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PACE in Ohio: Western Reserve Port Authority working on a PACE project on Simon mall

An energy-improvement district could be created that would allow Southern Park Mall to become more efficient.

The Western Reserve Port Authority is working with Simon Properties, which owns the mall, to create an Energy Special Improvement District or ESID.

If the district is created, Boardman Township would have the authority to issue Property Assessed Clean Energy — PACE — bonds that could finance mall improvements.

If the district is approved, Simon Properties would pay for the bonds through a special assessment on its property taxes, said Rose Ann DeLeon, port authority executive director. The assessment would be in addition to the typical property tax paid for the mall.

The company has not decided on any type of improvements, but could improve windows or heating. Read more.