PACE funding will help $45M Fairview Park project redevelop former NASA buildings
Fairview Park City Council recently passed three ordinances that will allow Ceres Enterprises to use $15 million in Property Assessed Clean Energy (PACE) financing on its $45 million redevelopment of two historic NASA buildings, West Life News reports. The mixed-use development will include a boutique hotel, an apartment complex, an event space, offices and conference rooms, according to the article. A third, new building will house a restaurant and additional hotel rooms. The project was previously awarded an Ohio Historical Preservation Tax Credit. Mayor Patrick Cooney called the project “a gateway to our city” and said it will bring jobs and new residents. For more, read the full article.
