A statutory pilot program that gives new community authorities (NCAs) useful flexibility and power is set to expire — just as Ohio’s rebounding economy sparks renewed interest in creating NCAs to facilitate major development projects.
The Ohio General Assembly initiated the NCA pilot program in 2010 and renewed it in 2012. Without further action by the Ohio General Assembly, however, the pilot program will not be available for NCAs created on or after March 22, 2015. The chart below outlines some of the most important features of the pilot program, as well as the impact of its expiration:
Click here to view the table.