Attorney General Mike DeWine should be commended for putting together a comprehensive manual regarding legal issues, resources and incentives available to assist with economic development. The manual is called the 2015 Ohio Economic Development Manual.
The Attorney General collaborated with a number of state agencies and local economic development organizations in putting together
A key issue in brownfield redevelopment relates to proper valuation of property that is contaminated. As discussed below, Ohio does recognize that contamination is a relevant factor that should be considered in determining a properties value. However, other than recognizing it is a relevant factor, Ohio has failed to develop a consistent and reasonable
I previously posted about the new $20 million dollar cleanup fund created to address old gas stations. The fund with be operated by the Ohio Development Services Agency (ODSA).
The fund will provide up to $100,00 for sampling and $500,000 for cleanup of abandoned gas stations or underground storage tanks that are classified
As part of the 2016-2017 Operating Budget for the Ohio Development Services Agency (ODSA), a new $20 million dollar cleanup fund was created in House Bill 64 to address old gas stations around the state. The money came from remaining Clean Ohio funds.
Abandoned or defunct service stations have always fallen through the cracks
One of the issues that has prevented local governments from being more aggressive in addressing brownfields has been liability concerns associated with existing environmental contamination. Prior to 2009, some local governments learned the hard way that placing their name in the chain of title as an "owner" exposed the local government to liability under CERCLA
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Last week, we hosted a very successful seminar covering commercial and industrial property redevelopment. I participated on a panel that included JobsOhio, the City of Cleveland and TeamNEO discussing brownfield redevelopment, in particular, incentives. A major focus of the discussions was the relatively new JobsOhio Revitalization Program.
I have worked with JobsOhio on
The federal government is the nation’s largest property owner. It holds over 900,000 buildings and structures totaling three billion square feet.
In 2010, the federal government spent more than 1.5 billion dollars to maintain approximately 77,000 underutilized and vacant properties. Another 14,000 properties are no longer used by the federal government and could be
I have written before regarding the flaws in Ohio’s automatic ten year tax abatement for brownfield cleanups. In my prior post, I discussed both timing issues and exclusion of new buildings/improvements from coverage under the tax abatement.
Over the years, as I have dealt with this law in practice for clients, another reality has
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On October 22nd, Kristi Tanner, a managing director of JobsOhio presented regarding Ohio’s new brownfield redevelopment incentive program which will replace Clean Ohio. Many in the brownfield redevelopment community have been anxiously awaiting the roll-out of the new program.
According to Ms. Tanner, JobsOhio will start discussing potential projects now, but awards under the new
This past spring, the Kasich Administration put another $15 million in grant funding into the Clean Ohio program. (See prior post). While a public announcement has yet to be made regarding grant awards for the remaining $15 million, it is my understanding that the money is allocated. Announcements may be made next week at