Northeast Ohio Projects Win State Historic Preservation Tax Credits

Dec 20, 2017

Eight projects in Northeast Ohio have won the latest round of state historic preservation tax credits.

Northeast Ohio will claim the biggest chunk of the tax credits, with about $9.8 million newly awarded out of the $28.4 million given out this round.

The state also set aside credits in this round for the Goodyear headquarters building in Akron, Union Trust building on Euclid Avenue and May Company building on Public Square, three local projects that received large allotments of credits over several years.

The biggest project on the list is 75 Public Square, a century-old, 15-story building next to the Old Stone Church in downtown Cleveland.

The development won $5 million in tax credits. When the work is done, the building is expected to house 119 residential units with retail space on the ground floor.

Almost $1.5 million in tax credits will help turn the vacant Central School in Amherst into an assisted living home. 

The state is giving more than $1 million in tax credits to redevelop the College Club of Cleveland on Overlook Road in Cleveland Heights. The mansion and brick carriage barn will be turned into apartments.

About $1 million in tax credits will help put 49 apartments in the Grossman Paper Box Company building on Superior and East 18th Street.

The Fox Buick Sales Building in Cuyahoga Falls, Hilliard Block in Cleveland’s Warehouse District and St. Vladimir Ukrainian Orthodox Church in Cleveland’s Tremont neighborhood each won about a quarter million dollars in credits.

Some projects didn’t make the cut, such as proposals for the Terminal Tower, Agora Theatre and Cleveland Masonic Temple.

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