Tuesday, January 9, 2024

Cleveland seeks urban core tax-increment financing district

Officials and families gathered June 29, 2021 for the Wendy Park pedestrian-
bike bridge ribbon cutting ceremony. More urban core public infrastructure
projects like this could be afforded with the city’s proposed tax increment
financing district. But some are concerned that services and infrastructure
in neighborhoods away from downtown will be neglected (Cuyahoga
County). CLICK IMAGES TO ENLARGE THEM.

Cleveland’s biggest source of tax base is its downtown which supports services and infrastructure in the rest of the city. City officials are seeking to leverage investments in its urban core to create a feedback loop to support downtown and other neighborhoods. But not everyone is convinced this is a good thing for the rest of the city and cynics are seeking more information and research before deciding.

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