the Banks

Jay Hanselman / WVXU

Update 09/29/2014 at 8:00PM:  Cincinnati City Manager Harry Black told council members in a memo Monday evening he will meet with Mahogany's owner Liz Rogers.

"Due to threatened litigation, I have been intentionally measured in public statements on this subject," Black wrote in the memo.  "To be clear, I intend to meet with Mrs. Rogers, soon, in order to discuss this situation."

Black told council he would report back on the results of his meeting with Rogers, and seek direction on how to proceed.

Jay Hanselman / WVXU

Cincinnati Council's Budget and Finance committee is likely to discuss the now closed Mahogany's Restaurant during its meeting Monday.  

A Council majority has signed a motion asking city administrators to meet with owner Liz Rogers and her attorney to see if there's a way to protect the city's financing that went into the project.  

Four people addressed the issue Wednesday during Council's regular weekly meeting.  Resident Iris Roley directed a portion of her comments to Mayor John Cranley.

Jay Hanselman / WVXU

Cincinnati administrators are not willing to cut a deal with the owner of a now closed restaurant at The Banks.  

Liz Rogers, through a weekend letter from her attorney, asked the city to forgive her $300,000 city loan and allow her to purchase the city funded restaurant equipment for $12,000.  In return she would re-open her Mahogany's restaurant at another city location within 120 days.  

City spokesman Rocky Merz provided the following e-mail on the issue Tuesday morning.

Jay Hanselman / WVXU

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.”

The developer and architect of the planned General Electric Global Operations Center showed preliminary drawings to Cincinnati's Urban Design Review Board, and board members were not impressed.

The five board members said they didn’t believe the architectural drawings of the 10-story building to be constructed on The Banks were distinctive enough; and that the building was too plain.

But, in the end, there is nothing the Urban Design Review Board can do about it.

Provided, The Banks

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.  

Howard Wilkinson / WVXU

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.

The Banks

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.

GE

Cincinnati Mayor John Cranley will not confirm media reports General Electric plans to locate its U.S. Global Operations Center and 1,400 new jobs at The Banks development.  

Cranley was asked about the issue Thursday during a press conference on another topic.  Cranley said reporters should write stories once GE makes its official announcement.

Road construction on the Cincinnati riverfront will close eastbound Freedom Way from Rosa Parks Street to Elm Street starting Wednesday morning and continuing through July 24th.  Traffic in the westbound direction will not be affected.

A press release said the partial closure will allow work crews to remove and replace the existing sidewalk and pavement at Freedom Way and Race Street.  The project includes modifying expansion joints and installing a permanent railing.

Provided, The Banks

 

Ann Thompson / WVXU

Hamilton County and the Bengals have a reached a deal that could pave the way for luring General Electric to the Banks.

The county announced Thursday the Bengals have agreed to waive height restrictions that would've halted a office space large enough to house General Electric's new Southwest Ohio Global Operations headquarters and a planned apartment building in exchange for six items.

Commissioner Greg Hartmann says the deal will allow the county and city to aggressively bid for GE.

Ann Thompson / WVXU

Cincinnati Council is expected to vote Wednesday to issue $8 million worth of bonds to finish another portion of Smale Riverfront Park.  That borrowing likely will mean city homeowners will not see a decrease in a portion of their city property taxes.

Issuing bonds is essentially the same thing as taking out a mortgage on a house.  You get a large lump sum of money up-front and then pay it back over a long period of time.  The city sets aside a portion of its property tax revenue to make these payments.  

A restaurant at the popular riverfront Banks development is in default and may be forced to close.   

Mahogany’s at The Banks has ten days from Thursday to pay $50,658.47.

The letter states:

Jay Hanselman

Mayor Mark Mallory, quickly coming to the close of his eight years as Cincinnati mayor, used a combination of serious talk, comedic one-liners, videos and slide shows Tuesday night to make the case that he has helped turned a struggling city around.

Before a crowd of about 200 invited guests on a set dressed like a living room at Over-the-Rhine’s Ensemble Theatre, Mallory talked for an hour and five minutes about the legacy he leaves when he vacates the mayor’s office Dec. 1.

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