Corridor 75 Park Land Deal in Project Clear Pact
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Description
Monroe plans to enter a development agreement including Corridor 75 Park, LTD as land seller for Project Clear, enabling public infrastructure improvements supported by up to $4.5 million in TIF reimbursements. The associated project is expected to benefit from a 75% CRA tax abatement on improvements for 15 years.
Contract Details
Contract Amount
Reimbursement up to $4,500,000 for public infrastructure costs; 75% CRA tax abatement affecting property (future)
Vendor
CORRIDOR 75 PARK LTD
Agency
Town of Monroe, OH
Contract Type
OTHER
Document Date
May 25, 2026
Contract Term
Infrastructure reimbursement through TIF revenues; CRA abatement term 15 years (planned)
Renewal Info
CRA abatement planned for 15 years; development agreement coordinates land dedication and TIF-backed reimbursements.
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