Ohio Governor Announces $110 Million for Mixed-Use Projects, Anticipating $1.3 Billion in Investments

Ohio Governor Mike DeWine and Ohio Department of Development Director Lydia Mihalik today announced state support for 13 mixed-use development projects, projected to generate over $318 million in new payroll and $1.3 billion in investments across Ohio. This initiative aims to foster vibrant communities and economic growth throughout the state.

Over $110 million in state funding is being allocated through the fifth round of the Transformational Mixed-Use Development Program (TMUD). This funding will support projects in 10 communities, with seven specifically targeting major cities. Governor DeWine said, "Ohio's continued success depends on communities that are vibrant, welcoming, and ready for growth."

Key projects include the revitalization of Cincinnati's 4th and Walnut Center, the conversion of vacant office space in Cleveland’s Atrium I into new housing, the expansion of Dublin’s Bridge Park, and the creation of a 22-acre lakefront district in Sandusky. Lydia Mihalik, director of the Ohio Department of Development, said, "The Transformational Mixed-Use Development Program gives communities the tools to turn ambitious ideas into reality."

The TMUD program, established with support from the Ohio General Assembly, offers tax credits for new construction or improvements to vacant buildings. Eligible developments must combine retail, office, residential, recreation, or hotel uses. Previous rounds of the program have already awarded $400 million to 49 projects, leading to nearly $4.9 billion in new payroll and $8.3 billion in investments statewide.