Monday, December 24, 2007

ODOD changes status on Glencoe-Auburn

The Ohio Department of Development (ODOD) has changed the status of an application for historic tax credits for a historic rehabilitation project in Mount Auburn.

Dorian Development has applied for $16 million in Ohio Historic Preservation Tax Credits to turn the long-vacant Glencoe-Auburn Place Row Houses and the former Glencoe-Auburn Hotel into at least 68 units of market-rate housing.

The application has been put on a 45-day notice, meaning that either ODOD or the Ohio Historic Preservation Office have found it lacking in key information.

Failure to provide the proper information within the notice period could lead to denial of the application.

Finding funding has been a consistent problem for the $20.5 million project, which was first announced in 2004.

The City had promised funds to fix the concrete courtyards and other infrastructure around the project, even lining up enough votes to get an ordinance passed. However, funds that could have been diverted to the project were not included in the City budget.

The district, which abuts Christ Hospital, was listed on the National Register of Historic Places in 2004.

In related news, two new applications were received by ODOD for two projects in Over-the-Rhine:

* 1537-1539 Race Street, owned by 3CDC, seeking $4.9 million for a $9.7 million project
* 1346 Broadway, privately owned, seeking $200,000 to fund entire project

Previous reading on BC:
Urban Ohio: Fantastic Glencoe-Auburn Place photos (11/21/07)
Inwood Village project seeking preservation tax credits (9/26/07)


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