I don't typically like to post any bad news about OTR, but I thought this one was important enough to report. 3CDC found out that they will not be getting the $3.8 million dollars in funding from the Ohio Historic Preservation tax credit program they applied for. It sounds as if the program ran out of money and lots of people are upset with the state for not implementing a fair application process.
Unfortunately for 3CDC this money was going to be important for some of the new upcoming projects for buildings in OTR.
3CDC has not yet come up with a new plan for coming up with the money they were counting on having, but hopefully they'll be able to pull through and continue smoothly.
Saturday, March 15, 2008