City to receive tax incentive on senior development
North Royalton will be receiving additional tax revenue from a new senior housing development. City Council recently approved legislation that would allow the city to receive tax money that would normally go to Cuyahoga County. At their November 20 meeting, City Council unanimously adopted an ordinance that establishes Tax Increment Financing (TIF) for Royalton Place, the senior development on York Road, near Route 82. The TIF program is established through the Ohio Revised Code. According to the Ohio Development Services Agency, a TIF “is an economic development mechanism available to loca ....



















