Cincinnati City Council member would like to add TDDs to toolbox for infrastructure

Transportation development districts (TDDs) could be an effective tool for Cincinnati as well other Ohio communities to fund public transportation infrastructure projects, Cincinnati Councilman Jeff Pastor writes in an opinion article for the Cincinnati Business Courier. Pastor “researched how other cities solve their transportation infrastructure problems,” and found TDDs can “[f]und, promote, plan, design, construct, improve, maintain and operate one or more projects or assist in doing so,” according to the article. He cited a Missouri TDD that funded the expansion of U.S. Route 36 to four lanes across four rural counties, using “revenue from a half-cent sales tax.” Pastor’s hope is that the Ohio General Assembly will “pass legislation that gives communities the opportunity to create TDDs so they have another tool to grow, prosper and sharpen our competitive edge.” For more, read the full article.

Economic Development, Project Finance, State Updates