Monday, January 29, 2024

NE Ohio wins two transformational tax credits

Playhouse Square Foundation was Cleveland’s only applicant for a Trans-
formational Mixed Use Development tax credit. It won nearly $2 million
to pay for recent and ongoing redevelopment projects in the theater
district (Google). CLICK IMAGES TO ENLARGE THEM.

Out of eight Northeast Ohio development projects that applied for Transformational Mixed Use Development (TMUD) tax credits from the state, only two of them received the awards, the Ohio Department of Development announced today. This was the third year of the four-year TMUD program with $100 million available in TMUD tax credits each year.

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