Apr 19, 2022 | News, Newsletter
Newark’s Historic Downtown continues to embrace revitalization with the Historic Rehabilitation of the glass roofed Historic Arcade.
Over the past eight years, the private/public investment into Downtown Newark has grown to approximately $130,000,000. Highlights of various Historic building rehabs, streetscape, sewer/storm water separation project, Hilton Doubletree rehab and much more are included in the revitalization efforts. Now, with the help of over 35 donors, State & Federal Historic Tax Credits, Transformational Mixed-Use Development Tax Credits and other programs, Newark will undergo a $15,000,000 Historic Rehab of the Arcade.
Apr 18, 2022 | News, Newsletter
The City of Strongsville was recently successful in securing $1.6 Million in support through the help of Congressman Anthony Gonzales and U.S. Senator Sherrod Brown in federal community project funding to upgrade and replace outdated stormwater infrastructure, which impacts homeowners, drivers, and businesses along Prospect Road.
Apr 18, 2022 | News, Newsletter
The Newark Arcade Project, a Montrose Group client, was one of 13 projects awarded the highly competitive Ohio Transformational Mixed Used District (TMUD) tax credit by the Ohio Tax Credit Authority on March 2, 2022. The Ohio Tax Credit Authority approved these awards as part of the $100 million first round of the state’s new TMUD Program. The Ohio Department of Development reported there were $417 M worth of applications.
Apr 14, 2022 | News, Newsletter
The Wilmington Air Park was ranked the highest volume airport in Ohio for cargo shipped for 12 consecutive months as of the end of 2021. That volume also makes it the 25th busiest airport in the United States based on pounds of freight transiting the airport. The volume of freight processed at the airport, according to the Bureau of Transportation Statistics, is 512 million pounds for the 12-month period through December 2021.
Mar 28, 2022 | News, Newsletter
Last month, during Black History Month, a month dedicated to learning more about Black history, Uptown Consortium, Inc. (UCI) kicked off a new video series to celebrate Black culture and shine a spotlight on the unique Black-owned businesses in Uptown. There are all kinds of ways to celebrate, but one of the most meaningful ways is to put your dollars where it counts and support Black-owned businesses all year long.
