Canton establishes ESID, approves tax exemption for Hall of Fame Village Hotel II project

Canton City Council has approved a tax-exemption deal that will allow the owners of Hall of Fame Village Doubletree Canton “to make service payments rather than pay real estate taxes” on the taxable value of physical improvements to the hotel, CantonRep.com reports. To “lay ground work for the tax-exemption ordinance,” city officials established a Canton Regional Energy Special Improvement District (ESID) as “part of the PACE (Property Assessed Clean Energy) legislation,” according to the article. Property owners within the ESID are able to finance energy efficiency improvements through assessments against the property. For more, read the full article.

Energy Efficiency, Financial Incentives, Project Finance, State Updates