City of North Ridgeville Community Reinvestment Area Housing Council Meeting Agenda Packet 2026-05-19
Riddell Maintains Long-Term TIF Agreement With City
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Description
North Ridgeville continues to support Riddell, Inc. through a long-term tax increment financing agreement that grants a 25-year tax exemption and a 50% income tax rebate up to the abated amount through 2034. The TIF remains an active economic development tool for the company’s local facility.
Contract Details
Vendor
RIDDELL INC.
Agency
City of North Ridgeville, OH
Contract Type
FINANCIAL_SERVICES
Document Date
May 19, 2026
Contract Term
25 year tax exemption through 2034; 50% income tax rebate up to the abated amount
Renewal Date
2034-12-31
Renewal Info
TIF agreement structured as a 25-year tax exemption with a 50% income tax rebate up to the abated amount, scheduled to run through 2034. No amendments or extensions are noted in the 2025 report.
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