the Banks

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.

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