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.
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.
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.