The owner of a troubled restaurant at The Banks development said Tuesday she is looking for a new location. Liz Rogers gave a prepared statement about the future of Mahogany's during a press conference at the facility.
"We find that we are in the midst of a climate that is not conducive to successfully executing our business model here at The Banks,” Rogers said. “We have determined that our restaurant model is not a fit for The Banks development and we are interested in relocating.”
Update 7/9/14 at 9:20am: The concrete pours were delayed overnight. Now rescheduled to begin (weather permitting) Thursday, July 10th at 1:00 a.m. and wrap-up by mid-morning. Scheduled to be complete by Reds game start on Thursday 12:35 p.m.
Construction work on the next phase of The Banks project will shut down a section of Race Street early Wednesday morning. The road will be closed between Freedom Way and Second Street from 2 a.m. until 10 a.m. Wednesday.
General Electric, a week after it announced it would build its Global Operation Center at The Banks, held a celebration today in their temporary headquarters with Gov. John Kasich and a host of elected officials and community leaders who had a hand in bringing the center to Cincinnati.
Cincinnati City Council and the Hamilton County commissioners approved packages of tax incentives to nail down the deal. Kasich’s private, non-profit development firm, JobsOhio worked for months with GE officials to convince them to bring the operations center here.
Cincinnati and Hamilton County have cleared the way to bring General Electric's Global Operations Center to The Banks.
City Council and the County Commission Monday morning approved several packages of incentives cementing the deal. GE is expected to bring nearly 1,800 jobs with an average total payroll of $142 million per year.
The five-year lease includes five, 5-year renewal options.