Careers

Diversity, Equity & Inclusion

Experience

Innovation

Interactive Maps

Locations

About

Pages

Meet our team of innovators
Ask us how we do it

Professionals

Insights

Services

Thompson Hine LLP, a full-service business law firm with approximately 400 lawyers in 8 offices, was ranked number 1 in the category “Most innovative North American law firms: New working models” by The Financial Times and was 1 of 7 firms shortlisted for The American Lawyer’s inaugural Legal Services Innovation Award. The firm has been recognized by the National Law Journal as a Legal Technology Trailblazer and featured by Bloomberg for its innovative service delivery models, which drive accuracy and predictability. The firm’s commitment to innovation is embodied in Thompson Hine SmartPaTHTM – a smarter way to work – predictable, efficient and aligned with client goals. For more information, please visit ThompsonHine.com and ThompsonHine.com/SmartPaTH.

Home | Thompson Hine LLP

Atlanta

Chicago

Cincinnati

Cleveland

Columbus

Dayton

Los Angeles

Minneapolis

New York

Washington, D.C.

On September 25, the city of Beavercreek, Ohio, enacted an ordinance that will make it more onerous for foreign persons and companies to buy and develop land around Wright-Patterson Air Force Base (WPAFB). The ordinance requires prospective developers seeking zoning permits to certify that they are not subject to review by the <a href="https://home.treasury.gov/policy-issues/international/the-committee-on-foreign-investment-in-the-united-states-cfius" target="_blank" rel="noreferrer noopener">Committee on Foreign Investment in the United States (CFIUS)</a>. If an applicant is subject to CFIUS review, it must provide documentation regarding the results of the review.

contentpilot/introduction

CFIUS is an interagency committee comprising the heads of the Departments of Treasury, Justice, Homeland Security, Commerce, Defense, State, and Energy, as well the Office of the U.S. Trade Representative and the Office of Science &amp; Technology Policy. CFIUS <a href="https://home.treasury.gov/policy-issues/international/the-committee-on-foreign-investment-in-the-united-states-cfius" target="_blank" rel="noreferrer noopener">reviews</a> transactions involving foreign investment in the United States and certain real estate transactions by foreign persons, including transactions within 1 to 100 miles of sensitive military installations and federal government facilities, to determine the effect of such transactions on U.S. national security.

core/paragraph

Under the new ordinance, Beavercreek’s planning and development director cannot issue any zoning permit unless the applicant first certifies that it is not a foreign person subject to CFIUS regulation. If the applicant is a such a foreign person, the ordinance requires the planning and development director to “request the applicant or applicant’s agent to submit a CFIUS filing and to submit the results of the CFIUS national security review or investigation to the City.”<a id="_ednref1" href="#_edn1">[i]</a> If the applicant refuses to submit to a CFIUS review, the city may essentially “red flag” the applicant and refer it to a WPAFB Installation Commander for consideration of further action. If it is ultimately determined that approval of the application and grant of a permit would violate a CFIUS regulation, the planning and development director must notify the Beavercreek City Council immediately.

Various media outlets have reported that this is one of the first local ordinances of its kind in the country. If successful, we are almost certain to see other municipalities across the country, especially those located in close vicinity to military installations, enact similar legislation.

core/separator

<a id="_edn1" href="#_ednref1">[i]</a> <a>Beavercreek Municipal Code § 158.005(D)</a>.

This advisory bulletin may be reproduced, in whole or in part, with the prior permission of Thompson Hine LLP and acknowledgment of its source and copyright. This publication is intended to inform clients about legal matters of current interest. It is not intended as legal advice. Readers should not act upon the information contained in it without professional counsel.

This document may be considered attorney advertising in some jurisdictions.

https://admin.thompsonhine.com/wp-content/uploads/2023/10/Real-Estate-Update-New-Ordinance-Impacts-Real-Estate-Around-Wright-Patterson-Air-Force-Base.pdf

New Ordinance Impacts Real Estate Around Wright-Patterson Air Force Base

Services