Cleveland: Water for Tax Revenues

The City of Cleveland is talking with suburban Aurora about a trade of water for a piece of Aurora's tax revenues generated by new development. Cleveland is proposing that the deal be accomplished through a joint economic development district (JEDD), which is authorized by Ohio law.

Other Portage County communities are no so excited by the idea. Why? Because their water bill make increase if Aurora moves to Cleveland water.

This is just one of many of the types of situations arising as communities within a region explore new options for growth and development. Infrastrucure issues are likely to become bigger issues for growing communities like Aurora. Meanwhile, central cities like Cleveland are looking for new ways to generate cash to stay afloat. Stay tuned.

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