Wednesday, March 2, 2022

Local megaprojects win, miss TMUD awards

Dollar-wise, the largest application for a Transformational Mixed
Use Development tax credit was the Centennial at Euclid Avenue
and East 9th Street in downtown Cleveland. It sought and won
the maximum credit — $40 million (Millennia).

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.


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