Outside counsel explains CRA mechanics, says data centers typically not 'mega projects'
Caleb Bell of Bricker Graydon explained Community Reinvestment Areas and development agreements during a July 21 work session, saying CRAs allow 0–100% tax exemptions for up to 15 years and that data centers generally do not meet the payroll threshold to qualify as state-designated 'mega projects.'
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At a July 21 work session following the regular meeting, Caleb Bell of the law firm Bricker Graydon told City officials and the public that Community Reinvestment Areas (CRAs) are a statutory tool that enable local governments to offer property-tax exemptions in exchange for development agreements.
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