WASHINGTON, D.C. – U.S. Sen. Sherrod Brown (D-OH) today applauded the progress the Toledo Mud Hens Baseball Club has made in rehabilitating three historic buildings in downtown Toledo. The completed project, known as Hensville, will create additional restaurant, retail, office, storage, and event space. Brown’s State Director spoke on his behalf at a ceremony in Toledo today, celebrating the project’s halfway point.
“I’m glad the Toledo Mud Hens Baseball Club has continued its tradition of investing in the Toledo community,” Brown said. “This redevelopment project will help revitalize downtown Toledo, creating jobs and boosting revenue for the city.”
This project received critical funding through the New Markets Tax Credit (NMTC) program, which incentivizes community developers to invest in economic development projects in low-income regions that would otherwise suffer from a lack of financing. In July, as a member of the Senate Finance Committee, Brown helped pass legislation that would expand the NMTC by indexing the program to inflation. Last year, Brown helped pass legislation out of the Senate Finance Committee that would extend the NMTC.