Monday, January 27, 2025

Bedrock Riverfront Wins Greater Cleveland’s only TMUD

A conceptual rendering of Bedrock’s Rock and Roll Land hotel-topped entertainment
center at right, overlooking Collision Bend in the Cuyahoga River. Later phases of
the Bedrock’s riverfront development are seen to the left (Adjaye Associates).
CLICK IMAGES TO ENLARGE THEM.

It seems $100 million doesn’t go as far as it used to. At least it didn’t today when the Ohio Tax Credit Authority awarded $100 million in Transformational Mixed Use Development (TMUD) tax credits to just nine projects statewide. Northeast Ohio won two — Greater Cleveland got just one of those. And that was the last of four rounds of TMUDs authorized by the Ohio General Assembly unless some previous awards aren’t used and are made available.

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