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...
Real Estate
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...
The Rise of the Virtual Real Estate Market
As companies like Meta (formerly Facebook), Google, HTC and others make significant strides in the field of virtual reality (VR), science fiction is becoming a little less fiction. The types of virtual experiences popularized by blockbusters including Tron, The Matrix...
Biden’s Tax Focus Moves From 1031 to New Issues Affecting Real Estate
In July, we wrote about how President Biden’s Green Book had proposed limitations on IRS Section 1031 Exchanges. That focus may have changed recently. It is anyone’s guess which policies from President Biden’s new tax plan will survive Congress, but on September 13,...
White House Introduces Housing Affordability Plan
Earlier this month, the Biden administration unveiled a plan to shift policy in order to expand affordable housing. The administration’s plan comes in response to a severe housing shortage that existed prior to the COVID-19 pandemic and is exasperated by rising lumber...
Supreme Court Ends Federal Eviction Ban
Late Thursday, the U.S. Supreme Court blocked the Centers for Disease Control and Prevention (CDC) from enforcing the Biden administration’s federal eviction moratorium on renters during the pandemic. In an unsigned opinion, the Court wrote: “Congress was on notice...