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Real Estate Development State Budgets

Vorys, Sater, Seymour and Pease LLP

Ohio Budget Bill Brings Significant Changes and Economic Development Focus

On June 30, 2025, Governor Mike DeWine signed Amended Substitute House Bill 96 (H.B. 96), establishing Ohio's biennial budget for State fiscal years 2026-2027 (July 1, 2025 through June 30, 2027). This comprehensive budget...more

Vorys, Sater, Seymour and Pease LLP

Material Changes Transform the Ohio TMUD Tax Credit

The new Ohio budget signed June 30, 2025 (the Budget Bill or HB 96) enacts substantial changes to Ohio Revised Code Section 122.09, the Transformational Mixed-Use Development Tax Credit (TMUD Tax Credit). The TMUD Tax...more

Cozen O'Connor

Broad Street Brief: HBSE, Comcast Acquire Market East Properties

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Mayor Parker Strikes Deal with DC 33 - Trash collectors and other frontline City workers will return to work after the Parker administration reached a deal with AFSCME District Council 33 early Wednesday morning. The...more

Cozen O'Connor

New York Note: FY26 Budget Passage, City Legislation, Brooklyn Power 100

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On June 30, the City Council formally adopted the $115.9 billion FY 2026 budget. The budget includes funding to pilot a new free child care program for children under 2 years old, along with a significant increase in City...more

Downey Brand LLP

Senate Bill 607 and Potential Sweeping Changes to CEQA

Downey Brand LLP on

This year, over fifty bills were introduced in the Legislature that directly addressed a CEQA issue. Many died in committee, or failed to make it out of their respective houses. The vast majority of those that advanced sought...more

Cozen O'Connor

Cozen Cities - June 11, 2025

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BOSTON—City Receives $7.4M for Office-to-Residential Conversions -Massachusetts Governor Maura Healey (D) allocated $7.4 million to support two office-to-residential conversion projects in downtown Boston, part of a broader...more

Cozen O'Connor

Broad Street Brief: FY26 Budget Negotiations Entering HOME Stretch

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FY26 Budget Negotiations Entering HOME Stretch - Thursday marks the final opportunity for the City Council to advance bills—including those tied to Mayor Cherelle Parker’s $6.7 billion proposed budget and Housing...more

Miller Starr Regalia

Senator Wiener and Assembly Member Wicks Applaud Governor Newsom’s Support of Their CEQA Reform Bills

Miller Starr Regalia on

On May 14, 2025, Senator Scott Wiener issued a press release stating that, on that morning, “Governor Gavin Newsom announced that he supports the strongest ever reforms of [CEQA],” referring to Newsom’s proposal to include in...more

Cozen O'Connor

Pennsylvania Perspective for Thursday, May 8, 2025

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Gov. Shapiro Proposes Doubling Agricultural Innovation Grant Funding -Governor Josh Shapiro (D) is proposing increasing Pennsylvania’s Agricultural Innovation Grant program funding to $23 million to support new technologies...more

Cozen O'Connor

Broad Street Brief Special Edition: FY26 City Budget Address Recap

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On Thursday, March 13, Mayor Cherelle Parker delivered her second annual Budget Address to the Philadelphia City Council, unveiling her $6.77 billion FY26 Budget proposal—an approximately $400 million increase over the FY25...more

Cozen O'Connor

Illinois Insights: An update from Cozen O'Connor (2/12)

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Civic Federation Says Illinois Should Extend Sales Tax to Services to Help Bridge $3B Budget Deficit - “Illinois should extend its sales tax to services like haircuts, dry cleaning and plumbing, the nonpartisan Civic...more

Cozen O'Connor

Broad Street Brief: Mayor Parker Unveils “Mission 30,000” Housing Plan

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Mayor Parker Unveils “Mission 30,000” Housing Plan - Mayor Cherelle Parker outlined her “Mission 30,000” plan to build, preserve, and repair 30,000 housing units in Philadelphia during the Chamber of Commerce for Greater...more

Cozen O'Connor

Cozen Cities - September 11, 2024

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CHICAGO — CTA Launches AI Surveillance to Stop Gun Violence at Transit Stations- The Chicago Transit Authority (CTA) recently rolled out an artificial intelligence (AI) surveillance tool to detect guns at stations, a move...more

Cozen O'Connor

Cozen Cities - August 28, 2024

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BALTIMORE — City Council Investigates DPW Working Conditions -Baltimore City Council members criticized Department of Public Works (DPW) officials over unsafe workplace conditions following the death of a sanitation worker,...more

Cozen O'Connor

Cozen Cities - July 31, 2024

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CHICAGO — U.S. Steel South Works Site Wins Massive Quantum Project -Illinois is investing in quantum computing on the Far South Side of Chicago at the former U.S. Steel South Works plant on Lake Michigan. The goal is to...more

Cozen O'Connor

Cozen Cities - July 2, 2024

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BALTIMORE — Gig Work on the Rise in Baltimore Area- Gig work is on the rise in the Baltimore area, becoming a predominant lifestyle choice for many individuals. The trend underscores a significant shift in employment...more

Cozen O'Connor

Cozen Cities - May 8, 2024

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CHICAGO — City Council to Consider Requiring Testing, Guidelines for City Government AI Tools- Chair of Chicago City Council’s Committee on Economic, Capital & Technology Development Gilbert Villegas (Ward 36) introduced a...more

Holland & Knight LLP

New Programs Designed to Assist Production of Housing in New York City

Holland & Knight LLP on

The adopted 2024-2025 budget for New York state includes the enactment of two programs intended to assist the production of housing in New York City: the Affordable Neighborhoods for New Yorkers Program (ANNYP) to replace the...more

Cozen O'Connor

Cozen Cities - February 14, 2024

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BOSTON — City Leading AI Industry- Boston-area companies are leading in the development of new artificial intelligence (AI) and managing data for AI use. A new report estimates that Boston’s expertise in tech and health...more

Bricker Graydon LLP

ODOD to Accept Applications for Funding Beginning October 31

Bricker Graydon LLP on

The Ohio Department of Development (ODOD) recently released further application details and information regarding its Building Demolition and Site Revitalization Program (the Program), which recently received renewed funding...more

Cozen O'Connor

Cozen Cites - October 18, 2023

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BALTIMORE — AI to Help Baltimore Agencies Bridge Language Gaps- By year’s end, the City of Baltimore will be deploying a new AI-backed service to help 911 dispatchers communicate with callers in their native language...more

Holland & Knight LLP

The Final Content of California's Budget-Revised Infrastructure and CEQA Reform Trailer Bills

Holland & Knight LLP on

As stated in Holland & Knight's recent alert detailing Gov. Gavin Newsom's package of 11 bills to amend the venerable California Environmental Quality Act (CEQA), meaningful reforms to CEQA have eluded all past governors in...more

Akerman LLP

Extension of Incentive Programs in New York State’s 2024 Budget

Akerman LLP on

On May 1, 2023, the New York State Legislature voted to adopt the Fiscal Year 2024 budget which included the renewal and extension of the sunset date of five programs that abate real estate taxes, reduce commercial rent tax,...more

Herbert Smith Freehills Kramer

Hotel and Office Conversions — an Update

Since January 2021, multiple proposals were introduced in the New York State legislature to permit underutilized hotel and/or office buildings, many of which have become financially distressed due to the COVID-19 pandemic, to...more

Herbert Smith Freehills Kramer

The New York State Brownfield Cleanup Program: Budget Updates and Looking Ahead to an Extension

Governor Cuomo’s FY 2022 Budget provides relief to participants in the New York State Brownfield Cleanup Program (BCP) that risk losing their Tangible Property Tax Credit due to pandemic-related and other delays....more

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