AI-assisted summary

Canton city officials approved economic incentives to help the Hall of Fame Village avoid bankruptcy.

The measures are intended to protect the city's $8.5 million in loans to the development.

CANTON − City officials broadened economic incentives for the development of the Hall of Fame Village to try to keep the company afloat and protect the city's loans.

Three Hall of Fame Village ordinances were passed Sept. 29 by Canton City Council. The first extends the tax increment financing agreement for an additional 30 years. The second will allow the Village to finance energy-efficient improvements through a Property Assessed Clean Energy (PACE) loan.

Mayor William V. Sherer II and Ward 7 Councilman John Mariol II said the ordinances give the city a chance at recouping i

See Full Page