School board seeks input on TIF proposal
Before the Cleveland Board of Education votes on tax increment financing, or TIF, for a development project, CMSD is informing the public and collecting feedback that will guide the decision.
The board will vote Tuesday, Aug. 22 to accept or reject tax increment financing for nuCLEus, a proposed downtown development that would include retail shops, restaurants, offices, a hotel, condominiums and apartments. The board will review the proposal at a work session on Tuesday, Aug. 8.
The TIF would allow use of additional property taxes from the project over 30 years to pay development expenses.
CMSD is explaining the request through eight community meetings that end Aug. 6, mailings, telephone calls, social media and information posted on the District website.
The board also is conducting an online survey through Aug. 7. The survey, meeting schedule and other information may be found at www.clevelandmetroschools.org/nuCLEus.
Thomas Ott is director of the CMSD News Bureau