the Banks

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

 

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.  

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