Friday, July 8, 2022

Megaproject candidates — a partial list

The Artisan, a 24-story apartment building, towers over Chester Avenue in
Cleveland’s University Circle. It is just one of a handful of large structures
planned or under construction in the massive Circle Square development
that is seeking for the second time a state tax credit intended to help such
complicated, expensive projects round out their financing packages (KJP).

While a complete list of applicants for so-called “megaproject” tax credits won’t be available until sometime next week, NEOtrans has learned who a few of the local applicants are and aren’t, including at least one surprise. The deadline was today at 5 p.m. for submitting applications to the Ohio Department of Development for the second round of Transformational Mixed Use Development (TMUD) tax credits that could total $100 million worth of awards.


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