Ohio Mixed-Use Development Projects Expected to Spur $1.3 Billion in Community Investments

More than $110 million in state support is being awarded through the fifth round of the Transformational Mixed-Use Development Program, supporting projects across 10 communities, including seven major city projects. 

"Ohio's continued success depends on communities that are vibrant, welcoming, and ready for growth," said Governor DeWine. "Through the Transformational Mixed-Use Development Program, we're proud to help our local partners reimagine these properties as places where families can live, friends can gather, and Ohio's next generation of entrepreneurs can invest in their futures."

The projects announced today include the reimagining of the 4th and Walnut Center in Cincinnati, the transformation of vacant office space inside Cleveland’s Atrium I building into new housing and other uses, the expansion of Dublin’s Bridge Park, and a 22-acre lakefront district in Sandusky. 

"The Transformational Mixed-Use Development Program gives communities the tools to turn ambitious ideas into reality," said Lydia Mihalik, director of the Ohio Department of Development, which administers the program. "These projects will attract new investment, expand housing and business opportunities, and create stronger, more vibrant communities across Ohio." 

The Transformational Mixed-Use Development program was created with support from the Ohio General Assembly.  

The tax credit can be used to help finance new construction and/or improvement of vacant buildings. Development properties eligible for the tax credit must include a combination of retail, office, residential, recreation, or hotel and hospitality uses in one mixed-use development.  

Major city projects must be located within 10 miles of a corporation limit of Columbus, Cleveland, Cincinnati, Toledo, Akron, and Dayton. Projects that do not meet this location criteria are considered general projects. 

During the first four rounds of TMUD, Development awarded $400 million to 49 projects in 31 communities, resulting in nearly $4.9 billion in new payroll and $8.3 billion in investments across the state.