Fourteen Cincinnati redevelopment projects awarded millions in historic preservation tax credits

Eleven projects in Cincinnati’s Over-the-Rhine neighborhood were awarded historic preservation tax credits by the state of Ohio, encouraging redevelopment in that community.  The projects were among 48 statewide and 14 in Cincinnati that received historic tax credit awards totaling more than $77 million. The Over-the-Rhine projects are all in the 1400 blocks of Race and Vine streets and represent a total investment of $12.9 million.  Also receiving tax credit awards in Cincinnati were a $20.5 million project to renovate the Glencoe-Auburn Row Houses in Mount Auburn, a $20.3 million project to renovate the former American Can building in Northside and a $30.4 million project to renovate the former Cincinnati Enquirer building downtown.  Cincinnati Mayor Mark Mallory says the award program is “a strategic investment by the state that will fuel redevelopment in Ohio’s major cities. Cincinnati is fortunate to have a large number of historic buildings, and those buildings provide a tremendous opportunity for urban renewal and job creation.” Writer: David HolthausSource: Eileen Turner, Ohio Department of Development