State rescinds historic tax credits for Ohio Bell Building redevelopment in downtown Cleveland Michelle Jarboe/Crain's Cleveland Business An out-of-state developer that hoped to remake much of the Ohio Bell Building in downtown Cleveland's Gateway District as a hotel recently lost state tax credits for the preservation project. The 22-story building is owned by AT&T. The state has revoked a $4.2 million historic tax credit award for the Ohio Bell Building in downtown Cleveland, where a planned hotel conversion stalled out last year. In a letter dated Feb. 19, the Ohio Development Services Agency notified Todd Interests that it had rescinded the award after the Dallas-based real estate company failed to show progress. The highly sought-after credits, which the state doesn't pay out until projects are complete, will go back into a pool for future preservation-minded applicants.