Now is the time of year when counties are publishing, mailing or providing notices of property assessments as required by Ohio law. Ohio Revised Code 5715.17 provides that counties must give notice that valuation revisions have been completed and are open for public...
Real Estate
U.S. Supreme Court Limits EPA’s Authority to Curb Greenhouse Gas Emissions
In a 6-3 opinion, the high court struck a major blow to the United States Environmental Protection Agency (the EPA), ruling the EPA cannot provide states with the right to issue regulations reducing the amount of carbon dioxide emissions from existing power plants....
City of Cleveland Property Tax Abatement: The Study, Key Findings and Recommendations
The Study In the summer of 2019, Cleveland’s Office of Community Development and the Equitable Community Development Working Group commissioned a study (the “Study”) to identify the historic usage of the City’s Tax Abatement Program (the “Program”), as well as the...
Downtown vs. Suburban Offices: Commercial Office Space Leasing in a Post-COVID Market
Twenty-seven months ago, we couldn’t begin to comprehend the length or severity of the pandemic, nor its long-term effect on commercial office space. Today, it is still not possible to make an accurate prediction, but a few emerging puzzle pieces are helping to shed...
Ohio Brownfield Remediation Program: Increasing Economic Potential Through Incentivized Community Investments
Ohio recently announced the first round of grant awards for the state’s Brownfield Remediation Program. Ohio dedicated nearly $350 million for the program administered by the Ohio Department of Development through the 2021 state biennium budget bill, House Bill 110...
Gov. Mike DeWine Signs Landmark Property Tax Reform Bill
A property tax reform effort that originally commenced in 2018 in the Ohio House of Representatives has been signed into law by Governor Mike DeWine and will go into effect in mid-to-late July 2022. House Bill 126 (HB 126) was sponsored by Representative Derrick...
Has an Innovative Mode of Transportation Solved the Burke Lakefront Airport Debate?
eVTOL Vehicles Create New Possibilities in Aviation Following years of innovation in aviation, battery and computing technologies, a new mode of transportation has emerged: the electric vertical takeoff and landing vehicle, or “eVTOL vehicle.” These striking machines...
What Does the Supreme Court’s Ruling on Section 401 Mean for Residential and Commercial Developers?
The Clean Water Act and Section 401 In 1948, Congress passed the Federal Water Pollution Control Act (FWPCA) as the first rendition of a law intended to address growing pollution of American waters. By 1972, increased awareness of severe water pollution issues and...
Impact of New Intel Chip Factory in Central Ohio
Central Ohio will soon welcome further growth in the tech market. Intel recently announced plans to begin construction in late 2022 and chip production in 2025 at the world’s largest chip-making complex in New Albany that will provide many benefits, but some...
Ohio Property Tax Reform Bill Passes Through State Senate
Ohio’s latest property tax reform effort, Ohio House Bill 126, made it through the Senate this week and is now headed back to the House for a concurrence vote on Senate changes. As passed by the Senate, H.B. 126 would eliminate the contentious practice of school...