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  1. Kearney: Port’s award of Millennium contract ‘unjust and unfair’ By Chris Wetterich – Staff reporter and columnist, Cincinnati Business Courier Feb 13, 2020, 2:48pm EST Updated 2 hours ago The CEO of the Cincinnati & Northern Kentucky African American Chamber of Commerce sharply criticized the Port of Greater Cincinnati Development Authority’s decision to award a contract to redevelop the Millennium Hotel without competitive bidding. “This is unjust and unfair,” said Eric Kearney, the former state lawmaker who leads the region’s black chamber, in a statement Thursday. “Input from the African American Chamber and other economic development organizations should have been solicited by the CEO of the Port.” MORE
  2. London calling? Speculation builds on CVG-U.K. flight By Chris Wetterich – Staff reporter and columnist, Cincinnati Business Courier Cincinnati is in a race with St. Louis to land the next British Airways direct flight from the Midwest. At least that’s what St. Louis airport and government officials believe. more
  3. EXCLUSIVE: $29 million apartment project planned in Walnut Hills By Tom Demeropolis – Senior Staff Reporter, Cincinnati Business Courier A pair of development companies is working on plans for a large apartment project in Walnut Hills. MORE
  4. Port OKs bonds to acquire, demolish Millennium Hotel By Chris Wetterich – Staff reporter and columnist, Cincinnati Business Courier The Port of Greater Cincinnati Development Authority’s board unanimously approved issuing $59 million in bonds on Wednesday to acquire, demolish and secure the Millennium Hotel, another step toward putting the property at 150 W. Fifth St. in public hands. The bonds will be backed by Hamilton County’s share of the local hotel tax. The Convention Facilities Authority must still approve the use of that revenue source and is scheduled to meet this month. MORE
  5. One of region’s largest homebuilders launches Madisonville development: PHOTOS By Tom Demeropolis – Senior Staff Reporter, Cincinnati Business Courier One of the largest homebuilders in Greater Cincinnati is working on a rowhouse development in Madisonville. Ashford Homes LLC has started construction on Sonoma Trails, a development that will include 18 total rowhouses along Duck Creek Road. Cathy Hall, community and offsite specialist for Ashford Homes, said four of the 18 homes have already been sold. Three market homes are starting as well, with anticipated mid-to-late-summer move-ins. MORE
  6. Get a look at Lytle Park Hotel construction: PHOTOS By Tom Demeropolis – Senior Staff Reporter, Cincinnati Business Courier The transformation of two buildings in downtown Cincinnati’s Lytle Park into a high-end, boutique hotel is nearly complete. More and Photos
  7. Northgate Mall losing it's Macy's... Macy's will close at least 11 stores, including Cincinnati location By Andy Brownfield – Reporter, Cincinnati Business Courier Cincinnati-based retail giant Macy's Inc. is closing at least 11 stores, including one in the company's hometown. Macy's (NYSE: M) confirmed to the Business Courier that it's closing its Northgate Mall store in Cincinnati, with a clearance sale beginning this month and running for up to three months. A final closing date has not yet been set. According to multiple media reports, the closure of Macy's Northgate Mall location is part of a wider tranche of store closings that include at least 10 other retail locations. Those include: Northgate Mall, Cincinnati RiverGate Mall, Goodlettsville, Tenn. Charleston Town Center, Charleston, S.C. more
  8. Two downtown Dayton redevelopment projects receive $4.4M in historic tax credits By John Bush – Senior Reporter, Dayton Business Journal Two Dayton projects, including one of the largest redevelopment efforts in the city's history, have been awarded historic tax credits from the state of Ohio. The J.K. McIntire Building and the Third Street Arcade, which is part of a broader redevelopment project, will receive Ohio Historic Preservation Tax Credits, the state announced Thursday. MORE
  9. Iconic downtown office tower lands $5 million tax credit By Tom Demeropolis – Senior Staff Reporter, Cincinnati Business Courier Dec 19, 2019, 10:55am EST Updated 34 minutes ago City Club Apartments, which has been planning a conversion of the Central Trust Tower in downtown Cincinnati into apartments, landed a $5 million tax credit to help the project come to fruition. MORE
  10. Demolition of Millennium Hotel will take a year, Port CEO says By Chris Wetterich – Staff reporter and columnist, Cincinnati Business Courier It will take a year to demolish the Millennium Hotel once the Port of Greater Cincinnati Development Authority acquires it, the Port's CEO told her board on Wednesday. Laura Brunner, providing an update on the project to the Port’s board, said she expected to ask members to pass a resolution to issue bonds to purchase and demolish the hotel in January. But first, the Convention Facilities Authority and Hamilton County would have to approve the use of the county’s hotel tax money to back the bonds, she noted. The city and the county share the excess money generated by the hotel tax. MORE
  11. Hotel Covington to expand as part of $22.5 million mixed-use project By Tom Demeropolis – Senior Staff Reporter, Cincinnati Business Courier Salyers Group and vR Group plan to redevelop the former YMCA building and Gateway Bookstore in Covington into a mixed-use property. The project would revitalize a visible corner of downtown Covington, transforming the 72,000-square-foot building at 19 E. Pike St. into a bourbon distillery experience, 10,000 square feet of office space and an expansion of Hotel Covington. The upper floors of the Covington YMCA will be converted into 60 VIP and presidential suites to complement Hotel Covington’s 114 existing rooms just to the south. MORE
  12. Liberty Center faces $700K debt payment shortfall Liberty Center could be more than $700,000 short on debt payments by January 2021 if fund projections don’t increase, the Journal-News reports. That’s according to a forecast from Cincinnati accounting firm Clark Schaeffer Hackett. The shortfall is projected to arrive by July 2020, when payment is due on an Ohio Water Development Authority loan, according to the firm’s cash flow projections. The Liberty Community Authority, which pays the debts with fees it collects from businesses, faces its next shortfall for that payment. MORE
  13. Work resumes on downtown building after partial collapse By Erin Caproni – Digital Producer, Cincinnati Business Courier Crews will resume work at the Fourth & Race development on Tuesday after a portion of the building collapsed during a concrete pour last week, killing one worker and injuring four others. Following the partial collapse on Nov. 25, general contractor Turner Construction partnered with structural engineering consulting firm Thornton Tomasetti to evaluate the site for stability. The review found that the first five levels of the building are secure along with the portions of levels six and seven that weren’t involved in the collapse. MORE
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