Sunday, May 8, 2022

Megaprojects program gears up for next round

Two high-rise towers at the Circle Square development are under con-
struction in this recent view from Euclid Avenue near East 105th Street
in Cleveland’s University Circle. The 24-story Artisan is well underway
while the 11-story Library Lofts is just getting started in the foreground.
More buildings could soon be added at Circle Square if developer Mid-
west Development Partners applies for a megaprojects tax credit (KJP).

This week, the Ohio Department of Development announced that it is opening round two of its new and popular Transformational Mixed Use Development (TMUD) tax credits program on May 18. Authorized for four years with up to $100 million in tax credits available each year, the deadline for submitting TMUD applications for Fiscal Year 2023 is 4 p.m. July 8.


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