A vacant factory at the heart of Cleveland’s push to bring jobs back to the East Side. Another downtown Cleveland office tower earmarked for a partial residential overhaul. The former Quaker Oats grain silos in Akron. And a cluster of long-vacant buildings in Massillon.
Those are a few of the Northeast Ohio properties poised for revival thanks to a round of competitive state historic tax credits awarded Wednesday. Thirteen projects in News 5’s coverage area collectively won $43.6 million in credits, which help developers fill financing gaps and attract investors to challenging preservation deals.
Across the state, the Ohio Department of Development pledged $86.2 million in tax credits to 37 historic rehabilitation projects this week. The department awards credits twice a year. Property owners don’t receive any money until their projects are complete…