Ohio Awards Millions In Historic Tax Credits

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COLUMBUS, Ohio (AP) — Ohio has awarded nearly $28 million in tax credits to help rehabilitate 39 historic buildings around the state.

The Ohio Development Services Agency on Tuesday awarded $27.8 million in historic-preservation tax credits to 26 applicants. The agency says the projects are expected to leverage more than $261 million in private investments in 14 communities.

Agency Director David Goodman says restoring and preserving the buildings will help revitalize neighborhoods and downtowns. Most of the buildings currently are vacant.

Developers won’t receive the credits until their projects are completed and have met all program requirements.

The projects include a hotel constructed in 1908 in Toledo and a Cincinnati building built in 1930 that was once the Crosley Radio Corporation headquarters and home to the company’s design and manufacturing operations.