The latest word is that the Steelyard Commons Walmart decided they want to play nice (actually very nice) and not take their allowable tax abatements for the new Steelyard Commons store. Instead, they are looking to set up a Job and Opportunities Zone in Tremont, setting aside grant money and advertising money to help local businesses in Tremont thrive, grow or start up. For more information, see my Active Rain post here.
Update: here is an audio podcast of Mayor Frank Jackson explaining the significance of Walmart opting out of the tax abatement (ten year) available to them. The podcast is courtesy of Cleveland.com.
Peace Out – 3C
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