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Economic Development Division
150 S. Front Street, Suite 220
Columbus, Ohio 43215

614-645-8616

Homeport_logoInfrastructure Improvement

"The thoughtful creation and execution of the 3P model is the backbone process by which Homeport is redeveloping the American Addition neighborhood.  Homeport believes that the 3P process is another example of a catalytic tool that demonstrates Mayor Coleman's commitment to revitalizing neighborhoods.  It's been Homeport's experience that the key to the success of the 3P process lies within the City staff who are committed to finding solutions to challenges in real estate development."

Craig F. Murphy, Vice President, Homeport

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•  Downtown Streetscape Improvements: Funding targeted toward streetscape improvement projects that enhance commercial and residential development in Downtown Columbus.
Capital Improvement Funds: Funds from the City's Capital Improvement Budget used to assist with the cost of public infrastructure improvements required to support new commercial development projects.  
Urban Infrastructure Recovery Fund: The UIRF is a funding program targeted toward addressing the capital improvement needs of central city neighborhoods. City- and Area Commission-approved priority lists outlay projects for implementation over a five-year period.
Tax Increment Financing: Funding mechanism used to establish special districts wherein all new property tax revenues generated as a result of new development are captured and re-invested into that same area.
• A Special Improvement District (SID) is an economic tool which allows property owners and merchants within a defined geographical boundary to band together to use the City’s assessment powers to assess themselves.  ( click for more information)