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.
Two public hearings have been set to discuss the possibility of a sales tax to fix up Union Terminal and Music Hall. But Hamilton County Commissioners say that doesn't mean a sales or property tax is a certainty.
A task force is reviewing funding options for repairing the aging landmarks. That group will present its recommendations June 23.
However, Commissioner Greg Hartmann says Wednesday was the last commission meeting before a state deadline to set public hearings ahead of the November election.