Hamilton Mill Redevelopment Project Receives Tax Credit and Financing
What happened
Bloomfield/Schon is leading the redevelopment of the historic Shuler & Benninghofen Woolen Mill in Hamilton’s Lindenwald neighborhood. The approximately $29 million project plans to convert the former mill into 127 apartments and about 5,000 square feet of commercial space. The Butler County Finance Authority is using a capital lease arrangement to reduce sales taxes on eligible building materials.
From journal-news.com
Why it matters
The project received a $3.5 million Ohio Historic Preservation Tax Credit. Joshua Smith, President and CEO of the BCFA, noted that the financing tools provided help make the rehabilitation possible, alongside city incentives and developer investment.
The project is part of a larger effort to redevelop historic properties in the area.
From journal-news.com
Who's involved
- Joshua SmithPresident and CEO of the Butler County Finance Authority (BCFA)
- OhioState providing a Historic Preservation Tax Credit for the project
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- How could the historic mill redevelopment in Hamilton affect Mike DeWine?Ohio historic tax credit supports Hamilton mill redevelopmentLikely
- Ohio tax credit helps fund Hamilton's historic mill redevelopmentOhio's historic preservation tax credit facilitates $29 million Hamilton redevelopmentLikely
- How could the redevelopment of the historic Woolen Mill affect Connie Pillich?Hamilton County prosecutor may oversee major mill redevelopmentPossible
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The entities involved
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Cincinnati
city in Ohio, United States; county seat of Hamilton County
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Joshua Smith
Australian soccer coach (born 1987)
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