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Committee places TIF ordinances for 159 South Main and Bowery on consent; staff says developments now on tax rolls
Summary
Akron planning committee heard staff explain two tax-increment financing ordinances covering 159 South Main and the Bowery redevelopment, citing Ohio Revised Code sections 5709.41–5709.43, and approved placing both items on the consent agenda.
The Akron City Council Planning Committee reviewed two tax-increment financing (TIF) ordinances affecting downtown redevelopment projects—the 159 South Main development and the Bowery development—and moved both items to the consent agenda for approval.
Clerk Sarah Viviano read item 10 as an ordinance declaring improvements at 159 South Main to be a public purpose, exempting them from real property taxation and providing for…
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