Ohio awards nearly $40 million in historic tax credits

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Ohio awards nearly $40 million in historic tax credits
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'It's pretty mind-blowing to think that this building was originally constructed in the 1870s and now here in 2022 we're repurposing it for using cutting edge technology.'

ELYRIA, Ohio — In total, the Ohio Department of Development announced Wednesday it is awarding $39,874,792 in Ohio Historic Preservation Tax Credits for rehabilitation projects in 19 communities located in 16 counties.

"It's pretty mind-blowing to think that this building was originally constructed in the 1870s and now here in 2022 we're repurposing it for using cutting edge technology," said Stephanie Mercado the project director."It's a mixed-use project that is a combination of e-sports gaming, commercial office space and multi-family.

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