Huron officials committed to redevelopment of former ConAgra site

Matt Lasko, Huron’s new city manager, has “vaulted” redeveloping the 11-acre waterfront former ConAgra property to the top of his to-do list, informing city officials “they should expect some forthcoming legislation on a possible infrastructure plan there,” The Sandusky Register reports. Lasko said redevelopment of the site could include “a mix of uses with adequate public space and access woven through the site,” according to the article. He wants to release requests for proposals for interested companies to submit their ideas for development, and “stressed how the public can provide input and feedback on any publicly submitted plans.” City officials will move forward with on-site utility connectivity in the meantime. For more, read the full article.

Economic Development, State Updates

Daimler Group to build $19.2M office building at Hamilton Quarter

The Hamilton Quarter mixed-use development is adding a new $19.2 million office building to its offerings; Daimler Group will “build the five-story 141,000-square-foot building” on Dublin Granville Road, Columbus Business First reports. The speculative office building “has flexible capabilities with larger scale floor-plates” and “will have prominent frontage right on Route 161 with signage potential,” according to the article. Columbus City Council approved a “10-year, 75% property tax abatement for the cost of the building,” saving the developer $4.2 million over 10 years, “while Columbus City Schools would receive an estimated $4.9 million over a 20-year period.” For more, read the full article.

Economic Development, Financial Incentives, State Updates

Lame duck results in energy-efficiency deductions for public buildings and airport development districts

New legislation enacted during the recent lame duck session of the General Assembly may alter the allocation of the federal income tax deduction granted for the design and installation of energy-efficient commercial building fixtures. Substitute Senate Bill 259, signed by Governor DeWine on January 9, 2021, requires public entities to allocate the energy-efficient buildings tax deduction to designers of public buildings upon such designers' requests. (Note that public entities are prohibited from accepting fees, payments, or any other consideration for allocating the deduction.) After receiving an allocation request, the public entity has 15 days to respond, otherwise, the request is treated as though it was approved. For more, read the full article.

Economic Development, Energy Efficiency, Financial Incentives, State Updates

O’Shaughnessy Dam hydro plant to generate power for Columbus again

An aging Central Ohio hydropower unit is expected to be operational again by mid-2023, after Columbus City Council recently approved $15.3 million in bond money for repairs to the plant at O’Shaughnessy Dam, The Columbus Dispatch reports. The dam’s hydro-generators “began producing power in 1987 under a federal program to reduce reliance on foreign oil” but were shut down in 1987 due to disrepair, according to the article. The generators will be removed, cleaned, inspected and refurbished as needed, while control panels and switches “will be upgraded to state-of-the-art technology.” The 5-megawatt plant could “potentially power thousands of homes.” For more, read the full article.

Renewable Energy, State Updates

Perkins Township “poised for growth” despite challenges of pandemic

While some of Perkins Township’s original plans for 2020 had to be revised or delayed, the outlook for 2021 is hopeful, the Sandusky Register reports. The township’s community development department’s “most significant planning activity in 2020” involved the finalization of its comprehensive plan update, according to the article. The department is providing guidance on the proposed reinvestment in the Sandusky Mall complex and the redevelopment of vacant industrial property on Hayes Avenue. The development of new roads “in the vicinity of Sam’s Club Way and Baywinds Drive that will provide access to commercially zoned properties” will enable the future development of those properties. For more, read the full article

Economic Development, State Updates

Loges named first economic development director for New Albany

The City of New Albany has hired Michael Loges as its first economic development manager, ColumbusCEO reports. Loges, who previously served as the senior economic development project manager for the Central Ohio Transit Authority, “will contribute to the Community Development Department and market the community to attract businesses worldwide,” according to the article. His experience also includes roles as a business development specialist for the City of Columbus and as a special projects manager for the Ohio Development Services Agency. For more, read the full article.

Economic Development, State Updates

Kingsdale Shopping Center project will benefit Upper Arlington, Schoeny says

A redevelopment of the former Macy’s building in Upper Arlington’s Kingsdale Shopping Center “would bring a windfall to the city,” and city manager Steve Schoeny “has sought to keep the momentum going” on the project, Columbus Business First reports. Continental Real Estate plans a mixed-use development “including apartments, senior living, offices, restaurants” and space that could possibly be used as a community center, according to the article. Upper Arlington derives 57% of its budget from income and property taxes, with office space generating higher taxes, but only about 1% of land in the city is zoned for office use. Schoeny, who also lives in Upper Arlington, said outside schools and roads, the project is “our most complex community asset investment, maybe ever.” For more, read the full article.

Economic Development, State Updates

Developer investing $1.75M in two spec buildings for Piqua industrial park

The Sherry Development Company and Ferguson Construction are building “two 20,000-square-foot buildings on spec in the Paul Sherry Industrial Park” in Piqua at an estimated project value of $1,751,390, the Dayton Daily News reports. Chris Schmeising, community and economic development director for Piqua, said the build “will open opportunities for local businesses to expand or new businesses to locate in Piqua,” according to the article. The industrial park, which is zoned for industrial uses, is home to Allied Coating, Miami Valley Steel, AM Leonard Tool & Supply and Atlantis Sportswear, among others. For more, read the full article.

Economic Development, State Updates

“Landmark” Arlington Gateway mixed-use development scheduled to begin work

Demolition in advance of construction of the “landmark development” Arlington Gateway project on Lane Avenue is scheduled to begin in February 2021, with “deep foundation work” planned the following month, ThisWeek Community News reports. Arlington Gateway will create 225 luxury apartments, office space, retail and restaurant space, and a seven-story parking garage, according to the article. Steve Schoeny, Upper Arlington city manager, calls the project “a rare opportunity . . . and a significant development accomplishment for the city.” Current projections indicate the site will generate approximately $500,000 in annual income tax, with expected increases over time. For more, read the full article.

Economic Development, State Updates

New “transformational mixed use development” state tax credits

Taxpayers can now access a new, nonrefundable insurance premium tax credit for capital contributions to certain “transformational mixed use developments” (TMUDs). Amended Substitute Senate Bill 39, a piece of legislation finished during the recent lame duck session and signed into law by Ohio Governor DeWine on December 29, 2020, allows property owners or insurance companies to apply to the Ohio Tax Credit Authority for certification and preliminary approval of tax credits against taxes imposed on insurance companies under R.C. Section 5725.18 or R.C. SECTION 5729.03. The Tax Credit Authority is limited to awarding $100 million per year (with individual projects capped at $40 million each). Rural areas received a set-aside under the legislation of $20 million per year in available tax credits. Once awarded, the tax credits may be sold or transferred to raise capital for certified projects. To be eligible, projects must meet four requirements. For more, read the full article. See our post from January 7, 2021 for more on Senate Bill 39.

Economic Development, Financial Incentives, State Updates
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