DevelopOhio

The vision for a revitalized downtown that Hudson City Council and a group of citizens had over 10 years ago is a reality today, thanks to a public-private partnership in which the city financed infrastructure projects with tax increment financing (TIF), the Hudson Hub Times reports. Before the partnership, “the downtown historic core was on the decline,” according to the article. That vision “was to create a revitalized downtown core that maintained Hudson’s historic character and charm, yet added vibrancy and life, making Hudson a destination for people across Northeast Ohio.” The city established a $7 million, 10-year TIF in 2004 to fund infrastructure improvements that included roads, sidewalks, a public parking terrace, electric, water and public greens. As a result of these improvements and the partnership with Hudson Village Finance Corporation, “First & Main was transformed from an underutilized property” into what is now “a place where families come to shop, eat, work and play.” For more, read the full article.