the Banks

Provided, The Banks

 

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.

The Banks Partnership

More road closures are coming along the riverfront near the Banks and the stadiums.

Here's what you need to know:

Section of Pete Rose Way to close for a series of concrete pours to create Pedestrian Bridge walking surface.

WHAT

The Banks Partnership

Hamilton County Commissioners are giving their approval to the next phase of the Banks project. The board approved the plan Wednesday.

Project counsel Tom Gableman says Phase II-A will create 706 construction jobs.

"In terms of wages, that's about $30 million," he says. "And the total economic impact, both direct and indirect, is about $115 million."

Announced earlier this month, Phase II-A includes 305 apartments and 21,000 square feet of retail space. Gabelman estimates retail employment will create 345 jobs.

The Banks Partnership

New details are being released about the next phase of the Banks project along the Ohio river.

Phase II A will feature a nine-story building running the length of Second Street from the Freedom Center to Race Street.

The development will include 305 apartments and 21,000 square feet of retail space.

Cincinnati and Hamilton County officials are slated to sign off on the project later this month. If everything moves on schedule, construction would begin in December with an expected opening date in fall 2015.

From a release:

The Banks website

The man behind Cincinnati's popular Banks development along the riverfront is officially moving on to something a little more challenging.

John Deatrick is taking over the Cincinnati Streetcar as the project executive. Challenging because the project and its funding remain hot-button issues.

Deatrick says he believes Cincinnati needs to repopulate its urban core, not only with people but also goods and services.

The Banks Partnership

Traffic along Cincinnati's riverfront is getting a little more tricky for a few weeks.

Lane closures and detours start Monday morning while crews work on constructing a new pedestrian bridge on Pete Rose Way and what's known as the Dumbo Lot at Third and Broadway and removing the Race Street bridge deck.

Sidewalks in those areas will also be closed for certain periods.

The traffic disruptions are slated to run through early August.

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