Cincinnati approves TIF for $500M District at Clifton Heights development

One of the largest real estate development projects in the Greater Cincinnati area, the District at Clifton Heights, will proceed after Cincinnati City Council unanimously approved a development agreement that will “provide $80 million in tax increment financing (TIF) funds to the developers to pay for public infrastructure and parking improvements,” the Cincinnati Business Courier reports. The first phase of the mixed-use development will include the “already completed 351-unit student housing project known as the Deacon,” another approximately 380-unit student housing project, a 160-room hotel and commercial space. The second phase will include commercial space, 350 residential units, and both public and private parking. The total investment in the project is expected to be about $500 million. For more, read the full article.

Economic Development, Financial Incentives, State Updates