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The_Cincinnati_Kid

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  1. The_Cincinnati_Kid

    Newport, KY: Ovation

    Corporex takes another step to get Ovation started By Tom Demeropolis – Senior Staff Reporter, Cincinnati Business Courier Ovation, the long-planned $1 billion mixed-use development along the Ohio River in Newport, could get started in early 2019. Corporex Cos. LLC, the developer that has been working on the 30-acre property for a decade, received a five-year extension of the original tax increment finance district from Newport City Commission. Tom Banta, managing director of Corporex, said the shift of the TIF timing is a “housekeeping” issue that just shifts the time period back. Under the original agreement, the 30-year TIF would have ended in 2042. Now it will expire in September 2047. More
  2. The_Cincinnati_Kid

    Cincinnati: Kroger

    Kroger picks Greater Cincinnati for first warehouse with Ocado, creating 400-plus jobs By Steve Watkins – Staff Reporter, Cincinnati Business Courier Nov 19, 2018, 2:11pm EST Updated 9 minutes ago Kroger Co. and British online grocery retailer Ocado have determined the site of their first jointly developed $55 million warehouse and distribution center and the hundreds of jobs that go with it, and it’s in Greater Cincinnati. The companies selected Monroe for the first “shed,” as Kroger calls the warehouse/distribution facilities. The facility will generate more than 410 new jobs, Kroger said. The shed is due to open in 2021, Kroger spokeswoman Kristal Howard told me. Construction in Monroe is subject to getting state and local incentives. More
  3. The_Cincinnati_Kid

    Cincinnati: Random Development and News

    Get a look inside a former downtown factory turned apartments: PHOTOS By Tom Demeropolis – Senior Staff Reporter, Cincinnati Business Courier The former home of the Hamilton County Board of Elections, and before that the Crane-Hawley Co., has nearly completed its transformation into 69 urban apartments. Crane Factory Flats, located at 824 Broadway, is a redevelopment project of a roughly 85,000-square-foot building by Rookwood Properties. The total investment in the building is about $8 million. More
  4. The_Cincinnati_Kid

    Cincinnati-NKY International Airport

    CVG scraps plans for economy parking lot By Chris Wetterich – Staff reporter and columnist, Cincinnati Business Courier A year after saying it would open a new, cheaper economy parking lot as it raised parking rates across the board, Cincinnati/Northern Kentucky International Airport has scuttled those plans. Instead, the CVG employee lot on Donaldson Road, where the economy lot was going to be located, will serve as an overflow lot for the ValuPark lot. more
  5. The_Cincinnati_Kid

    Cincinnati: Union Terminal

    Peek inside Union Terminal before it reopens this weekend: PHOTOS By Chris Wetterich – Staff reporter and columnist, Cincinnati Business Courier Steve Swisher doesn’t hesitate when he’s asked what was the biggest challenge to the rehabilitation of Union Terminal, the historic art deco train station-turned-museum that is, debatably, Cincinnati’s most-important architectural marvel. “One of the biggest challenges and enemies is Mother Nature,” said Swisher, Turner Construction’s onsite manager for the project, noting the difficulty of protecting the precious murals that depict a series of diverse workers that line the building’s rotunda. The five-story drum wall behind the murals was rebuilt, leaving little between them and the elements. https://www.bizjournals.com/cincinnati/news/2018/11/14/peek-inside-union-terminal-before-it-reopens-this.html
  6. They have many other businesses other than Great American.
  7. IF FCC moved forward on a site they didn't totally control, it's their own fault. They may either have to pony up or try and get the City to condemn the property, which I am not sure they would have the authority to do in this case. Whatever happens it will cost them money or a lot of time.
  8. They have a 7 year lease with another 10 year option, so they do have a right to use it. If FCC wants it, they have to buy them out of their leasehold interest. My guess is that the lease for the building and the parking lot are tied together, if they are not the same lease. If FCC wants them out, they will either have to provide parking elsewhere or give them enough money to relocate to entice them to release their interest in the site.
  9. Austin startup bringing boutique hotel to the Banks By Tom Demeropolis – Senior Staff Reporter, Cincinnati Business Courier An Austin-based startup has partnered with Current at the Banks to open a boutique hotel in the mixed-use development. The Guild, which blends short-term rental with a boutique hotel feel, has 50 suites at Current at the Banks, according to Austin Business Journal. Current at the Banks has 300 total apartments. more...
  10. The_Cincinnati_Kid

    Cincinnati: Random Development and News

    Individual sales have nothing to do with TIF funds (other than a rising tide in appraised value hopefully). It has to do with the increase (i.e. the "increment") from a frozen base value of property taxes when the TIF area was established. E.G. if the area had an assessed tax value of $1,000,000,000 when established, and now the area an assessed tax value of $1,500,000,000, the taxes on the "new" $500,000,000 in value go to the TIF district, not the original taxing jurisdictions like City, County, Schools, Fire, etc.
  11. The_Cincinnati_Kid

    Cincinnati: Random Development and News

    See the Cincinnatian Hotel’s $6 million renovation: PHOTOS By Tom Demeropolis – Senior Staff Reporter, Cincinnati Business Courier The Cincinnatian Hotel, Curio Collection by Hilton, has finished its $6 million renovation. One of the oldest hotels in Greater Cincinnati started interior demolition last fall on the public spaces on the first and second floors. That work is now complete, with the hotel hosting a grand opening 4-7 p.m. Thursday, Oct. 11. More...
  12. The_Cincinnati_Kid

    Ohio Census / Population Trends

    The Midwest Tells Us an Interesting Growth Story In the Northeast, the biggest cities have been sucking up what little population growth there is. In the Midwest, there’s lots more going on. By Justin Fox October 9, 2018, 11:00 AM PDT The Midwest and the Northeast are the slow-growing regions of the U.S., with estimated population increases of 1.9 percent and 2.1 percent, respectively, from 2010 through 2017, according to the Census Bureau (compared with 7.9 percent for the South and 7.6 percent for the West). 1 More...
  13. The_Cincinnati_Kid

    The Trump Presidency

    New York Times investigation: Trump helped his parents evade taxes, 'including instances of outright fraud' By Sophie Tatum, CNN Updated 5:56 PM ET, Tue October 2, 2018 NYT: Trump helped his parents evade taxes Washington (CNN)President Donald Trump helped "his parents dodge taxes," according to an analysis Tuesday from The New York Times, including what the paper calls "instances of outright fraud." Trump received today's equivalent of at least $413 million from his father and much of that money came from schemes to help his parents evade paying taxes on the fortune his father amassed in a 40-year career, according to the report. https://www.cnn.com/2018/10/02/politics/donald-trump-tax-schemes/index.html
  14. Welcome to Dayton, Ohio: The Land of Funk MELISSA A. WEBER SEP 28, 2018 The Ohio Players, Lakeside, Slave, Zapp. In the ‘70s and ‘80s, Dayton was a hotbed of funk bands. With the opening of a new museum, the city is claiming its position as “The Land of Funk.” In February, after years in the making, the Funk Music Hall of Fame and Exhibition Center (also known as The Funk Center) held its grand opening in Dayton, Ohio. Why funk music? Why Dayton? Why not? https://www.citylab.com/life/2018/09/dayton-embraces-its-funky-history/571654/
  15. First phase of luxury apartments in Madisonville nearly full, next phase underway: PHOTOS By Tom Demeropolis – Senior Staff Reporter, Cincinnati Business Courier After finishing construction on the first phase of the RED in Madisonville on June 1, about 95 percent of the 164 apartments are already leased. Ray Schneider, the real estate developer who has been working on the RED for more than three years, said he made choices on the design and construction of the RED that have made it costlier, such as using different materials and bumping out different portions. But he said it makes sense in the long run because he plans to own the RED. https://www.bizjournals.com/cincinnati/news/2018/10/02/first-phase-of-luxury-apartments-in-madisonville.html
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