document discusses Ohio's urban development opportunities and tools to support urban revitalization. It notes demographic and market trends favoring urban living. Ohio has dense cities with infrastructure and institutions well positioned to capitalize on these shifts. The state offers various funding programs and tax credits to help redevelop brownfields and historic buildings, including the Clean Ohio Fund, New Market Tax Credits, and Historic Preservation Tax Credits. An example project describes the successful redevelopment of the historic Fort Piqua Hotel using several of these state programs.
This document provides an agenda and overview for a tax credit workshop hosted by Heritage Ohio in Springfield, Ohio. The agenda includes presentations on how tax credits work, developer stories, structuring deals, preparing applications, Ohio's urban opportunities, and financing deals. It discusses the goals of using various tax credits to encourage the reuse of historic buildings and outlines the benefits of historic preservation in terms of improving quality of life, creating jobs, and contributing to local economies through tourism. Examples of successful historic tax credit projects in Ohio are also highlighted.
This document provides an agenda and overview for a tax credit workshop hosted by Heritage Ohio in Springfield, Ohio. The agenda includes presentations on how tax credits work, developer stories, structuring deals, preparing applications, Ohio's urban opportunities, and financing deals. It discusses the goals of using various tax credits to encourage the reuse of historic buildings and outlines the benefits of historic preservation in terms of improving quality of life, creating jobs, and contributing to local economies through tourism. Examples of successful historic tax credit projects in Ohio are also highlighted.
http://development.ohio.gov/UD/OHPTC/
Urban Development Division
William Murdock, Director
Mark Lundine, Ohio Historic Tax Credit Coordinator
Phone: 614-995-2292
E-mail: historic@development.ohio.gov
The cultural assets and heritage of Ohio's Appalachian region are strengths that local leaders should strive to capitalize upon. Successful small town redevelopment is dependent upon integrating the arts and historic rehabilitation. During this session, learn how stakeholders in Ohio are working toward building vibrant communities that attract new businesses, new residents, and more visitors.
Innovative Financing Tools to Support Mixed Income Transit Oriented DevelopmentVirtual ULI
This document discusses innovative financing tools to support mixed-income transit-oriented development. It describes a transit-oriented development (TOD) fund established in Denver, Colorado to provide financing for land acquisition and affordable housing development near light rail stations. The fund is a collaboration between the Urban Land Conservancy, Enterprise Community Partners, and the City of Denver. It has $15 million in financing from various public and philanthropic sources and will support the development of over 1,200 affordable homes near transit over 10 years. The document also discusses the benefits of transit-oriented development and the opportunities it provides for mixed-income communities.
Mark Lundine, Ohio Department of Development, presented this presentation at the Heritage Ohio Historic Tax Credit Workshop in Springfield, Ohio on May 6, 2011.
Collins Balcombe from the US Bureau of Reclamation discusses the new WIIN Act for the 2020 Central Texas Water Conservation Symposium hosted by the Texas Living Waters Project.
Introducing the Artisan District July 2015Jack Illes
The document summarizes an area in Downtown Los Angeles called the Artisan District. It is located near the University of Southern California, Exposition Park, Staples Center, and has access to public transportation including light rail and bus lines. The area is poised for growth with major investments in surrounding neighborhoods, a growing residential population, and potential for new artisanal and creative businesses.
The document summarizes the transformation of Center City Philadelphia from a declining downtown area in the mid-20th century to a vibrant 24-hour downtown. Key points include the founding and original design of Philadelphia in the 17th century, its decline due to deindustrialization and suburbanization in the 1950s-1970s, and recent revitalization efforts including residential conversion, improvements to public spaces, growth of arts/culture/hospitality, and establishment of the Center City District. These coordinated efforts have attracted new residents, jobs, and visitors, making Center City a successful model of post-industrial urban redevelopment.
Case study of the creation of the Orrick Global Operations Center in Wheeling, WV. This project consolidated technology, finance and human resources in one location, increased productivity and saved millions of dollars annually.
A Tale of Two CRAs: How Community Redevelopment Agencies in Florida Implement...garrjacobs
This is a discussion of the CRA system in Florida and how it can be used to fund development of Healthy Communities. Focusing on programs and development types that are traditionally outside of normally funding sources from Sewer infrastructure and alternative storm water treatment to new treads in Public housing.
This is the presentation to a webinar hosted by the AIA Housing Knowledge Community and the Open Architecture Collaborative. Originally aired on 12/4/17.
An Integrated Approach to Stabilization: Defining Holistic Preservationgreaterohio
Greater Ohio Policy Center's Executive Director, Lavea Brachman, gave this plenary presentation at the "Historic Preservation in America's Legacy Cities" conference in Cleveland on June 6th, 2014.
Sustainable Coastal Development: Finding Certainty in Uncertain TimesOregon Sea Grant
The document discusses key trends and challenges facing cities including globalization, climate change, technological innovation, aging infrastructure, and changing demographics. It analyzes population and employment changes in various cities between 1970-2020 and investment in areas like venture capital and university research. Quality of life factors like parks, culture and education are also examined. Lessons for cities include the need for leadership, a clear vision and goals, institutional capacity, transparency, appropriate financing, land control, design excellence, and public trust in development partnerships.
9/8 THUR 12:15 | Keynote Ellen Dunham-JonesAPA Florida
U.S. home prices have dropped 33% since 2006, with 28% of homes underwater. Many shopping malls and strip malls are vacant or struggling. However, Florida continues approving over 2500 amendments for future development. Retrofitting existing developments is proposed as an alternative to perpetuating sprawl. Strategies include redevelopment, reinhabitation, re-greening, and removing obstacles to retrofitting. Examples demonstrate transforming malls, offices, and strips into walkable mixed-use areas with housing, parks, and transit. Further policies, tools, and research can advance the retrofitting of suburban areas.
The document discusses opportunities for a statewide preservation organization in Ohio. It notes that over 6 million Ohioans live outside the major metropolitan areas of Cleveland, Columbus, and Cincinnati, where local preservation organizations are staffed. There is a need and potential for a statewide group to serve these "other" areas of Ohio and help foster local preservation efforts. The document also sees opportunities for the statewide organization to collaborate with the local groups in the major cities. It concludes that Ohio has one of the lowest rates of membership in statewide preservation organizations, representing an opportunity for growth.
Transforming Legacy Cities for the Next Economygreaterohio
This document summarizes a report by the Greater Ohio Policy Center on legacy cities in Ohio. It discusses indicators used to measure the strength of 18 legacy cities, and finds that some cities like Philadelphia, Pittsburgh and Baltimore have shown signs of regeneration since 2000 while others like Detroit and Cleveland have continued losing population. It also examines strategies that have helped legacy cities leverage assets like focusing investment in viable neighborhoods and downtown areas. Critical challenges discussed include rising inequality, the need for stronger regional cooperation between cities.
Shining cities on a hill or lights under a bushelgreaterohio
This presentation discusses strategies that some legacy cities in Ohio and other regions are using to address challenges related to population loss and economic transformation. These include targeting investments in viable neighborhoods, focusing on downtown redevelopment, repurposing vacant land, leveraging anchor institutions, developing new economic sectors like technology, taking regional approaches, and building opportunities for low-income and minority populations. While some cities show signs of regeneration, continued challenges include overall population loss, high vacancy rates, income and racial disparities, and attracting and retaining young educated residents.
Historic Preservation Workshop Presentation September 2009Heritage Ohio
The document discusses Ohio's urban development opportunities and tools to support urban revitalization. It notes demographic and market trends favoring urban living. Ohio has dense cities with infrastructure and institutions well positioned to capitalize on these shifts. The state offers various funding programs and tax credits to help redevelop brownfields and historic buildings, including the Clean Ohio Fund, New Market Tax Credits, and Historic Preservation Tax Credits. An example project describes the successful redevelopment of the historic Fort Piqua Hotel using several of these state programs.
This document provides an agenda and overview for a tax credit workshop hosted by Heritage Ohio in Springfield, Ohio. The agenda includes presentations on how tax credits work, developer stories, structuring deals, preparing applications, Ohio's urban opportunities, and financing deals. It discusses the goals of using various tax credits to encourage the reuse of historic buildings and outlines the benefits of historic preservation in terms of improving quality of life, creating jobs, and contributing to local economies through tourism. Examples of successful historic tax credit projects in Ohio are also highlighted.
This document provides an agenda and overview for a tax credit workshop hosted by Heritage Ohio in Springfield, Ohio. The agenda includes presentations on how tax credits work, developer stories, structuring deals, preparing applications, Ohio's urban opportunities, and financing deals. It discusses the goals of using various tax credits to encourage the reuse of historic buildings and outlines the benefits of historic preservation in terms of improving quality of life, creating jobs, and contributing to local economies through tourism. Examples of successful historic tax credit projects in Ohio are also highlighted.
http://development.ohio.gov/UD/OHPTC/
Urban Development Division
William Murdock, Director
Mark Lundine, Ohio Historic Tax Credit Coordinator
Phone: 614-995-2292
E-mail: historic@development.ohio.gov
The cultural assets and heritage of Ohio's Appalachian region are strengths that local leaders should strive to capitalize upon. Successful small town redevelopment is dependent upon integrating the arts and historic rehabilitation. During this session, learn how stakeholders in Ohio are working toward building vibrant communities that attract new businesses, new residents, and more visitors.
Innovative Financing Tools to Support Mixed Income Transit Oriented DevelopmentVirtual ULI
This document discusses innovative financing tools to support mixed-income transit-oriented development. It describes a transit-oriented development (TOD) fund established in Denver, Colorado to provide financing for land acquisition and affordable housing development near light rail stations. The fund is a collaboration between the Urban Land Conservancy, Enterprise Community Partners, and the City of Denver. It has $15 million in financing from various public and philanthropic sources and will support the development of over 1,200 affordable homes near transit over 10 years. The document also discusses the benefits of transit-oriented development and the opportunities it provides for mixed-income communities.
Mark Lundine, Ohio Department of Development, presented this presentation at the Heritage Ohio Historic Tax Credit Workshop in Springfield, Ohio on May 6, 2011.
Collins Balcombe from the US Bureau of Reclamation discusses the new WIIN Act for the 2020 Central Texas Water Conservation Symposium hosted by the Texas Living Waters Project.
Introducing the Artisan District July 2015Jack Illes
The document summarizes an area in Downtown Los Angeles called the Artisan District. It is located near the University of Southern California, Exposition Park, Staples Center, and has access to public transportation including light rail and bus lines. The area is poised for growth with major investments in surrounding neighborhoods, a growing residential population, and potential for new artisanal and creative businesses.
The document summarizes the transformation of Center City Philadelphia from a declining downtown area in the mid-20th century to a vibrant 24-hour downtown. Key points include the founding and original design of Philadelphia in the 17th century, its decline due to deindustrialization and suburbanization in the 1950s-1970s, and recent revitalization efforts including residential conversion, improvements to public spaces, growth of arts/culture/hospitality, and establishment of the Center City District. These coordinated efforts have attracted new residents, jobs, and visitors, making Center City a successful model of post-industrial urban redevelopment.
Case study of the creation of the Orrick Global Operations Center in Wheeling, WV. This project consolidated technology, finance and human resources in one location, increased productivity and saved millions of dollars annually.
A Tale of Two CRAs: How Community Redevelopment Agencies in Florida Implement...garrjacobs
This is a discussion of the CRA system in Florida and how it can be used to fund development of Healthy Communities. Focusing on programs and development types that are traditionally outside of normally funding sources from Sewer infrastructure and alternative storm water treatment to new treads in Public housing.
This is the presentation to a webinar hosted by the AIA Housing Knowledge Community and the Open Architecture Collaborative. Originally aired on 12/4/17.
An Integrated Approach to Stabilization: Defining Holistic Preservationgreaterohio
Greater Ohio Policy Center's Executive Director, Lavea Brachman, gave this plenary presentation at the "Historic Preservation in America's Legacy Cities" conference in Cleveland on June 6th, 2014.
Sustainable Coastal Development: Finding Certainty in Uncertain TimesOregon Sea Grant
The document discusses key trends and challenges facing cities including globalization, climate change, technological innovation, aging infrastructure, and changing demographics. It analyzes population and employment changes in various cities between 1970-2020 and investment in areas like venture capital and university research. Quality of life factors like parks, culture and education are also examined. Lessons for cities include the need for leadership, a clear vision and goals, institutional capacity, transparency, appropriate financing, land control, design excellence, and public trust in development partnerships.
9/8 THUR 12:15 | Keynote Ellen Dunham-JonesAPA Florida
U.S. home prices have dropped 33% since 2006, with 28% of homes underwater. Many shopping malls and strip malls are vacant or struggling. However, Florida continues approving over 2500 amendments for future development. Retrofitting existing developments is proposed as an alternative to perpetuating sprawl. Strategies include redevelopment, reinhabitation, re-greening, and removing obstacles to retrofitting. Examples demonstrate transforming malls, offices, and strips into walkable mixed-use areas with housing, parks, and transit. Further policies, tools, and research can advance the retrofitting of suburban areas.
The document discusses opportunities for a statewide preservation organization in Ohio. It notes that over 6 million Ohioans live outside the major metropolitan areas of Cleveland, Columbus, and Cincinnati, where local preservation organizations are staffed. There is a need and potential for a statewide group to serve these "other" areas of Ohio and help foster local preservation efforts. The document also sees opportunities for the statewide organization to collaborate with the local groups in the major cities. It concludes that Ohio has one of the lowest rates of membership in statewide preservation organizations, representing an opportunity for growth.
Transforming Legacy Cities for the Next Economygreaterohio
This document summarizes a report by the Greater Ohio Policy Center on legacy cities in Ohio. It discusses indicators used to measure the strength of 18 legacy cities, and finds that some cities like Philadelphia, Pittsburgh and Baltimore have shown signs of regeneration since 2000 while others like Detroit and Cleveland have continued losing population. It also examines strategies that have helped legacy cities leverage assets like focusing investment in viable neighborhoods and downtown areas. Critical challenges discussed include rising inequality, the need for stronger regional cooperation between cities.
Shining cities on a hill or lights under a bushelgreaterohio
This presentation discusses strategies that some legacy cities in Ohio and other regions are using to address challenges related to population loss and economic transformation. These include targeting investments in viable neighborhoods, focusing on downtown redevelopment, repurposing vacant land, leveraging anchor institutions, developing new economic sectors like technology, taking regional approaches, and building opportunities for low-income and minority populations. While some cities show signs of regeneration, continued challenges include overall population loss, high vacancy rates, income and racial disparities, and attracting and retaining young educated residents.
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Sense Levent Kagithane Catalog - Listing TurkeyListing Turkey
Sense Levent offers a luxurious living experience in the heart of Istanbul’s vibrant Levent district.
This cutting-edge development seamlessly integrates modern design with natural elements, featuring live evergreen plants maintained by an advanced irrigation system, ensuring lush greenery year-round.
The building’s elegant ceramic balconies are both stylish and durable, enhancing the overall aesthetic and functionality. Residents can enjoy the 700m Sky Lounge, which provides breathtaking views of Istanbul and a perfect space to relax and unwind.
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Early investors can take advantage of discounted units during the construction phase, with an expected capital appreciation of +45% USD upon completion. Property Turkey provides comprehensive rental management services, ensuring a seamless and profitable investment experience.
Additionally, robust legal support and significant tax advantages are available through Property Turkey’s licensed Real Estate Investment Fund. Levent is a dynamic urban hub, ideal for young professionals with its numerous corporate headquarters and shopping malls.
Sense Levent is more than just a residence; it’s a place where dreams and opportunities come to life. Contact us today to secure your place in this exclusive development and experience the best of Istanbul living. Sense Levent: Sense the Opportunity. Live the Dream.
https://listingturkey.com/property/sense-levent/
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2. Agenda
Ohio’s Urban Opportunity
A Success Story
Tools That Can Help:
• Clean Ohio Fund
• Brownfield Revolving Loan Fund
• New Market Tax Credits
• Historic Preservation Tax Credits
3. Urban Development Division
Removing obstacles to the sustainable revitalization of
Ohio’s urban places & buildings with:
- Innovative Financing
- Critical Resources
- Redevelopment Expertise
5. Ohio’s Urban Opportunity
Demographic shifts
• Currently, the two largest
demographic groups are 20-29
and 45-55
• US population is projected to grow
by 100 million in 40 years
• By 2030, every five-year age
group younger than 75 will be
roughly equal size
6. Ohio’s Urban Opportunity
Market Demand shifts
Market Demand for housing shifting to higher density
o National Association of Realtors study shows nearly 2/3rds of demand
for housing in the next generation will be higher density
Housing close to transit
o By 2025, more than 15 million will demand housing close to transit
New and replacement housing will dominate
o By 2030 over half of all existing development will have been built after
2000.
7. Ohio’s Urban Opportunity
Ohio is well positioned to take advantage of
these shifting demands:
Dense Cities with Focused Infrastructure and
Institutions
Great Historic Assets
Statewide Tools and Resources
9. Ohio’s Urban Opportunity
Ohio’s Downtowns and Urban Areas have:
19 of the 27 Fortune 500 companies from Ohio
• Ohio ranks 5th nationally amongst states on the Fortune 500
Many universities and colleges
• Columbus has the second highest per capita student
population in the US
All 7 of Ohio’s professional sports teams
Ohio’s nationally recognized Arts and Cultural
Institutions
10. Phoenix vs. Cleveland
Phoenix Cleveland
1950 Population: 106,818 1950 Population: 914,808
Population Rank: 99 Population Rank: 7
1950 Population Density: 6,247 1950 Population Density: 12,197
1950 Land Area: 17.1 sq. miles 1950 Land Area: 75.0 sq. miles
2000 Population: 1,321,045 2000 Population: 478,403
2000 Population Density: 2,781.9 2000 Population Density: 6,166.5
2000 Land Area: 474.86 sq. miles 2000 Land Area: 77.58 sq. miles
21. The Urban Development Division
Helps take blighted properties from vacancy to
redevelopment through:
• Grants
• Clean Ohio Fund
• Tax Credits
• Historic Preservation Tax Credits
• New Market Tax Credits
• Loans
• Brownfield Revitalization Fund
23. Tools: Environmentally Contaminated Site
• Grants
• Clean Ohio Revitalization Fund: Up to $3 million
• Clean Ohio Assistance Fund: Up to $750,000
• Loans
• Brownfield Revolving Loan Fund: Up to $1 million
24. Clean Ohio Revitalization Fund
Known End User Track Redevelopment Ready
•Max $3 million grant Track
•Max $2 million grant
•Acquisition
•Environmental Cleanup
•Environmental Cleanup
•Demolition
•Demolition
•Infrastructure – minimum
needed
25. Clean Ohio Assistance Fund
• Focused on Priority
Investment Areas
• Assessment Focused
• Ongoing approvals
• Grant amounts
$300,000 Assessment grants
$750,000 Cleanup grants
26. Brownfield Revolving Loan Fund
• Eligible property – includes residential,
institutional, schools
• Loans of up to $1 million
• Below market rates
• Non-competitive program
• Loans made to property owner
29. Tool: Ohio New Market Tax Credits
•New Program, $10 million per
year
•Up to $1 million in state tax
credits per project
•Provides tax credits to
investors to create below
market rate investments for
Ohio businesses
CF Ware Coffee Building, Dayton
•Gives Ohio a competitive
advantage nationally
30. Federal New Market Tax Credits
•Began in 2000
•Awarded $21 billion in tax credits nationally
•Created to enhance investments in
businesses and real estate projects in low-
income communities throughout the country
32. Overview of the Program
Provides tax credits for the rehabilitation of historic
buildings
Program administered by the Dept. of Development,
Ohio Historical Society and Dept. of Taxation
Approved $200 million in tax credits to 89 applicants in
23 different cities
Additional tax credits are available:
$17.5 million for FY 2010 (July 1, 2009)
$24.2 million for FY 2011 (January 1, 2010)
33. Akron Approved Applicants Marietta
Canton Peebles
Chillicothe Piqua
Cincinnati Port Clinton
Cleveland Sandusky
Columbus Springfield
Dayton St. Clairsville
Elyria Tiffin
Hamilton Toledo
Lebanon Urbana
Lima Youngstown
Marion
34. Eligibility Requirements
1. Applicant is the owner of the building and non-
governmental entity
2. The property is a historic building
3. Work is consistent with the U.S. Secretary of the
Interior’s Standards for Rehabilitation
4. Tax credit is a major factor in rehabilitating the
building or increased level of investment
35. What is Rehabilitation?
Protects and maintains historic building materials
and character defining features
Allows for a compatible new use of the building
Can involve replacement of extensively damaged
features
Ability to construct additions onto the structure
36. Eligible Expenses
Subsidizes 25% of Qualified Rehabilitation
Expenditures (QRE) up to a project cap of $5 million.
QRE can include:
Hard construction costs (HVAC, plumbing,
electrical, windows)
Some soft costs (design, engineering, site
surveys, legal fees, developer fees)
37. Restoring Historic Streets: Euclid Ave, Cleveland
11 approved applications along historic
Euclid Avenue
Strategic priority area for Cleveland
New $200 million bus rapid transit system
along Euclid Ave connects:
Two largest employment centers
(Public Square and Cleveland Clinic)
Universities (Cleveland State, Case Western
Reserve and Cleveland Institute of Art)
Cultural Attractions (Severance Hall and
Terminal Tower, Cleveland
Playhouse Square)
38. Restoring Historic Neighborhoods:
Over-the-Rhine, Cincinnati
13 approved applications in Over-the-Rhine
Decades of disinvestment
Largest collection of Italianate architecture in US
Strategic link between downtown and University of
Cincinnati
Over-the-Rhine, Cincinnati
Terminal Tower, Cleveland
39. Restoring Historic Downtowns: Piqua, Ohio
17 approved applications in
historic downtowns of small
Ohio cities
Spurs local reinvestment in
downtown area’s
Fort Piqua Hotel was vacant
and deteriorating
Public library, coffee shop and
restaurant now occupy the
building
Over-the-Rhine, Cincinnati
Terminal Tower, Cleveland Fort Piqua Hotel
40. Round 3
o Application Deadline was September 30th, 2009
o 55 applications were received from 13 different cities
o $XXXX million in total project investment
o $XXXX million in tax credits were requested
o Application Approval Announcement: December 31, 2009
41. Round 4
Round 4
$24.2 million will be available
Application Deadline: March 31, 2010
Application Approval Announcement: June 30, 2010
Projects will be evaluated on potential economic
impact and regional distributive balance
42. Regional Distributive Balance – 20%
Economic Development Region
Jurisdictional Balance
County Per Capita Balance
43. Potential Economic Impact – 80%
Financing and Speed of Development
Financing Secured, Leveraged Investment, Jobs Created,
Timeliness to Completion
Quality of Property
Physical Scope, End Use, Vacant Property, Green Building
Quality of Place
Strategic Plan in Place, Benefit to Low Income, Economic
Development Innovation Zone
44. Other Historic Preservation Tax Credit
Use Examples
• Theatre (Hanna Theatre)
• Hotel (Shawnee Place)
• Steam Plant (Dayton Power and
Light Building)
• School (Old Ohio Deaf School)
• Department Store (Higbee Dept
Store)
45. Before: The Fort Piqua Hotel
•Built in 1891,National
Register of Historic
Places
•Several redevelopment
efforts stalled due to
funding difficulties
•Vacant and blighted
•Presence of asbestos
and other hazardous
contaminants
48. Success Story: The Fort Piqua Hotel
• $20 million dollar
rehabilitation for a
20,000 person
community
• Fully occupied by a
library, restaurant,
coffee shop and
banquet facility
• A community focal
point
49. Fort Piqua Hotel: Clean Ohio
Revitalization Fund
•$1,358,546 grant
from the Clean Ohio
Revitalization Fund
•Used grant for
asbestos removal,
removal of other
hazardous chemicals
50. Fort Piqua Hotel: New Market
Tax Credit
• $5.8 Million Federal New Market Tax Credits
51. Fort Piqua Hotel: Historic Preservation
Tax Credits
•Total Tax Credit:
$3.6 million
•Type of Tax Credit
Received: State and
Federal
52. Why was it successful?
• Library (Long-Term Lease)
• Compatible Uses (Coffee Shop and Library
integration)
• Community and Private Support Up Front
• Infrastructure Already in Place