Correction to Jan. 23 LWV CH-UH Board of Education meeting highlights
The League of Women Voters’ column in the March issue of the Heights Observer, "Cleveland Heights-University Heights Board of Education meeting highlights," for Jan. 23, contained incorrect information about the Tax Increment Financing (TIF) proposed for the Top of the Hill project. This incorrect information also appeared in the online version of the story “Cleveland Heights makes progress on economic development initiatives,” by Deanna Bremer Fisher.
Scott Wortman, coordinator of communications for the CH-UH City School District, provided the correct information in an e-mail: "At present, the schools receive $21,000 annually on the vacant properties, which they will continue to receive through the life of the TIF. In addition, the district will receive an additional $400,000 annually as soon as the project is completed until the 30-year TIF expires. At the end of the 30-year TIF the district will receive 100 percent of property taxes on the value of the project. Additionally, the district will receive 100 percent of any new levies passed after the project is completed."
Deanna Bremer Fisher
Deanna Bremer Fisher is executive director of FutureHeights and publisher of the Heights Observer.