A study of financial incentives in Columbus that found the city “has been too generous with tax breaks in the Short North,” but developers say those incentives are necessary for the kind of development that’s been happening in that area, The Columbus Dispatch reports. Mike Schiff of Schiff Capital said the reason “the Short North and the urban development in Columbus, Ohio is one of the hottest in the United States” is that “the city has been on board to help make that happen.” Tax incentives for “struggling areas such as the Hilltop, Near East Side and Linden,” however, “aren’t enough to make most residential developments profitable,” the study says. The study recommends dividing Columbus neighborhoods “into three tiers, with the city tailoring incentives for each one,” offering different incentives in areas such as the Near East Side than it does in the Short North. For more, read the full article.
Study says Columbus “has been too generous” with some tax breaks; developers disagree
